Israel's Global-e slightly beats Q1 revenue estimates, raises FY guidance

Overview

• Israel e-commerce platform's Q1 revenue rose 33% yr/yr, slightly beating analyst expectations

• Adjusted EBITDA margin expanded to 19.9%, up 330 bps yr/yr

• Company executed $59 mln in share repurchases and raised full-year 2026 guidance

Outlook

• Global-e sees Q2 2026 GMV between $1.945 bln and $1.985 bln

• Company raises FY 2026 GMV guidance to $8.53 bln-$8.88 bln

• Global-e expects FY 2026 revenue of $1.22 bln-$1.28 bln

Result Drivers

• VOLUME GROWTH - Co said strong GMV growth was driven by increased volume from both existing and newly launched merchants

• MARGIN EXPANSION - Adjusted EBITDA margin rose due to operating leverage in the business model, per CEO Amir Schlachet

• MERCHANT AND PRODUCT EXPANSION - Co cited increased adoption by enterprise brands across regions and ongoing rollout of new offerings, including Duty Drawback and Shopify Managed Markets Version 2.0

Company press release: ID:nGNX5J4sB0

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the online services peer group is "buy"

• Wall Street's median 12-month price target for Global-E Online Ltd is $45.55, about 50.7% above its May 12 closing price of $30.23

• The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 37 three months ago

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