The strong EPS beat and raised guidance, combined with continued aggressive buybacks, support a bullish read. Watch for the full-year guidance details in the earnings supplement and the 10-Q for segment-level margin trends, especially the Consulting decline.
Price Chart
Executive Summary
Gartner reported Q2 2026 results with GAAP diluted EPS of $4.14 (+33.1% YoY) and Adjusted EPS of $4.37 (+23.8% YoY), both ahead of expectations, while total revenue declined 0.6% YoY to $1.676B. The company raised full-year Adjusted EBITDA, Adjusted EPS, and free cash flow guidance despite a stronger dollar, and the Board authorized an additional $500M share repurchase.
Key Financial Metrics
Key Facts
- Q2 2026 GAAP diluted EPS $4.14, +33.1% YoY; Adjusted EPS $4.37, +23.8% YoY
- Total revenues $1.676B, -0.6% as reported, -1.6% FX neutral; Adjusted revenues $1.676B, +2.8% as reported, +1.8% FX neutral
- Net income $275M, +14.4% YoY
- Adjusted EBITDA excluding divested operation $466M, +6.4% as reported, +4.4% FX neutral
- Operating cash flow $398M, +3.8%; free cash flow $378M, +8.9%
- Contract Value FX Neutral $5.3B, +0.3% sequentially, +1.7% YoY
- Repurchased 3.6M common shares for $547M in Q2
- Board increased share repurchase authorization by $500M in July 2026; prior authorization had ~$640M remaining
- Raised full-year Adjusted EBITDA excluding divested operation, Adjusted EPS, and free cash flow guidance
- Insights segment revenue $1.290B, +2.1% YoY; Conferences $244M, +15.5%; Consulting $142M, -8.8%
Financial Impact
Q2 2026 revenue $1.676B (-0.6% YoY), GAAP EPS $4.14, Adjusted EPS $4.37; net income $275M; free cash flow $378M; additional $500M buyback authorization
Risk Factors
- Total revenue declined 0.6% YoY, driven by the divested Digital Markets operation and FX headwinds
- Consulting segment revenue declined 8.8% YoY, indicating continued softness
- Stronger dollar could pressure future FX-neutral growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000749251-26-000243 |
| Document: it-20260730.htm | 0000749251-26-000243 |
| Document: 0000749251-26-000243-index-headers.html | 0000749251-26-000243 |
| Document: 0000749251-26-000243-index.html | 0000749251-26-000243 |
| Document: 0000749251-26-000243.txt | 0000749251-26-000243 |
| 8-K Data (Synthetic) | 0000749251-26-000243 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 12, 2026 7w ago | Insider Cluster | $179.46 $170.62 | ▼ −4.93% | ▼ −3.03% | $186.33 (+3.83%) |
Aug 11, 2026 7w ago | Insider Cluster | $187.27 $169.69 | ▼ −9.39% | ▼ −8.33% | $186.33 (−0.50%) |
Aug 4, 2026 8w ago | 8-K | $185.79 $189.93 | ▲ +2.23% | ▲ +3.47% | $186.33 (+0.29%) |
May 5, 2026 21w ago | 8-K | $148.86 $170.62 | ▲ +14.62% | ▲ +9.67% | $186.33 (+25.18%) |
Apr 15, 2026 24w ago | DEFA14A | $155.32 $144.46 | ▼ −6.99% | ▼ −12.80% | $186.33 (+19.97%) |
US Market Status
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