Technology
Globant Reports 2026 Second Quarter Financial Results
Published
3 months agoon
By
LUXEMBOURG, Aug. 13, 2026 /PRNewswire/ — Globant (NYSE: GLOB) today announced results for the three and six months ended June 30, 2026.
“Glob.AI ARR reached $52.8 million in the second quarter, up 61% quarter-over-quarter, and we now expect no less than $110 million exiting 2026. Alongside that, Globant’s revenue for Q2 reached $614.4 million and free cash flow reached $12.6 million in the quarter, compared to negative $2.9 million a year ago, capping our strongest first half of cash generation on record. Last week we opened Glob.AI to the entire market, a single platform where any enterprise can deploy AI Pods and pay on the output or consumption they receive rather than on the hours behind it. Supported by partnerships with Anthropic, Vercel and OpenAI, among others, we are changing how our services are delivered and how they are priced,” explained Martín Migoya, Globant’s CEO and co-founder.
“In the second quarter of 2026, Globant demonstrated resilient execution, generating $614.4 million in revenue—within our guided range—and delivering record free cash flow generation for the first half of the year. Expansion across our top accounts remained strong, reflecting a 6.9% year-over-year increase in our top 50 clients alongside accelerating market adoption of our higher-margin AI Pods and Glob.AI platform. To navigate broader market volatility and to align with our business model transformation needs, we proactively optimized our structure during the quarter, all while we continued executing on our share repurchase program,” explained Juan Urthiague, Globant’s CFO.
Please see highlights below. Note that reconciliations between IFRS and Non-IFRS financial measures are disclosed at the end of this press release.
Second Quarter 2026 Financial Highlights
Revenues were $614.4 million, remaining generally unchanged from the prior year quarter.IFRS Gross Profit Margin was 33.9% compared to 35.4% in the second quarter of 2025.Non-IFRS Adjusted Gross Profit Margin was 36.5% compared to 38.1% in the second quarter of 2025.IFRS Profit from Operations Margin was 3.2% compared to 1.0% in the second quarter of 2025.Non-IFRS Adjusted Profit from Operations Margin was 13.2% compared to 15.0% in the second quarter of 2025.IFRS Diluted EPS was $0.04 compared to $(0.05) in the second quarter of 2025.Non-IFRS Adjusted Diluted EPS was $1.40 compared to $1.53 in the second quarter of 2025.
Other Financial Highlights as of and for the quarter ended June 30, 2026
Cash and cash equivalents and Short-term investments were $168.8 million as of June 30, 2026.The Company invested $25.0 million during the second quarter, completing its original share repurchase program. As of June 30, 2026, the Company had $125.0 million available for repurchase under its new share repurchase authorization.Globant completed the second quarter of 2026 with 27,411 Globers, 25,632 of whom were technology, design and innovation professionals.The geographic revenue breakdown for the second quarter of 2026 was as follows: 52.8% from North America (top country: US), 20.8% from Latin America (top country: Argentina), 20.9% from Europe (top country: Spain) and 5.5% from New Markets[1] (top country: Saudi Arabia).Globant’s top customer, top five customers and top ten customers for the second quarter of 2026 represented 8.9%, 21.6% and 30.6% of revenues, respectively.During the twelve months ended June 30, 2026, Globant served a total of 904 customers (with revenues over $100,000 in the last twelve months), with 331 accounts generating more than $1 million of annual revenues, compared to 339 for the same period one year ago.In terms of currencies, 63.0% of Globant’s revenues for the second quarter of 2026 were denominated in US dollars.
2026 Third Quarter and Full Year Outlook
Based on current market conditions, Globant is providing the following estimates for the third quarter and the full year of 2026:
Third quarter 2026 Revenues are estimated to be in the range of $607 million to $615 million, representing a 1.6% to 0.3% year-over-year decline. This outlook includes a positive FX impact of 25 basis points.Third quarter 2026 Non-IFRS Adjusted Profit from Operations Margin is estimated to be in the range of 13.5% to 14.5%.Third quarter 2026 Non-IFRS Adjusted Diluted EPS is estimated to be in the range of $1.43 to $1.53 (assuming an average of 43.2 million diluted shares outstanding during the third quarter).Fiscal year 2026 Revenues are estimated to be in the range of $2,428 million to $2,462 million, implying a 1.1% year-over-year decline to 0.3% year-over-year revenue growth. This expected growth includes a positive FX impact of 70 basis points.Fiscal year 2026 Non-IFRS Adjusted Profit from Operations Margin is estimated to be in the range of 13.5% to 14.5%.Fiscal year 2026 Non-IFRS Adjusted Diluted EPS is estimated to be in the range of $5.75 to $6.15 (assuming an average of 43.6 million diluted shares outstanding during 2026).
Shareholder Letter, Conference Call and Webcast
A shareholder letter will be available in the Investor Relations section of Globant’s website.
Martin Migoya, Chief Executive Officer and co-founder, Diego Tártara, Chief Technology Officer, Juan Urthiague, Chief Financial Officer, and Fernando Matzkin, Chief Revenue Officer, will discuss the results in a video conference call and a live Q&A session beginning today at 4:30 pm ET.
Video conference call access information is:
https://more.globant.com/F2Q26EarningsCall
Webcast http://investors.globant.com/
[1] Represents Asia, Oceania and the Middle East.
About Globant (NYSE:GLOB)
At Globant, we help organizations thrive in a digital and AI-powered future. Our industry-focused solutions combine technology and creativity to accelerate enterprise transformation and design experiences customers demand. Through digital reinvention, our subscription-based AI Pods, and Globant Enterprise AI platform, we turn challenges into measurable business results and promised savings into real impact.
We have more than 27,400 employees and we are present in more than 30 countries across 5 continents working for companies like Google, Electronic Arts and Santander, among others.
