Analyst Consensus ?
ConsensusHold18 ratings
Bullish527.8%
Neutral1055.5%
Bearish316.7%
Gartner, Inc. · IT · FY2025 Q1 · Calendar Q2 2025
Gartner raises guidance as AI demand offsets federal pressure
The supplied analysis supports a cautiously constructive view: resilient contract-value growth, AI demand, and disciplined investment underpin the outlook, but federal exposure, macro uncertainty, FX, and AI execution remain important offsets.
Reported Before market openNYSETechnology
$12.80B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $2.72
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $1.53B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+1.4%
Event window
SPY move
-0.8%
Same window
Abnormal move
+2.2%
Stock minus SPY
Volume
1.5×
Versus trailing sessions
Subsequent drift
-1.7%
Up to 20 sessions
ITSPY benchmark
Ask FN2 about IT FY2025 Q1
Transcript, numbers and history already loaded
What drove IT's +1.4% move after FY2025 Q1 earnings?What changed in IT's guidance and outlook in FY2025 Q1?Give me the bull and bear case for IT after FY2025 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, guidance sentiment moved from maintained to raised, capex outlook moved from decreasing to increasing, and the company emphasized federal pressure alongside continued investment in AI, sales capacity, and conferences.
Guidance delta
Management raised full-year guidance modestly, targeting at least 4% FX-neutral revenue growth and a slight EBITDA-margin increase.
Key takeaways
- Management said Q1 2025 results exceeded expectations and free cash flow was $288 million.
- Contract value grew 7% year over year, supported by technology vendors and research, conferences, and consulting.
- U.S. federal business remains under pressure while non-federal sales capacity expands.
- AI remains a strategic priority, including a client tool planned after internal pilot completion.
Management priorities
- Expand sales capacity outside directly affected federal areas
- Complete the internal pilot and roll out AI-driven client tools
- Maintain expense discipline alongside share repurchases and tuck-in M&A
- Execute the planned in-person destination conferences
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$191.15Current
$120Low
$236.47Average
$565High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Oct 8, 2026 |
| UBS | Neutral | Neutral | Maintain | Oct 5, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Aug 18, 2026 |
| Wells Fargo | Underweight | Underweight | Maintain | Aug 5, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Aug 5, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Aug 5, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Apr 10, 2026 |
| Truist Securities | Buy | Buy | Maintain | Feb 6, 2026 |
| Baird | Outperform | Outperform | Maintain | Mar 21, 2025 |
| Deutsche Bank | Hold | Hold | Maintain | Nov 6, 2024 |
| B of A Securities | Buy | Buy | Maintain | Jul 31, 2024 |
| Bank of America | Buy | Buy | Maintain | Nov 4, 2019 |
| Cantor Fitzgerald | Neutral | Neutral | Maintain | May 8, 2019 |
| PiperJaffray | Underweight | Neutral | Downgrade | Nov 2, 2018 |
| Piper Sandler | Underweight | Neutral | Downgrade | Nov 2, 2018 |
| Credit Suisse | Outperform | Outperform | Maintain | Jul 31, 2015 |
| Stifel Nicolaus | Hold | Buy | Downgrade | Oct 24, 2014 |
| Stifel | Hold | Buy | Downgrade | Oct 24, 2014 |
Named analyst price targets
Upside is calculated against the persisted current price $191.15. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Analyst unavailable | $182 | $185.77 | -4.8% | Oct 8, 2026 |
| UBS | Joshua Chan | $208 | $184.8 | +8.8% | Oct 5, 2026 |
| UBS | Joshua Chan | $196 | $169.3 | +2.5% | Sep 10, 2026 |
| BMO Capital | Analyst unavailable | $206 | $179.19 | +7.8% | Aug 18, 2026 |
| Truist Financial | Jasper Bibb | $205 | $189.74 | +7.2% | Aug 5, 2026 |
| Morgan Stanley | Analyst unavailable | $177 | $191.94 | -7.4% | Aug 5, 2026 |
| RBC Capital | Analyst unavailable | $164 | $185.79 | -14.2% | Aug 5, 2026 |
| Morgan Stanley | Toni Kaplan | $173 | $132.69 | -9.5% | Jul 10, 2026 |
| Wells Fargo | Jason Haas | $120 | $129.18 | -37.2% | Jun 24, 2026 |
| UBS | Joshua Chan | $164 | $148.81 | -14.2% | Jun 12, 2026 |
| UBS | Analyst unavailable | $170 | $151.18 | -11.1% | May 6, 2026 |
| Morgan Stanley | Analyst unavailable | $183 | $150.48 | -4.3% | May 6, 2026 |
| RBC Capital | Analyst unavailable | $160 | $151.06 | -16.3% | May 6, 2026 |
| Goldman Sachs | Analyst unavailable | $162 | $149.49 | -15.2% | May 5, 2026 |
| Goldman Sachs | Analyst unavailable | $171 | $150.55 | -10.5% | Apr 27, 2026 |
| Barclays | Analyst unavailable | $150 | $142.22 | -21.5% | Apr 10, 2026 |
| Wells Fargo | Analyst unavailable | $140 | $155.42 | -26.8% | Mar 27, 2026 |
| Truist Financial | Jasper Bibb | $170 | $156.18 | -11.1% | Feb 6, 2026 |
