Analyst Consensus ?
ConsensusHold18 ratings
Bullish527.8%
Neutral1055.5%
Bearish316.7%
Gartner, Inc. · IT · FY2026 Q3 · Calendar Q4 2026
Gartner Raises FY2026 Guidance as Contract Value Growth Accelerates
Gartner's Q3 analysis suggests that improving contract-value growth and retention, supported by demand for AI-related guidance, are strengthening the growth picture; continued acceleration still depends on navigating macro pressures and execution challenges.
Reported Before market openNYSETechnology
$14.87B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $2.84
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $1.49B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-13.0%
Event window
SPY move
+0.5%
Same window
Abnormal move
-13.5%
Stock minus SPY
Volume
1.7×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
ITSPY benchmark
Ask FN2 about IT FY2026 Q3
Transcript, numbers and history already loaded
What drove IT's -13.0% move after FY2026 Q3 earnings?What changed in IT's guidance and outlook in FY2026 Q3?Give me the bull and bear case for IT after FY2026 Q3 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, Q3 contract-value growth accelerated for a third consecutive quarter, wallet retention improved, and management raised full-year guidance for revenue, EBITDA, adjusted EPS and free cash flow. AI-related insights and conference demand remain central to the growth narrative.
Guidance delta
Management raised full-year guidance for revenue, EBITDA, adjusted EPS and free cash flow, according to the supplied Q3 transcript analysis; the provided analysis does not specify the revised guidance figures.
Key takeaways
- The supplied Q3 analysis describes contract-value growth as accelerating for a third consecutive quarter, alongside improved wallet retention.
- Management raised full-year guidance across revenue, EBITDA, adjusted EPS and free cash flow.
- Demand for AI-related insights and conference activity are identified as growth drivers; the analysis also notes macro and execution challenges.
Management priorities
- Continue the BTI transformation, including analyst training and improvements to digital experiences and AskGartner.
- Expand AI-focused insights and consulting, while supporting conference growth and core subscriptions.
- Pursue strategic tuck-in acquisitions and disciplined, price-sensitive share repurchases.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$203.6Current
$120Low
$246.05Average
$565High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 3, 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 |
|---|---|---|---|---|
| Wells Fargo | Underweight | Underweight | Maintain | Oct 20, 2026 |
| Truist Securities | Buy | Buy | Maintain | Oct 20, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Oct 20, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Oct 13, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Oct 8, 2026 |
| UBS | Neutral | Neutral | Maintain | Oct 5, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Aug 5, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Apr 10, 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 $203.6. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | Analyst unavailable | $235 | $216.13 | +15.4% | Oct 20, 2026 |
| Wells Fargo | Jason Hass | $175 | $207.72 | -14.0% | Oct 20, 2026 |
| Morgan Stanley | Analyst unavailable | $182 | $185.77 | -10.6% | Oct 8, 2026 |