We were named a Worldwide Leader in CX Improvement by IDC MarketScape report. We were also featured as a business case study at Harvard, MIT and Stanford. We are a member of the Cybersecurity Tech Accord.
For more information, please visit www.globant.com
Non-IFRS Financial Measures
While the financial figures included in this press release have been computed in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board (“IASB”), this announcement does not contain sufficient information to constitute an interim financial report as defined in International Accounting Standards 34, “Interim Financial Reporting” or a financial statement as defined by International Accounting Standards 1 “Presentation of Financial Statements”. The financial information in this press release has not been audited.
Globant provides non-IFRS financial measures in addition to reported IFRS results prepared in accordance with IFRS Accounting Standards. Management believes these measures help illustrate underlying trends in the company’s business and uses the non-IFRS financial measures to establish budgets and operational goals, communicated internally and externally, for managing the company’s business and evaluating its performance. The company anticipates that it will continue to report both IFRS and certain non-IFRS financial measures in its financial results, including non-IFRS measures that exclude share-based compensation expense, depreciation and amortization, acquisition-related charges, business optimization costs, and the related effect on income taxes of the pre-tax adjustments. Because the company’s non-IFRS financial measures are not calculated according to IFRS, these measures are not comparable to IFRS and may not necessarily be comparable to similarly described non-IFRS measures reported by other companies within the company’s industry. Consequently, Globant’s non-IFRS financial measures should not be evaluated in isolation or supplant comparable IFRS measures, but, rather, should be considered together with its condensed interim consolidated statements of financial position as of June 30, 2026 and December 31, 2025 and its condensed interim consolidated statements of comprehensive income for the three and six months ended June 30, 2026 and 2025, prepared in accordance with International Accounting Standard (“IAS”) 34, “Interim Financial Reporting”.
Globant is not providing a quantitative reconciliation of forward-looking Non-IFRS Adjusted Profit from Operations Margin or Non-IFRS Adjusted Diluted EPS to the most directly comparable IFRS measure because it is unable to predict with reasonable certainty the ultimate outcome of certain significant items without unreasonable effort. These items include, but are not limited to, share-based compensation expense, acquisition-related charges, business optimization costs, and the tax effect of non-IFRS adjustments. These items are uncertain, depend on various factors, and could have a material impact on IFRS reported results for the guidance period.
Forward Looking Statements
In addition to historical information, this release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. These statements include, but are not limited to, statements regarding our future financial and operating performance, including our outlook and guidance, and our strategies, priorities and business plans. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could impact our actual results include: our ability to maintain current resource utilization rates and productivity levels; our ability to manage attrition and attract and retain highly-skilled IT professionals; our ability to accurately price our client contracts; our ability to achieve our anticipated growth; our ability to effectively manage our rapid growth; our ability to retain our senior management team and other key employees; our ability to continue to innovate and remain at the forefront of emerging technologies and related market trends; our ability to retain our business relationships and client contracts; our ability to manage the impact of global adverse economic conditions; our ability to manage uncertainty concerning the instability in the current economic, political and social environment in Latin America; and other factors discussed under the heading “Risk Factors” in our most recent Form 20-F filed with the U.S. Securities and Exchange Commission and any other risk factors we include in subsequent reports on Form 6-K.
Additionally, while we have concluded, for the three- and six-month periods ended June 30, 2026 presented in the condensed interim consolidated statements of comprehensive income included in this press release, that our goodwill and intangible assets are not impaired, changes in economic or operating conditions impacting our estimates and assumptions could, as noted in our most recent Form 20-F, result in the impairment of our goodwill and intangible assets in future periods.
Because of these uncertainties, you should not make any investment decisions based on our estimates and forward-looking statements. Except as required by law, we undertake no obligation to publicly update any forward-looking statements for any reason after the date of this press release whether as a result of new information, future events or otherwise.
Globant S.A.
Condensed Interim Consolidated Statements of Comprehensive Income
(In thousands of U.S. dollars, except per share amounts, unaudited)
Six months ended
Three Months Ended
June 30, 2026
June 30, 2025
June 30, 2026
June 30, 2025
Revenues
1,221,502
1,225,265
614,417
614,180
Cost of revenues
(803,785)
(794,394)
(406,181)
(396,539)
Gross profit
417,717
430,871
208,236
217,641
Selling, general and administrative expenses
(312,749)
(321,238)
(154,343)
(159,543)
Net impairment losses on financial assets
(2,486)
(6,339)
(1,692)
(4,660)
Business Optimization Costs
(32,346)
(47,580)
(32,346)
(47,580)
Other operating income and expenses, net
1,391
—
—
—
Profit from operations
71,527
55,714
19,855
5,858
Finance income
3,161
1,923
1,339
978
Finance expense
(18,640)
(20,599)
(9,208)
(10,972)
Other financial results, net
1,461
861
(299)
(239)
Financial results, net
(14,018)
(17,815)
(8,168)
(10,233)
Share of results of investment in associates
(51)
6
14
23
Other income and expenses, net
(2,436)
(3,385)
(7,353)
(114)
Profit before income tax
55,022
34,520
4,348
(4,466)
Income tax
(12,645)
(7,749)
(741)
742
Net income for the period
42,377
26,771
3,607
(3,724)
Other comprehensive income (loss) net of income tax effects
Items that may be reclassified subsequently to profit and loss:
– Exchange differences on translating foreign operations
(14,539)
80,377
(8,896)
51,288
– Remeasurement on defined benefit plan
553
—
357
—
– Net change in fair value on financial assets measured at FVOCI
(182)
(5,798)
(182)
(5,798)
– Gains and losses on cash flow hedges
2,888
13,158
6,504
3,000
Total comprehensive income for the period
31,097
114,508
1,390
44,766
Net income attributable to:
Owners of the Company
38,746
28,252
1,767
(2,383)
Non-controlling interest
3,631
(1,481)
1,840
(1,341)
Net income for the period
42,377
26,771
3,607
(3,724)
Total comprehensive income for the period attributable to:
Owners of the Company
29,346
109,574
299
41,850
Non-controlling interest
1,751
4,934
1,091
2,916
Total comprehensive income for the period
31,097
114,508
1,390
44,766
Earnings per share
Basic
0.90
0.64
0.04
-0.05
Diluted
0.89
0.62
0.04
-0.05
Weighted average of outstanding shares (in thousands)
Basic
43,035
44,177
42,858
44,298
Diluted
43,405
45,424
43,228
44,298
Globant S.A.