| Goldman Sachs | George Tong | $220 | $157.83 | +15.1% | Feb 5, 2026 |
| BMO Capital | Analyst unavailable | $188 | $157.83 | -1.6% | Feb 5, 2026 |
| Barclays | Analyst unavailable | $180 | $157.83 | -5.8% | Feb 5, 2026 |
| UBS | Analyst unavailable | $180 | $155.7 | -5.8% | Feb 4, 2026 |
| RBC Capital | Analyst unavailable | $175 | $157.62 | -8.4% | Feb 4, 2026 |
| Robert W. Baird | Analyst unavailable | $240 | $160.16 | +25.6% | Feb 4, 2026 |
| Deutsche Bank | Analyst unavailable | $204 | $160.16 | +6.7% | Feb 4, 2026 |
| UBS | Analyst unavailable | $270 | $250.27 | +41.3% | Jan 9, 2026 |
| Morgan Stanley | Analyst unavailable | $275 | $255.54 | +43.9% | Dec 17, 2025 |
| Truist Financial | Jasper Bibb | $300 | $233.69 | +56.9% | Nov 26, 2025 |
| UBS | Joshua Chan | $256 | $230.24 | +33.9% | Nov 25, 2025 |
| BMO Capital | Jeffery Silber | $254 | $233.9 | +32.9% | Nov 5, 2025 |
| Barclays | Analyst unavailable | $260 | $227.17 | +36.0% | Nov 5, 2025 |
| Wells Fargo | Jason Haas | $231 | $252.7 | +20.8% | Oct 29, 2025 |
| Barclays | Analyst unavailable | $270 | $258.17 | +41.3% | Oct 22, 2025 |
| Morgan Stanley | Analyst unavailable | $307 | $244.3 | +60.6% | Oct 13, 2025 |
| UBS | Joshua Chan | $280 | $256.98 | +46.5% | Oct 6, 2025 |
| UBS | Joshua Chan | $525 | $432.92 | +174.7% | May 7, 2025 |
| Wells Fargo | Jason Haas | $400 | $419.6 | +109.3% | May 1, 2025 |
| UBS | Joshua Chan | $500 | $421.76 | +161.6% | Mar 25, 2025 |
| Morgan Stanley | Toni Kaplan | $528 | $520.68 | +176.2% | Oct 10, 2024 |
| Robert W. Baird | Jeffrey Meuler | $565 | $513.42 | +195.6% | Sep 20, 2024 |
| UBS | Joshua Chan | $580 | $504.03 | +203.4% | Jul 31, 2024 |
| Robert W. Baird | Jeffrey Meuler | $517 | $412.59 | +170.5% | May 1, 2024 |
| Morgan Stanley | Toni Kaplan | $440 | $416.31 | +130.2% | Apr 30, 2024 |
| Deutsche Bank | Faiza Alwy | $507 | $463.59 | +165.2% | Apr 16, 2024 |
| UBS | Joshua Chan | $550 | $463.78 | +187.7% | Apr 11, 2024 |
| Wells Fargo | Analyst unavailable | $387 | $344.96 | +102.5% | Feb 8, 2023 |
| Wells Fargo | Analyst unavailable | $370 | $334.6 | +93.6% | Jan 13, 2023 |
| Morgan Stanley | Analyst unavailable | $342 | $336.52 | +78.9% | Jan 4, 2023 |
| Barclays | Analyst unavailable | $350 | $356.27 | +83.1% | Dec 2, 2022 |
| Morgan Stanley | Analyst unavailable | $339 | $330.88 | +77.3% | Nov 17, 2022 |
| Barclays | Analyst unavailable | $315 | $288.26 | +64.8% | Aug 4, 2022 |
| Morgan Stanley | Analyst unavailable | $300 | $292.77 | +56.9% | Aug 3, 2022 |
| Jefferies | Hamzah Mazari | $283 | $250.04 | +48.1% | May 23, 2022 |
| Morgan Stanley | Analyst unavailable | $316 | $270.37 | +65.3% | May 4, 2022 |
| Bank of America Securities | Heather Balsky | $340 | $302.66 | +77.9% | Apr 18, 2022 |
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Start freeCompany context
Snapshot as of publicationGartner, Inc. functions as a premier research and advisory enterprise, extending its reach across the United States, Canada, Europe, the Middle East, Africa, and various international markets. Its operations are structured into three main divisions: Research, Conferences, and Consulting. The Research division primarily offers a subscription service, enabling on-demand access to extensive published studies, data, industry benchmarks, and direct consultations with its expert network. The Conferences segment provides a platform for business professionals to acquire new knowledge, share insights, and foster connections. Lastly, the Consulting segment furnishes clients with market research, bespoke analyses, and direct, on-site support services. This segment specifically addresses critical IT challenges, offering practical strategies for areas such as optimizing IT expenditures, managing digital transformation, and enhancing IT sourcing processes. Founded in 1979, Gartner, Inc. has its corporate base in Stamford, Connecticut.
Historical context
All IT earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| ACN Accenture plc | FY2026 Q4 · Calendar Q4 2026 | +3.5% | +15.8% | Accenture: AI demand supports strong Q4, while pricing and geopolitics remain risks |
| JBL Jabil Inc. | FY2026 Q4 · Calendar Q3 2026 | +8.1% | -10.0% | Jabil enters FY2027 with AI-led growth and capacity risks |
| MU Micron Technology, Inc. | FY2026 Q4 · Calendar Q3 2026 | +5.4% | +0.0% | Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead |
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-06-21T15:15:34.362296+00:00
- FN2 earnings calendar · 2025-04-23T21:30:17.997736+00:00
- Polygon adjusted daily market bars · 2026-10-11T18:50:44.431645+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-11T18:50:44.428782+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-11. For educational purposes only; not investment advice.