Analyst Consensus ?
ConsensusHold18 ratings
Bullish527.8%
Neutral1055.5%
Bearish316.7%
Gartner, Inc. · IT · FY2026 Q1 · Calendar Q2 2026
Gartner Beats on EPS, Raises Guidance as AI-Driven Engagement Accelerates
Gartner's Q1 2026 results show a company turning AI investment into measurable client engagement gains and operational leverage. Adjusted EPS of $3.32 beat consensus by 11% while free cash flow rose 29% YoY, even as revenue slightly missed at $1.51B versus $1.514B estimated. Management raised full-year guidance for EBITDA, adjusted EPS, and free cash flow, and the board increased buyback authorization to $1.2B with $535M repurchased in the quarter. The central question is whether contract value growth — 1% YoY overall but 3.5% ex-Federal — can accelerate through 2026 as management expects. Engagement metrics support that case: high-impact documents grew 22%, library volume 19%, and same-day insights more than doubled QoQ. AskGartner now spans 25 languages with PowerPoint generation. The bullish score rose from 70 to 82 quarter over quarter.
Reported Before market openNYSEIndustrials
$10.24B market cap
100quality score
Company 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.
Earnings scorecard
Reported versus consensus
Reported EPS
$3.32
Consensus $3
EPS surprise
+11.0%
Reported versus consensus
Reported revenue
$1.51B
Consensus $1.51B
Revenue surprise
-0.2%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$151.02Current
$120Low
$245.15Average
$565High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Jul 31, 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 | Jul 10, 2026 |
| Wells Fargo | Underweight | Underweight | Maintain | Jun 24, 2026 |
| UBS | Neutral | Neutral | Maintain | Jun 12, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | May 6, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Apr 28, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Apr 10, 2026 |
| Truist Securities | Buy | Buy | Maintain | Feb 6, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Nov 6, 2025 |
| 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 $151.02. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Toni Kaplan | $173 | $132.69 | +14.6% | Jul 10, 2026 |
| Wells Fargo | Jason Haas | $120 | $129.18 | -20.5% | Jun 24, 2026 |
| UBS | Joshua Chan | $164 | $148.81 | +8.6% | Jun 12, 2026 |
| UBS | Analyst unavailable | $170 | $151.18 | +12.6% | May 6, 2026 |
| Morgan Stanley | Analyst unavailable | $183 | $150.48 | +21.2% | May 6, 2026 |
| RBC Capital | Analyst unavailable | $160 | $151.06 | +5.9% | May 6, 2026 |
| Goldman Sachs | Analyst unavailable | $162 | $149.49 | +7.3% | May 5, 2026 |
| Goldman Sachs | Analyst unavailable | $171 | $150.55 | +13.2% | Apr 27, 2026 |
| Barclays | Analyst unavailable | $150 | $142.22 | -0.7% | Apr 10, 2026 |
| Wells Fargo | Analyst unavailable | $140 | $155.42 | -7.3% | Mar 27, 2026 |
| Truist Financial | Jasper Bibb | $170 | $156.18 | +12.6% | Feb 6, 2026 |
| Goldman Sachs | George Tong | $220 | $157.83 | +45.7% | Feb 5, 2026 |
| BMO Capital | Analyst unavailable | $188 | $157.83 | +24.5% | Feb 5, 2026 |
| Barclays | Analyst unavailable | $180 | $157.83 | +19.2% | Feb 5, 2026 |
| UBS | Analyst unavailable | $180 | $155.7 | +19.2% | Feb 4, 2026 |
| RBC Capital | Analyst unavailable | $175 | $157.62 | +15.9% | Feb 4, 2026 |
| Robert W. Baird | Analyst unavailable | $240 | $160.16 | +58.9% | Feb 4, 2026 |
| Deutsche Bank | Analyst unavailable | $204 | $160.16 | +35.1% | Feb 4, 2026 |
| UBS | Analyst unavailable | $270 | $250.27 | +78.8% | Jan 9, 2026 |
| Morgan Stanley | Analyst unavailable | $275 | $255.54 | +82.1% | Dec 17, 2025 |
| Truist Financial | Jasper Bibb | $300 | $233.69 | +98.6% | Nov 26, 2025 |
| UBS | Joshua Chan | $256 | $230.24 | +69.5% | Nov 25, 2025 |
| BMO Capital | Jeffery Silber | $254 | $233.9 | +68.2% | Nov 5, 2025 |
| Barclays | Analyst unavailable | $260 | $227.17 | +72.2% | Nov 5, 2025 |
| Wells Fargo | Jason Haas | $231 | $252.7 | +53.0% | Oct 29, 2025 |
| Barclays | Analyst unavailable | $270 | $258.17 | +78.8% | Oct 22, 2025 |
| Morgan Stanley | Analyst unavailable | $307 | $244.3 | +103.3% | Oct 13, 2025 |