Condensed Interim Consolidated Statements of Financial Position as of June 30, 2026 and December 31, 2025
(In thousands of U.S. dollars, unaudited)
June 30, 2026
December 31, 2025
ASSETS
Current assets
Cash and cash equivalents
163,766
243,742
Investments
5,049
6,594
Trade receivables
622,794
577,673
Other assets
32,816
35,117
Other receivables
78,564
84,405
Other financial assets
8,893
6,226
Total current assets
911,882
953,757
Non-current assets
Investments
2,578
2,489
Other assets
3,164
4,424
Other receivables
61,148
49,496
Deferred tax assets
99,049
91,065
Investment in associates
1,053
1,727
Other financial assets
30,990
29,930
Property and equipment
127,602
137,331
Intangible assets
312,126
345,951
Right-of-use assets
87,208
100,542
Goodwill
1,595,460
1,601,523
Total non-current assets
2,320,378
2,364,478
TOTAL ASSETS
3,232,260
3,318,235
LIABILITIES
Current liabilities
Trade payables
118,374
112,590
Payroll and social security taxes payable
196,530
203,395
Borrowings
19,364
19,666
Other financial liabilities
97,811
169,605
Lease liabilities
25,739
28,511
Tax liabilities
20,969
33,205
Income tax payable
14,121
10,730
Other liabilities
1,568
2,591
Total current liabilities
494,476
580,293
Non-current liabilities
Trade payables
1,312
3,684
Borrowings
402,591
347,040
Other financial liabilities
50,179
90,499
Lease liabilities
70,160
78,428
Deferred tax liabilities
26,469
30,906
Income tax payable
2,077
1,428
Payroll and social security taxes payable
2,144
2,358
Contingent liabilities
8,929
21,963
Total non-current liabilities
563,861
576,306
TOTAL LIABILITIES
1,058,337
1,156,599
Capital and reserves
Issued capital
52,112
52,604
Additional paid-in capital
1,159,072
1,167,979
Other reserves
(102,121)
(92,721)
Retained earnings
1,004,485
965,739
Total equity attributable to owners of the Company
2,113,548
2,093,601
Non-controlling interests
60,375
68,035
Total equity
2,173,923
2,161,636
TOTAL EQUITY AND LIABILITIES
3,232,260
3,318,235
Globant S.A.
Selected Cash Flow Data
(In thousands of U.S. dollars, unaudited)
Three Months Ended
June 30, 2026
June 30, 2025
Net Income for the period
3,607
(3,724)
Non-cash adjustments, taxes and others
60,976
57,883
Changes in working capital
(34,366)
(32,281)
Cash flows from operating activities
30,217
21,878
Capital expenditures
(17,584)
(24,735)
Cash flows from investing activities
(22,134)
(68,763)
Cash flows from financing activities
(39,213)
103,757
Net increase/decrease in cash & cash equivalents
(31,130)
56,872
Globant S.A.
Supplemental Non-IFRS Financial Information
(In thousands of U.S. dollars, unaudited)
Six Months Ended
Three Months Ended
June 30, 2026
June 30, 2025
June 30, 2026
June 30, 2025
Reconciliation of adjusted gross profit
Gross profit
417,717
430,871
208,236
217,641
Depreciation and amortization expense
23,734
22,241
12,145
11,085
Share-based compensation expense – Equity settled
7,147
13,203
3,841
5,513
Adjusted gross profit
448,598
466,315
224,222
234,239
Adjusted gross profit margin
36.7 %
38.1 %
36.5 %
38.1 %
Reconciliation of selling, general and administrative expenses
Selling, general and administrative expenses
(312,749)
(321,238)
(154,343)
(159,543)
Depreciation and amortization expense
52,573
59,594
26,029
29,939
Share-based compensation expense – Equity settled
29,729
27,660
14,835
14,275
Acquisition-related charges (a)
3,495
12,206
(922)
5,639
Adjusted selling, general and administrative expenses
(226,952)
(221,778)
(114,401)
(109,690)
Adjusted selling, general and administrative expenses as % of revenues
(18.6) %
(18.1) %
(18.6) %
(17.9) %
Reconciliation of adjusted profit from operations
Profit from operations
71,527
55,714
19,855
5,858
Share-based compensation expense – Equity settled
36,876
40,863
18,676
19,788
Business optimization costs (b)
32,346
47,580
32,346
47,580
Acquisition-related charges (a)
25,534
38,477
9,982
18,872
Adjusted profit from operations
166,283
182,634
80,859
92,098
Adjusted profit from operations margin
13.6 %
14.9 %
13.2 %
15.0 %
Reconciliation of net income for the period
Net income for the period
38,746
28,252
1,767
(2,383)
Share-based compensation expense – Equity settled
37,234
40,378
19,047
19,359
Business optimization costs (b)
32,294
46,453
32,294
46,453
Acquisition-related charges (a)
42,249
54,266
23,906
26,309
Tax effect of non-IFRS adjustments
(25,012)
(31,811)
(16,665)
(20,035)
Adjusted net income
125,511
137,538
60,349
69,703
Adjusted net income margin
10.3 %
11.2 %
9.8 %
11.3 %
Calculation of adjusted diluted EPS
Adjusted net income
125,511
137,538
60,349
69,703
Diluted shares
43,405
45,424
43,228
45,545
Adjusted diluted EPS
2.89
3.03
1.40
1.53
Acquisition-related charges include, when applicable, amortization of purchased intangible assets, interest charges on acquisition-related indebtedness, external deal costs, acquisition-related retention bonuses, integration costs, changes in the fair value of contingent consideration liabilities, and other acquisition-related costs. We cannot provide acquisition-related charges on a forward-looking basis without unreasonable effort as such charges may fluctuate based on the timing, size, and complexity of future acquisitions as well as other uncertainty inherent in mergers and acquisitions.One-time charges for the three and six months ended June 30, 2026 and 2025, related to the Company’s Business Optimization Programs initiated in April 2026 and April 2025, respectively. These charges, primarily related to workforce resizing and office reductions, have been excluded from non-IFRS results as these are one-time and unusual in nature.
