Analyst Consensus ?
ConsensusHold18 ratings
Bullish527.8%
Neutral1055.5%
Bearish316.7%
Gartner, Inc. · IT · FY2025 Q4 · Calendar Q1 2026
Gartner Q4 Beat Highlights AI Transformation and 2026 CV Acceleration
The supplied evidence is supportive but not conclusive for a durable growth thesis: Gartner beat Q4 expectations, is investing in AI-enabled products and expects contract-value acceleration in 2026, while demand timing, margin pressure and AI substitution remain important tests.
Reported Before market openNYSETechnology
$12.44B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$3.94
Consensus $3.50
EPS surprise
+12.6%
Reported versus consensus
Reported revenue
$1.75B
Consensus $1.75B
Revenue surprise
+0.2%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-20.9%
Event window
SPY move
-0.8%
Same window
Abnormal move
-20.0%
Stock minus SPY
Volume
6.8×
Versus trailing sessions
Subsequent drift
+4.2%
Up to 20 sessions
ITSPY benchmark
Ask FN2 about IT FY2025 Q4
Transcript, numbers and history already loaded
Why did IT fall 20.9% after beating EPS estimates in FY2025 Q4?What changed in IT's guidance and outlook in FY2025 Q4?Give me the bull and bear case for IT after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Q4 results beat consensus and management maintained FY2026 guidance. Relative to the prior quarter, the emphasis shifted from a raised outlook to execution of the AI transformation, Digital Markets divestiture and expected 2026 contract-value acceleration.
Guidance delta
FY2026 guidance was maintained; management still expects contract-value growth to accelerate, particularly outside the U.S. federal market.
Key takeaways
- Q4 2025 results exceeded consensus, with reported EPS of $3.94 versus $3.50 estimated and revenue of $1.753 billion versus $1.749 billion estimated.
- Management is using AI and automation to improve the impact, volume, timeliness and user experience of its insights.
- AskGartner, the AI insights library and destination conferences are central to the engagement strategy.
- The Digital Markets divestiture sharpens the focus on Gartner's core insights business.
Management priorities
- Scale AskGartner and role-specific insight delivery.
- Invest in analyst talent, AI tools and sales enablement.
- Expand destination conferences and C-level community events globally.
- Continue shareholder-value actions, including buybacks and potential tuck-in acquisitions.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$185.85Previous close
$120Low
$249.3Average
$565High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Sep 30, 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 |
|---|---|---|---|---|
| BMO Capital | Market Perform | Market Perform | Maintain | Aug 18, 2026 |
| Wells Fargo | Underweight | Underweight | Maintain | Aug 5, 2026 |
| UBS | Neutral | Neutral | Maintain | Aug 5, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Aug 5, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Aug 5, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jul 10, 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 previous close $185.85. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Joshua Chan | $196 | $169.3 | +5.5% | Sep 10, 2026 |
| BMO Capital | Analyst unavailable | $206 | $179.19 | +10.8% | Aug 18, 2026 |
| Truist Financial | Jasper Bibb | $205 | $189.74 | +10.3% | Aug 5, 2026 |
| Morgan Stanley | Analyst unavailable | $177 | $191.94 | -4.8% | Aug 5, 2026 |
| RBC Capital | Analyst unavailable | $164 | $185.79 | -11.8% | Aug 5, 2026 |
| Morgan Stanley | Toni Kaplan | $173 | $132.69 | -6.9% | Jul 10, 2026 |
| Wells Fargo | Jason Haas | $120 | $129.18 | -35.4% | Jun 24, 2026 |
| UBS | Joshua Chan | $164 | $148.81 | -11.8% | Jun 12, 2026 |
| UBS | Analyst unavailable | $170 | $151.18 | -8.5% | May 6, 2026 |
| Morgan Stanley | Analyst unavailable | $183 | $150.48 | -1.5% | May 6, 2026 |
| RBC Capital | Analyst unavailable | $160 | $151.06 | -13.9% | May 6, 2026 |
| Goldman Sachs | Analyst unavailable | $162 | $149.49 | -12.8% | May 5, 2026 |
| Goldman Sachs | Analyst unavailable | $171 | $150.55 | -8.0% | Apr 27, 2026 |
| Barclays | Analyst unavailable | $150 | $142.22 | -19.3% | Apr 10, 2026 |
