Agentic Workflows (AWs) have emerged as a promising paradigm for solving complex tasks. However, automatically generating high-quality AWs remains expensive because AW optimization requires evaluating a large number of candidate AWs via execution, resulting in high computational cost and latency. Recently, AW performance prediction has become a hot research topic to avoid costly execution-based evaluation, but existing methods primarily use Graph Neural Networks (GNNs) to model workflow structures and insufficiently capture the semantic relationships among agents. To address this limitation, we propose GLOW, a unified framework for AW performance prediction that combines the graph-structure modeling ability of GNNs with the topology-aware semantic encoding capability of LLMs. Specifically, a graph-oriented LLM is first built through instruction-tuning on graph understanding tasks to extract topology-aware semantic representations from descriptive text of AWs. Meanwhile, a GNN explicitly models the structural information of AWs and produces corresponding structural representations. The semantic and structural representations are then fused in a shared latent space using a Transformer-based fusion module. A contrastive learning strategy is further introduced to learn more discriminative representations for AWs. Experiments on the FLORA-Bench benchmark demonstrate that GLOW consistently outperforms state-of-the-art baselines in both prediction accuracy and ranking utility. Moreover, when integrated into the AFLOW, an automatic AW generation framework, GLOW reduces optimization time by 98.7% with only a 0.031 average score decrease across three datasets, showing its effectiveness as an efficient surrogate evaluator for AW optimization.

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