Globant S.A.
Schedule of Supplemental Information (unaudited)
Metrics
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Total Employees
30,084
29,020
28,773
28,510
27,411
IT Professionals
28,097
27,123
26,906
26,702
25,632
North America Revenues %
54.1
53.8
53.8
53.5
52.8
Latin America Revenues %
19.7
19.9
21.1
20.5
20.8
Europe Revenues %
19.6
19.4
19.3
19.7
20.9
New Markets Revenues %
6.6
6.9
5.8
6.3
5.5
USD Revenues %
64.1
63.2
64.0
64.5
63.0
Other Currencies Revenues %
35.9
36.8
36.0
35.5
37.0
Top Customer %
8.6
8.7
8.5
8.9
8.9
Top 5 Customers %
20.3
20.7
20.5
21.1
21.6
Top 10 Customers %
29.3
29.5
29.4
30.5
30.6
Customers Served (Last Twelve Months)*
981
978
944
943
904
Customers with >$1M in Revenues (Last Twelve Months)
339
339
336
333
331
(*) Represents customers with more than $100,000 in revenues in the last twelve months.
Investor Relations Contact:
Arturo Langa, Globant
investors@globant.com
+1 (877) 215-5230
Media Contact:
Gregorio Lascano, Globant
pr@globant.com
+1 (877) 215-5230
View original content to download multimedia:https://www.prnewswire.com/news-releases/globant-reports-2026-second-quarter-financial-results-302851301.html
SOURCE Globant
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Technology
RADCOM Reports Third Quarter 2026 Results
Published
14 seconds agoon
November 11, 2026By
Increased revenue 19.4% sequentially, returned to quarterly non-GAAP operating income, and maintained positive cash flow
TEL AVIV, Israel, Nov. 11, 2026 /PRNewswire/ — RADCOM Ltd. (Nasdaq: RDCM) announced today its financial results for the third quarter ended September 30, 2026.
Third-quarter revenues were $14.0 million, up 19.4% sequentially and down 23.6% year over year. Although RADCOM recorded a GAAP operating loss, it returned to non-GAAP operating profitability. RADCOM also generated $1.7 million in positive cash flow and ended the quarter with $111.4 million in cash, cash equivalents, and short-term bank deposits and no debt, up from $109.7 million as of June 30, 2026.
“We returned to non-GAAP operating profitability this quarter and added two new customers, VNPT and CETIN Networks, each replacing the incumbent vendor through a competitive process,” said Benny Eppstein, RADCOM’s Chief Executive Officer. “Our solutions remain integral to how customers manage their networks and end-user service quality, and our customer relationships remain strong. Operators continue to invest in their networks, and we are working closely with them on their deployment plans. Based on those discussions, we see positive signs that some deployments delayed in 2026 will begin to move forward in early 2027.”
“We are reaffirming our revised full-year outlook,” Eppstein continued. “With $111.4 million in cash and no debt, we are investing in RADCOM ACE and our agentic AI roadmap to drive growth. We expect to begin repurchasing shares after the current earnings-related blackout period ends, at management’s discretion. Looking ahead, we remain open to partnerships and targeted acquisitions that expand our solution portfolio, enhance customer value, and deliver greater returns to stakeholders. Together, these steps reflect our confidence in the business and our commitment to building long-term value for our shareholders.”
Third Quarter of 2026 Financial Highlights:
Total revenues for the third quarter of 2026 were $14.0 million, up 19.4% sequentially from $11.8 million in the second quarter of 2026, and down 23.6% year over year from $18.4 million in the third quarter of 2025.GAAP operating loss for the third quarter of 2026 was $0.9 million, or (6.4%) of revenue, compared to GAAP operating income of $2.4 million, or 13.1% of revenue, for the third quarter of 2025.Non-GAAP operating income for the third quarter of 2026 was $0.7 million, or 4.9% of revenue, compared to non-GAAP operating income of $3.8 million, or 20.9% of revenue, for the third quarter of 2025.GAAP net income for the third quarter of 2026 was $0.4 million, or $0.03 per diluted share, compared to GAAP net income of $3.5 million, or $0.21 per diluted share, for the third quarter of 2025.Non-GAAP net income for the third quarter of 2026 was $1.9 million, or $0.11 per diluted share, compared to non-GAAP net income of $4.9 million, or $0.29 per diluted share, for the third quarter of 2025.Cash flow for the third quarter of 2026 was positive at $1.7 million. As of September 30, 2026, the Company had cash, cash equivalents and short-term bank deposits of $111.4 million and no debt, compared to $109.7 million as of June 30, 2026.
