Globant (GLOB) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Fri, February 27, 2026 astatine 11:17 AM CST 56 min read

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Thursday, Feb. 26, 2026 astatine 4:30 p.m. ET

• Chief Executive Officer — Martín Migoya

• Chief Technology Officer — Diego Tartara

• Chief Financial Officer — Juan Urthiague

• Chief Business Officer — Fernando Matzkin

• Head of Investor Relations — Arturo Langa

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Martín Migoya: Globant S.A. has spent 20 years helping the world's starring companies physique and alteration their technology, processing heavy engineering capability, existent successful expertise, and semipermanent lawsuit partnerships on the way. That is and volition ever beryllium our foundation. Over the past year, we person been adding a caller furniture connected apical of it. And what I privation to stock contiguous is however that furniture is already changing our trajectory. Enterprises are moving from AI experimentation to AI execution. After a play of important concern with constricted returns, our clients are present deciding with greater clarity. They recognize AI's potential, and they are seeking partners who tin present existent outcomes.

Not conscionable pilots, but production-grade solutions built with cognition of their industry, their systems, and their concern logic. That is precisely what we built with our AI Pods, moving connected apical of our industry-specialized AI Studios. And that is wherefore we judge Globant S.A. is the AI-native exertion solutions company, the spouse enterprises are choosing to adjacent the spread betwixt AI concern and AI impact. We launched our AI Pods 9 months ago, and it is already proving existent occurrence with our customers. In 2025, we achieved some our highest gross and strongest escaped currency travel procreation ever, portion simultaneously restructuring our transportation enactment and transforming our transportation model.

In Q4, we produced the highest quarterly bookings of the year, up 32.4% twelvemonth implicit year. Our pipeline remains robust astatine $3,400,000,000. I privation to usage this telephone to locomotion you done our results, our strategy, and the circumstantial metrics that show wherefore we are convinced astir the way ahead.

The IT nonrecreational services manufacture faces a structural shift; exertion superior is flowing overwhelmingly toward AI infrastructure, with Gartner projecting IT services to turn conscionable 4.4% successful 2026, little than fractional the complaint of wide IT spending. However, the large 4 hyperscalers are approaching $700,000,000,000 successful combined 2026 CapEx, astir triple the level of conscionable 2 years ago. The standard of that concern is extraordinary, but it besides created a monolithic implementation gap. In 2025, MIT probe showed that astir endeavor AI pilots did not present measurable P&L interaction yet, and a important fig of companies paused oregon restructured their AI during past year.