| Wells Fargo | Analyst unavailable | $140 | $155.42 | -24.7% | Mar 27, 2026 |
| Truist Financial | Jasper Bibb | $170 | $156.18 | -8.5% | Feb 6, 2026 |
| Goldman Sachs | George Tong | $220 | $157.83 | +18.4% | Feb 5, 2026 |
| BMO Capital | Analyst unavailable | $188 | $157.83 | +1.2% | Feb 5, 2026 |
| Barclays | Analyst unavailable | $180 | $157.83 | -3.1% | Feb 5, 2026 |
| UBS | Analyst unavailable | $180 | $155.7 | -3.1% | Feb 4, 2026 |
| RBC Capital | Analyst unavailable | $175 | $157.62 | -5.8% | Feb 4, 2026 |
| Robert W. Baird | Analyst unavailable | $240 | $160.16 | +29.1% | Feb 4, 2026 |
| Deutsche Bank | Analyst unavailable | $204 | $160.16 | +9.8% | Feb 4, 2026 |
| UBS | Analyst unavailable | $270 | $250.27 | +45.3% | Jan 9, 2026 |
| Morgan Stanley | Analyst unavailable | $275 | $255.54 | +48.0% | Dec 17, 2025 |
| Truist Financial | Jasper Bibb | $300 | $233.69 | +61.4% | Nov 26, 2025 |
| UBS | Joshua Chan | $256 | $230.24 | +37.7% | Nov 25, 2025 |
| BMO Capital | Jeffery Silber | $254 | $233.9 | +36.7% | Nov 5, 2025 |
| Barclays | Analyst unavailable | $260 | $227.17 | +39.9% | Nov 5, 2025 |
| Wells Fargo | Jason Haas | $231 | $252.7 | +24.3% | Oct 29, 2025 |
| Barclays | Analyst unavailable | $270 | $258.17 | +45.3% | Oct 22, 2025 |
| Morgan Stanley | Analyst unavailable | $307 | $244.3 | +65.2% | Oct 13, 2025 |
| UBS | Joshua Chan | $280 | $256.98 | +50.7% | Oct 6, 2025 |
| UBS | Joshua Chan | $525 | $432.92 | +182.5% | May 7, 2025 |
| Wells Fargo | Jason Haas | $400 | $419.6 | +115.2% | May 1, 2025 |
| UBS | Joshua Chan | $500 | $421.76 | +169.0% | Mar 25, 2025 |
| Morgan Stanley | Toni Kaplan | $528 | $520.68 | +184.1% | Oct 10, 2024 |
| Robert W. Baird | Jeffrey Meuler | $565 | $513.42 | +204.0% | Sep 20, 2024 |
| BMO Capital | Jeffrey Silber | $510 | $504.03 | +174.4% | Jul 31, 2024 |
| Robert W. Baird | Jeffrey Meuler | $517 | $412.59 | +178.2% | May 1, 2024 |
| Morgan Stanley | Toni Kaplan | $440 | $416.31 | +136.8% | Apr 30, 2024 |
| Deutsche Bank | Faiza Alwy | $507 | $463.59 | +172.8% | Apr 16, 2024 |
| UBS | Joshua Chan | $550 | $463.78 | +195.9% | Apr 11, 2024 |
| Wells Fargo | Analyst unavailable | $387 | $344.96 | +108.2% | Feb 8, 2023 |
| Wells Fargo | Analyst unavailable | $370 | $334.6 | +99.1% | Jan 13, 2023 |
| Morgan Stanley | Analyst unavailable | $342 | $336.52 | +84.0% | Jan 4, 2023 |
| Barclays | Analyst unavailable | $350 | $356.27 | +88.3% | Dec 2, 2022 |
| Morgan Stanley | Analyst unavailable | $339 | $330.88 | +82.4% | Nov 17, 2022 |
| Barclays | Analyst unavailable | $315 | $288.26 | +69.5% | Aug 4, 2022 |
| Morgan Stanley | Analyst unavailable | $300 | $292.77 | +61.4% | Aug 3, 2022 |
| Jefferies | Hamzah Mazari | $283 | $250.04 | +52.3% | May 23, 2022 |
| Morgan Stanley | Analyst unavailable | $316 | $270.37 | +70.0% | May 4, 2022 |
| Bank of America Securities | Heather Balsky | $340 | $302.66 | +82.9% | Apr 18, 2022 |
Track every rating change on IT the moment it posts. Free to start.
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 |
|---|---|---|---|---|
| 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 |
| SAIL SailPoint, Inc. | FY2027 Q2 · Calendar Q3 2026 | +13.8% | -1.2% | SailPoint pairs 25% ARR growth with accelerating AI-driven adoption |
| CIEN Ciena Corporation | FY2026 Q3 · Calendar Q3 2026 | +22.0% | -10.4% | Ciena raises outlook as AI networking demand lifts backlog |
| DOCU DocuSign, Inc. | FY2027 Q2 · Calendar Q3 2026 | +6.4% | +3.7% | DocuSign Q2 FY27: IAM momentum supports a raised outlook |
Latest beats and misses
Who reports nextBeat on EPS
- CCLFY2026 Q3 · September 29, 2026+5.9% EPS+13.4% move
- COSTFY2026 Q4 · September 24, 2026+3.2% EPS+2.9% move
- SNXFY2026 Q3 · September 24, 2026+20.9% EPS-9.9% move
- DRIFY2027 Q1 · September 24, 20260.0% EPS-3.0% move
- CTASFY2027 Q1 · September 23, 2026+3.0% EPS-3.4% move
- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
Get the IT recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-09-30T09:56:12.285745+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-30T09:56:12.282850+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 2026-09-30. For educational purposes only; not investment advice.