First Nine Months of 2026 Financial Highlights:
Total revenues for the first nine months of 2026 were $44.4 million, compared to $52.6 million in the first nine months of 2025, a decline of 15.7% year over year.GAAP operating loss for the first nine months of 2026 was $2.5 million, or (5.6%) of revenue, compared to GAAP operating income of $5.6 million, or 10.7% of revenue, for the first nine months of 2025.Non-GAAP operating income for the first nine months of 2026 was $2.3 million, or 5.1% of revenue, compared to non-GAAP operating income of $10.4 million, or 19.8% of revenue, for the first nine months of 2025.GAAP net income for the first nine months of 2026 was $0.4 million, or $0.02 per diluted share, compared to GAAP net income of $8.3 million, or $0.50 per diluted share, for the first nine months of 2025.Non-GAAP net income for the first nine months of 2026 was $5.1 million, or $0.30 per diluted share, compared to non-GAAP net income of $13.2 million, or $0.79 per diluted share, for the first nine months of 2025.
Recent Highlights:
In the third quarter, VNPT (Vietnam Posts and Telecommunications Group), one of Vietnam’s largest telecom operators with over 30 million subscribers, selected RADCOM to provide AI-native, cloud-native service assurance for its roaming network. Following a competitive request for proposal (RFP) process, RADCOM will replace VNPT’s incumbent assurance vendor, deploying the cloud-native RADCOM ACE platform across multiple cloud environments with AI and machine learning (ML)-based anomaly detection to recognize issues before they affect the customer experience.RADCOM booked a multi-year contract with new customer CETIN Networks in Slovakia in the third quarter to deploy end-to-end, AI-driven assurance across its mobile network, from the radio access network (RAN) to the core, replacing the incumbent assurance provider. CETIN Networks is part of CETIN International and the wider e& PPF Telecom Group, which together serve more than 12 million customers across four countries.In September 2026, RADCOM’s Board of Directors authorized a share repurchase program of up to $20 million of the Company’s ordinary shares, expected to remain in effect for up to 18 months. No shares were repurchased during the third quarter, and the Company expects to begin repurchases at management’s discretion, after the current earnings-related blackout period ends.
Outlook
RADCOM reaffirms its revised full-year 2026 revenue outlook of $57 to $63 million, with a midpoint of $60 million, as announced on July 30, 2026.
Conference Call and Webcast
RADCOM’s management will host an interactive conference call on Wednesday, November 11, 2026, at 8:00 a.m. Eastern Time (3:00 p.m. Israel Time) to discuss the results and answer questions.
Conference call details:
Date / Time: Wednesday, November 11, 2026, at 8:00 a.m. Eastern Time / 3:00 p.m. Israel Time
USA Toll-Free: 1-866-652-8972
USA Toll-Free (alternate): 1-800-994-4498
Local Access: 03-9180609
Webcast (live and replay): https://www.veidan-conferencing.com/radcom
An archived replay of the call will be available on the RADCOM website following the live event.
About RADCOM
RADCOM (Nasdaq: RDCM) is a leading provider of advanced, intelligent assurance solutions with integrated AI Operations (AIOps) capabilities. Its flagship platform, RADCOM ACE, harnesses AI-driven analytics and generative AI (GenAI) to improve customer experiences. From lab testing to full-scale deployment, RADCOM utilizes cutting-edge networking technologies to capture and analyze real-time data. Its advanced 5G portfolio delivers end-to-end network observability, from the radio access network (RAN) to the core.
Designed to be open, vendor-neutral, and cloud-agnostic, RADCOM’s solutions drive next-generation network automation, optimization, and efficiency. By leveraging AI-powered intelligence, RADCOM reduces operational costs, enables predictive customer insights, and seamlessly integrates with business support systems (BSS), operations support systems (OSS), and service management platforms. Offering a complete, real-time view of mobile and fixed networks, RADCOM empowers telecom operators to ensure exceptional service quality, enhance user experiences, and build customer-centric networks.
For all investor inquiries, please contact:
Investor Relations:
Rob Fink or Joey Delahoussaye
FNK IR
rdcm@fnkir.com
646-809-4048 / 312-809-1087
Company Contact:
Hod Cohen
CFO
+972-3-645-5055
hod.cohen@radcom.com
Non-GAAP Information
Certain non-GAAP financial measures are included in this press release. These non-GAAP financial measures are provided to enhance the reader’s overall understanding of the Company’s financial performance. By excluding non-cash stock-based compensation that has been expensed in accordance with ASC Topic 718, financial income (expenses) and amortization of intangible assets related to acquisitions, the Company’s non-GAAP results provide information to both management and investors that is useful in assessing the Company’s core operating performance and in evaluating and comparing the Company’s results of operations on a consistent basis from period to period. These non-GAAP financial measures are also used by management to evaluate financial results and to plan and forecast future periods. The presentation of this additional information is not meant to be considered a substitute for the corresponding financial measures prepared in accordance with GAAP.
Risks Regarding Forward-Looking Statements
Certain statements made herein that use words such as “estimate,” “project,” “intend,” “expect,” “believe,” “may,” “might,” “potential,” “anticipate,” “plan” or similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. For example, when the Company discusses its full-year 2026 revenue outlook; the timing of customer deployments generally; continued investment by operators in their networks; the strength of its customer relationships building long-term value for shareholders and its investments in RADCOM ACE and its agentic AI roadmap; potential partnerships and targeted acquisitions and the initiation, timing, amount and duration of repurchases of its shares under its share repurchase program, it is using forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties that could cause the actual results, performance, or achievements of the Company to be materially different from those that may be expressed or implied by such statements, including, among others, changes in general economic and business conditions and specifically, decline in demand for the Company’s products, delays in or cancellation of customer deployments, dependence on a limited number of customers, inability to timely develop and introduce new technologies, products, and applications, including AI-based capabilities, loss of market share and pressure on prices resulting from competition, market conditions, share price and other factors affecting whether and when the Company repurchases shares, and the effects of the conflict in Israel. For additional information regarding these and other risks and uncertainties associated with the Company’s business, reference is made to the Company’s reports filed from time to time with the U.S. Securities and Exchange Commission. The Company does not undertake to revise or update any forward-looking statements for any reason, except as required by law.
