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Globant Reports 2026 Second Quarter Financial Results

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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

 

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SOURCE Globant

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Technology

RADCOM Reports Third Quarter 2026 Results

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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.

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IBM Quantum Nighthawk Demonstrates New Levels of Speed and Quality, with Plans to Scale Beyond 1,000 Qubits in 2027

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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).”

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NewDay USA Honors Veterans Day with $1 Million Donation to Support New Fisher House in West Palm Beach

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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

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