| UBS | Joshua Chan | $280 | $256.98 | +85.4% | Oct 6, 2025 |
| UBS | Joshua Chan | $525 | $432.92 | +247.6% | May 7, 2025 |
| Wells Fargo | Jason Haas | $400 | $419.6 | +164.9% | May 1, 2025 |
| UBS | Joshua Chan | $500 | $421.76 | +231.1% | Mar 25, 2025 |
| Morgan Stanley | Toni Kaplan | $528 | $520.68 | +249.6% | Oct 10, 2024 |
| Robert W. Baird | Jeffrey Meuler | $565 | $513.42 | +274.1% | Sep 20, 2024 |
| BMO Capital | Jeffrey Silber | $510 | $504.03 | +237.7% | Jul 31, 2024 |
| Robert W. Baird | Jeffrey Meuler | $517 | $412.59 | +242.3% | May 1, 2024 |
| Morgan Stanley | Toni Kaplan | $440 | $416.31 | +191.4% | Apr 30, 2024 |
| Deutsche Bank | Faiza Alwy | $507 | $463.59 | +235.7% | Apr 16, 2024 |
| UBS | Joshua Chan | $550 | $463.78 | +264.2% | Apr 11, 2024 |
| Wells Fargo | Analyst unavailable | $387 | $344.96 | +156.3% | Feb 8, 2023 |
| Wells Fargo | Analyst unavailable | $370 | $334.6 | +145.0% | Jan 13, 2023 |
| Morgan Stanley | Analyst unavailable | $342 | $336.52 | +126.5% | Jan 4, 2023 |
| Barclays | Analyst unavailable | $350 | $356.27 | +131.8% | Dec 2, 2022 |
| Morgan Stanley | Analyst unavailable | $339 | $330.88 | +124.5% | Nov 17, 2022 |
| Barclays | Analyst unavailable | $315 | $288.26 | +108.6% | Aug 4, 2022 |
| Morgan Stanley | Analyst unavailable | $300 | $292.77 | +98.6% | Aug 3, 2022 |
| Jefferies | Hamzah Mazari | $283 | $250.04 | +87.4% | May 23, 2022 |
| Morgan Stanley | Analyst unavailable | $316 | $270.37 | +109.2% | May 4, 2022 |
| Bank of America Securities | Heather Balsky | $340 | $302.66 | +125.1% | Apr 18, 2022 |
Track every rating change on IT the moment it posts. Free to start.
Start freeMarket reaction
prior-close to event-session close
Stock move
+1.2%
Event window
SPY move
+0.8%
Same window
Abnormal move
+0.4%
Stock minus SPY
Volume
2.1×
Versus trailing sessions
Subsequent drift
+10.2%
Up to 20 sessions
ITSPY benchmark
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Try FN2 freeTranscript intelligence
What changed
Guidance sentiment shifted from maintained (Q4 2025) to raised (Q1 2026) across EBITDA, adjusted EPS, and free cash flow. The Digital Markets divestiture announced in Q4 has been completed, focusing the business entirely on core insights. AskGartner expanded to 25 languages with new PowerPoint deck generation. Same-day insight publishing more than doubled versus the prior quarter. The board increased buyback authorization to $1.2B. Bullish score rose from 70 to 82.
Guidance delta
Full-year guidance raised for EBITDA, adjusted EPS, and free cash flow. Management targeting greater than 12% EPS CAGR over three years. Prior quarter guidance was maintained. Board increased share repurchase authorization to $1.2 billion.
Key takeaways
- Q1 revenue of $1.51B slightly missed consensus of $1.514B but grew 2% YoY.
- Adjusted EPS of $3.32 beat estimates by 11%.
- Free cash flow rose 29% YoY.
- Contract value grew 1% YoY overall; ex-U.S. Federal CV up 3.5%.
- Full-year guidance raised across EBITDA, adjusted EPS, and free cash flow.
- Share repurchases of $535M in Q1; board raised buyback authorization to $1.2B.
Management priorities
- Accelerate contract value growth throughout 2026, especially ex-U.S. Federal.
- Continue aggressive free cash flow generation and stock buybacks.
- Pursue strategic tuckin M&A to enhance capabilities.
- Ongoing enhancements to AskGartner including new features and language support.
- Further transformation of insights organization across impact, volume, timeliness, and user experience.
Related earnings events
IndustrialsALLE · FY2026 Q2 · Calendar Q3 2026Allegion Beats on Q2 Revenue and EPS, Raises Full-Year Outlook as Americas Demand AcceleratesROL · FY2026 Q2 · Calendar Q3 2026Rollins Q2 2026: Revenue Misses as Digital Lead Slowdown Hits OrkinLUV · FY2026 Q2 · Calendar Q3 2026Southwest Airlines Q2 2026: EPS Beats by 84%, Unit Revenue Up 20%, Guidance Cut on Fuel
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-31T18:51:30.262934+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-31T18:51:30.259951+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 . For educational purposes only; not investment advice.