RADCOM Ltd.
Consolidated Statements of Operations
Unaudited
(thousands of U.S. dollars, except share and per share data)
Three months ended
September 30,
Nine months ended
September 30,
2026
2025
2026
2025
Revenues
$ 14,041
$ 18,388
$ 44,386
$ 52,637
Cost of revenues
3,817
4,364
11,260
12,823
Gross profit
10,224
14,024
33,126
39,814
Research and development, gross
5,355
5,119
16,754
14,832
Less – royalty-bearing participation
–
189
113
214
Research and development, net
5,355
4,930
16,641
14,618
Sales and marketing
4,076
5,144
14,224
14,944
General and administrative
1,686
1,535
4,734
4,635
Total operating expenses
11,117
11,609
35,599
34,197
Operating (loss) income
(893)
2,415
(2,473)
5,617
Financial income, net
1,493
1,163
3,513
3,076
Income before taxes on income
600
3,578
1,040
8,693
Taxes on income
159
107
636
344
Net income
$ 441
$ 3,471
$ 404
$ 8,349
Basic net income per ordinary share
$ 0.03
$ 0.21
$ 0.02
$ 0.52
Diluted net income per ordinary share
$ 0.03
$ 0.21
$ 0.02
$ 0.50
Weighted average number of
ordinary shares used in computing basic
net income per ordinary share
17,008,033
16,357,554
16,842,641
16,183,572
Weighted average number of
ordinary shares used in computing
diluted net income per ordinary share
17,300,951
16,923,983
17,225,321
16,766,553
(*) Less than $ 0.01
RADCOM LTD.
Reconciliation of GAAP to Non-GAAP Financial Information
Unaudited
(thousands of U.S. dollars, except share and per share data)
Three months ended
Nine months ended
September 30,
September 30,
2026
2025
2026
2025
GAAP gross profit
$ 10,224
$ 14,024
$ 33,126
$ 39,814
Stock-based compensation
88
99
267
298
Amortization of intangible assets
57
57
168
168
Non-GAAP gross profit
$ 10,369
$ 14,180
$ 33,561
$ 40,280
GAAP research and development, net
$ 5,355
$ 4,930
$ 16,641
$ 14,618
Stock-based compensation
437
421
1,385
1,308
Non-GAAP research and development, net
$ 4,918
$ 4,509
$ 15,256
$ 13,310
GAAP sales and marketing
$ 4,076
$ 5,144
$ 14,224
$ 14,944
Stock-based compensation
521
504
1,634
1,709
Amortization of intangible assets
29
29
87
86
Non-GAAP sales and marketing
$ 3,526
$ 4,611
$ 12,503
$ 13,149
GAAP general and administrative
$ 1,686
$ 1,535
$ 4,734
$ 4,635
Stock-based compensation
450
323
1,183
1,244
Non-GAAP general and administrative
$ 1,236
$ 1,212
$ 3,551
$ 3,391
GAAP total operating expenses
$ 11,117
$ 11,609
$ 35,599
$ 34,197
Stock-based compensation
1,408
1,248
4,202
4,261
Amortization of intangible assets
29
29
87
86
Non-GAAP total operating expenses
$ 9,680
$ 10,332
$ 31,310
$ 29,850
GAAP operating (loss) income
$ (893)
$ 2,415
$ (2,473)
$ 5,617
Stock-based compensation
1,496
1,347
4,469
4,559
Amortization of intangible assets
86
86
255
254
Non-GAAP operating income
$ 689
$ 3,848
$ 2,251
$ 10,430
RADCOM LTD.
Reconciliation of GAAP to Non-GAAP Financial Information
Unaudited
(thousands of U.S. dollars, except share and per share data)
Three months ended
September 30,
Nine months ended
September 30,
2026
2025
2026
2025
GAAP income before taxes on income
$ 600
$ 3,578
$ 1,040
$ 8,693
Stock-based compensation
1,496
1,347
4,469
4,559
Amortization of intangible assets
86
86
255
254
Financial (income) expenses, net
(90)
22
19
49
Non-GAAP income before taxes on income
$ 2,092
$ 5,033
$ 5,783
$ 13,555
GAAP net income
$ 441
$ 3,471
$ 404
$ 8,349
Stock-based compensation
1,496
1,347
4,469
4,559
Amortization of intangible assets
86
86
255
254
Financial (income) expenses, net
(90)
22
19
49
Non-GAAP net income
$ 1,933
$ 4,926
$ 5,147
$ 13,211
GAAP net income per diluted share
$ 0.03
$ 0.21
$ 0.02
$ 0.50
Stock-based compensation
0.09
0.07
0.27
0.27
Amortization of intangible assets
(*)
0.01
0.01
0.02
Financial (income) expenses, net
(0.01)
(*)
(*)
(*)
Non-GAAP net income per diluted share
$ 0.11
$ 0.29
$ 0.30
$ 0.79
Weighted average number of shares used to compute diluted
net income per share
17,300,951
16,923,983
17,225,321
16,766,553
(*) Less than $ 0.01
RADCOM Ltd.
Consolidated Balance Sheets
Unaudited
(thousands of U.S. dollars)
As of
As of
September 30, 2026
December 31, 2025
Current Assets
Cash and cash equivalents
$ 13,991
$ 30,486
Short-term bank deposits
97,449
79,437
Trade receivables, net
19,745
20,245
Inventories
549
318
Other accounts receivable and prepaid expenses
2,587
2,036
Total Current Assets
134,321
132,522
Non-Current Assets
Severance pay fund
3,297
3,431
Other long-term receivables
3,417
2,866
Property and equipment, net
1,242
988
Operating lease right-of-use assets
2,135
2,898
Goodwill and intangible assets, net
2,013
2,269
Total Non-Current Assets
12,104
12,452
Total Assets
$ 146,425
$ 144,974
Liabilities and Shareholders’ Equity
Current Liabilities
Trade payables
$ 2,676
$ 2,632
Deferred revenues and advances from customers
1,062
1,100
Employee and payroll accruals
4,405
7,325
Operating lease liabilities
1,141
1,099
Other liabilities and accrued expenses
10,587
10,872
Total Current Liabilities
19,871
23,028
Non-Current Liabilities
Accrued severance pay
4,581
4,790
Operating lease liabilities
1,329
2,135
Other liabilities and accrued expenses
1,164
916
Total Non-Current Liabilities
7,074
7,841
Total Liabilities
$ 26,945
$ 30,869
Shareholders’ Equity
Share capital
$ 839
$ 809
Additional paid-in capital
172,151
167,172
Accumulated other comprehensive loss
(2,961)
(2,923)
Accumulated deficit
(50,549)
(50,953)
Total Shareholders’ Equity
119,480
114,105
Total Liabilities and Shareholders’ Equity
$ 146,425
$ 144,974
View original content:https://www.prnewswire.com/news-releases/radcom-reports-third-quarter-2026-results-302936352.html
SOURCE RADCOM Ltd.
Technology
IBM Quantum Nighthawk Demonstrates New Levels of Speed and Quality, with Plans to Scale Beyond 1,000 Qubits in 2027
Published
15 seconds agoon
November 11, 2026By
New Nighthawk r3 processor will be built to execute 10,000 quantum operations, enabling larger and more complex computations as IBM advances its roadmap toward fault tolerance
Clients and partners including E.ON, Algorithmiq, and Q-CTRL have run more than 34 billion circuits on Nighthawk r2, reporting speedups of up to 19x beyond previous IBM quantum processors
Enhanced IBM Quantum Platform unites quantum with classical computing in one environment
YORKTOWN HEIGHTS, N.Y., Nov. 11, 2026 /PRNewswire/ — IBM (NYSE: IBM) today announced IBM Quantum Nighthawk r3, its next-generation processor, will be built to accurately execute 10,000 quantum operations across 520 qubits to tackle larger, more complex problems while maintaining the speed and quality demonstrated by the current generation Nighthawk available today.
In 2027, IBM plans to link two Nighthawk r3 processors into a single system with more than 1,000 qubits.
To be at the frontier of quantum computing, industry-relevant applications demand both computational quality and speed. Speed matters because a quantum computer delivers its answer in samples: each run of a quantum circuit returns one result. Applications increasingly require circuits executing thousands of quantum operations on approximately 100 qubits or more, generating millions to billions of samples. Scale and quality enable increasingly complex computations, but speed determines whether these demanding workloads can be completed in practical timeframes and at a reasonable cost.
“Useful quantum computing hinges on whether results can be delivered with accuracy and speed, both are fundamental,” said Jay Gambetta, Director of IBM Research and IBM Fellow. “Nighthawk is already showing us what that looks like today. As we scale this architecture to larger and more powerful quantum computers, the capabilities of quantum computation will reach new levels as we integrate more closely with classical resources and march ahead to fault tolerance.”
Nighthawk r2: Delivering Speed for Real-World Workloads
Introduced in September, IBM Quantum Nighthawk r2 delivers up to 100,000 samples per second while supporting accurate computations with more than 7,500 quantum operations on 120 qubits. Its high-speed qubit reset technology dramatically reduces the time between circuit executions, enabling applications to collect the millions or billions of samples needed for complex computations far more efficiently.
Clients and partners including E.ON, Algorithmiq, and Q-CTRL have executed 34 billion circuits on Nighthawk r2 to date, reporting performance improvements of up to 19x while maintaining the quality needed for scientific computation.
The results are already demonstrating value across industries. E.ON reported a 15x speedup on Nighthawk r2 in quantum machine learning for energy grid optimization. IBM used Nighthawk r2 for a 12x speedup of an experiment ran earlier this year with Oak Ridge National Laboratory, which simulated real magnetic materials and produced results consistent with neutron scattering experiments. Both of these speedups were achieved over previous work on IBM Quantum Heron. Quantum Elements and ParityQC are also among the partners reporting significant performance improvements on their own Nighthawk r2 workloads.
The quantum advantage experiments IBM and its partners published in July were first run on IBM Quantum Heron, with circuits and results openly available for independent testing through the community-led Quantum Advantage Tracker. An experiment with Algorithmiq to simulate a heterogeneous quantum material has now been extended to Nighthawk r2, leveraging its speed and connectivity to execute circuits 8 times faster than the original experiment on Heron. At the same time, the new circuits are significantly more challenging for classical computers to simulate, requiring an estimated 240 times more memory to achieve comparable accuracy when using leading classical tensor-network methods.
Nighthawk r3: Scaling to More Than 1,000 Qubits
Building on the performance demonstrated by Nighthawk r2, Nighthawk r3 will extend the same high-speed architecture to larger quantum computers. The new processor is designed to support 10,000 quantum operations on 520 programmable qubits, with 2,034 total physical qubits. It retains r2’s square-lattice connectivity and fast operations while introducing 10 chip-to-chip interconnects, called l-couplers, designed to connect processors into larger systems.
IBM has already demonstrated two critical technologies that enable this modular approach. This year, IBM connected Nighthawk r1 processors using four l-couplers, achieving 99.3 percent quantum state transfer fidelity and progressing toward its 99.9 percent target. IBM also connected two cryogenic modules into a single system for the first time, reaching operating temperature in under five days and cooling below 15 millikelvin.
Together, these advances demonstrate critical progress in modularity and provide confidence in IBM’s ability to scale Nighthawk to larger quantum computers. In 2027, IBM plans to connect two Nighthawk r3 processors into a single 1,040-qubit system, extending its high-performance architecture to larger and more complex computations.
Quantum Meets Classical on the IBM Quantum Platform
Advancing quantum computers requires continued progress in how they work alongside classical compute to handle errors. Industry-relevant workloads will demand layers of quantum error correction and error mitigation techniques alongside noise learning and post-processing. As quantum workloads scale, they will call for more classical resources, and the challenge now is how to best scale this integration.
To unite these paradigms, IBM Quantum Platform is bringing high-performance (HPC) classical and quantum computing together into a single managed environment. Users can now integrate quantum workflows directly with a range of classical compute – whether from their laptop or a powerful supercomputer – or with the HPC and classical resources that are newly available on the platform.
Users are seeing promising results from these integrations. For example, using the new environment, IBM and RIKEN* scientists executed their original sample-based quantum diagonalization (SQD) workflow roughly 5 times faster while performing 100 times more computations than in the original study. Cleveland Clinic and RIKEN also leveraged the platform to automatically process 608 million samples for modeling biologically relevant structures, 33 times faster than without workflow automation.
Enhanced capabilities will also fuel breakthroughs in quantum error correction. IBM Quantum Platform offers pulse-level capabilities to give researchers precise control over how they can detect, understand, and better correct errors within quantum and classical architectures. This helps them better time operations, reset qubits faster, and extract more information from quantum measurements – giving researchers the visibility to improve error correction at its most fundamental levels.
IBM recently launched a new co-design platform for quantum error correction with Oak Ridge National Laboratory and AMD that physically co-locates Nighthawk with ORNL’s Umbra High-Performance Computing (HPC) system, powered by AMD Instinct™ MI355X GPUs and 5th Gen AMD EPYC™ CPUs.
About IBM
IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.
For more information, visit https://research.ibm.com.
Media contacts:
Brittany Forgione
IBM
Brittany.forgione@ibm.com
Erin Angelini
IBM
edlehr@us.ibm.com
* This project is supported by NEDO (New Energy and Industrial Technology Development Organization), an organization under the jurisdiction of Japan’s Ministry of Economy, Trade and Industry (METI)’s “Research and Development of Quantum-Supercomputers Hybrid Platform for Exploration of Uncharted Computable Capabilities” (Project Leader: Mitsuhisa Sato) as part of the “Project for Research and Development of Enhanced Infrastructures for Post 5G Information and Communications Systems (JPNP20017).”
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/ibm-quantum-nighthawk-demonstrates-new-levels-of-speed-and-quality-with-plans-to-scale-beyond-1-000-qubits-in-2027–302935846.html
Technology
NewDay USA Honors Veterans Day with $1 Million Donation to Support New Fisher House in West Palm Beach
Published
17 seconds agoon
November 11, 2026By
Gift supports a larger, 16-suite house for Veteran families, building on NewDay’s year-round commitment to serving those who have served
WEST PALM BEACH, Fla., Nov. 11, 2026 /PRNewswire/ — This Veterans Day, NewDay USA, a national mortgage lending company serving the Veteran community, announced its $1 million donation to Fisher House Foundation in support of the new Fisher House at the West Palm Beach VA Medical Center. The gift supports construction of a larger, more accessible facility where Veteran families can stay close to their loved ones during medical care, at no cost to them.
“Helping Veterans and Service Members achieve the American Dream of homeownership is at the heart of NewDay’s mission, but our commitment to those who have served extends well beyond that,” said Rob Posner, CEO of NewDay USA. “When a Veteran needs medical care, their family should be able to focus on being there for them, not worrying about the cost of where they stay. It is our privilege to support Fisher House and help more military families stay together when they need each other the most.”
The new Fisher House will replace the smaller existing house on the VA campus, expanding to 16 fully wheelchair-accessible suites. The original facility lacks an elevator and full accessibility, limiting its ability to accommodate some families with mobility needs. The new house will provide both greater capacity and more accessible accommodations to better meet the needs of the Veteran community.
“More space and fully accessible suites mean we can welcome more families and better meet their needs,” said David Coker, President of Fisher House Foundation. “We are grateful to NewDay USA for helping make this new Fisher House possible and for the employees who give their time to support our guests throughout the year. Their generosity will help more families focus on what matters most: being there for a loved one receiving care.”
The donation builds on NewDay’s ongoing involvement with the West Palm Beach VA Medical Center and Fisher House. NewDay employees regularly volunteer at both facilities and serve dinner at Fisher House each month, offering a warm meal and a welcoming connection to families spending time away from home.
“On Veterans Day and every day, we have a responsibility to honor the service and sacrifice of our nation’s Veterans and the families who stand beside them,” said Admiral Thomas Lynch, Executive Chairman of NewDay USA. “Supporting Fisher House is a meaningful way to put that gratitude into action. Whether we are helping build this new house or serving dinner to the families staying there, our message is the same: your service is remembered, and you are not alone.”
About NewDay USA
A leader in Veteran mortgage lending for more than 25 years, NewDay USA has proudly served more than 100,000 Veteran families nationwide. From buying a new home to refinancing, NewDay’s goal is to ensure Veteran families improve their credit and get back on the road to savings to live the lives they always imagined and deserve.
NewDay has an industry-leading Government National Mortgage Association (GNMA) record of loan performance with a delinquency rate that is two times lower than the industry average. Today, 95 percent of NewDay USA’s clients are enlisted Veterans. For additional information, visit www.newdayusa.com.
View original content:https://www.prnewswire.com/news-releases/newday-usa-honors-veterans-day-with-1-million-donation-to-support-new-fisher-house-in-west-palm-beach-302936159.html
SOURCE NewDay USA
RADCOM Reports Third Quarter 2026 Results
IBM Quantum Nighthawk Demonstrates New Levels of Speed and Quality, with Plans to Scale Beyond 1,000 Qubits in 2027
NewDay USA Honors Veterans Day with $1 Million Donation to Support New Fisher House in West Palm Beach
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