| UBS | Joshua Chan | $208 | $184.8 | +2.2% | Oct 5, 2026 |
| UBS | Joshua Chan | $196 | $169.3 | -3.7% | Sep 10, 2026 |
| BMO Capital | Analyst unavailable | $206 | $179.19 | +1.2% | Aug 18, 2026 |
| Truist Financial | Jasper Bibb | $205 | $189.74 | +0.7% | Aug 5, 2026 |
| Morgan Stanley | Analyst unavailable | $177 | $191.94 | -13.1% | Aug 5, 2026 |
| RBC Capital | Analyst unavailable | $164 | $185.79 | -19.5% | Aug 5, 2026 |
| Morgan Stanley | Toni Kaplan | $173 | $132.69 | -15.0% | Jul 10, 2026 |
| Wells Fargo | Jason Haas | $120 | $129.18 | -41.1% | Jun 24, 2026 |
| UBS | Joshua Chan | $164 | $148.81 | -19.5% | Jun 12, 2026 |
| UBS | Analyst unavailable | $170 | $151.18 | -16.5% | May 6, 2026 |
| Morgan Stanley | Analyst unavailable | $183 | $150.48 | -10.1% | May 6, 2026 |
| RBC Capital | Analyst unavailable | $160 | $151.06 | -21.4% | May 6, 2026 |
| Goldman Sachs | Analyst unavailable | $162 | $149.49 | -20.4% | May 5, 2026 |
| Goldman Sachs | Analyst unavailable | $171 | $150.55 | -16.0% | Apr 27, 2026 |
| Barclays | Analyst unavailable | $150 | $142.22 | -26.3% | Apr 10, 2026 |
| Wells Fargo | Analyst unavailable | $140 | $155.42 | -31.2% | Mar 27, 2026 |
| Truist Financial | Jasper Bibb | $170 | $156.18 | -16.5% | Feb 6, 2026 |
| Goldman Sachs | George Tong | $220 | $157.83 | +8.1% | Feb 5, 2026 |
| BMO Capital | Analyst unavailable | $188 | $157.83 | -7.7% | Feb 5, 2026 |
| Barclays | Analyst unavailable | $180 | $157.83 | -11.6% | Feb 5, 2026 |
| UBS | Analyst unavailable | $180 | $155.7 | -11.6% | Feb 4, 2026 |
| RBC Capital | Analyst unavailable | $175 | $157.62 | -14.0% | Feb 4, 2026 |
| Robert W. Baird | Analyst unavailable | $240 | $160.16 | +17.9% | Feb 4, 2026 |
| Deutsche Bank | Analyst unavailable | $204 | $160.16 | +0.2% | Feb 4, 2026 |
| UBS | Analyst unavailable | $270 | $250.27 | +32.6% | Jan 9, 2026 |
| Morgan Stanley | Analyst unavailable | $275 | $255.54 | +35.1% | Dec 17, 2025 |
| Truist Financial | Jasper Bibb | $300 | $233.69 | +47.3% | Nov 26, 2025 |
| UBS | Joshua Chan | $256 | $230.24 | +25.7% | Nov 25, 2025 |
| BMO Capital | Jeffery Silber | $254 | $233.9 | +24.8% | Nov 5, 2025 |
| Barclays | Analyst unavailable | $260 | $227.17 | +27.7% | Nov 5, 2025 |
| Wells Fargo | Jason Haas | $231 | $252.7 | +13.5% | Oct 29, 2025 |
| Barclays | Analyst unavailable | $270 | $258.17 | +32.6% | Oct 22, 2025 |
| Morgan Stanley | Analyst unavailable | $307 | $244.3 | +50.8% | Oct 13, 2025 |
| UBS | Joshua Chan | $280 | $256.98 | +37.5% | Oct 6, 2025 |
| UBS | Joshua Chan | $525 | $432.92 | +157.9% | May 7, 2025 |
| Wells Fargo | Jason Haas | $400 | $419.6 | +96.5% | May 1, 2025 |
| UBS | Joshua Chan | $500 | $421.76 | +145.6% | Mar 25, 2025 |
| Morgan Stanley | Toni Kaplan | $528 | $520.68 | +159.3% | Oct 10, 2024 |
| Robert W. Baird | Jeffrey Meuler | $565 | $513.42 | +177.5% | Sep 20, 2024 |
| BMO Capital | Jeffrey Silber | $510 | $504.03 | +150.5% | Jul 31, 2024 |
| Robert W. Baird | Jeffrey Meuler | $517 | $412.59 | +153.9% | May 1, 2024 |
| Morgan Stanley | Toni Kaplan | $440 | $416.31 | +116.1% | Apr 30, 2024 |
| Deutsche Bank | Faiza Alwy | $507 | $463.59 | +149.0% | Apr 16, 2024 |
| UBS | Joshua Chan | $550 | $463.78 | +170.1% | Apr 11, 2024 |
| Wells Fargo | Analyst unavailable | $387 | $344.96 | +90.1% | Feb 8, 2023 |
| Wells Fargo | Analyst unavailable | $370 | $334.6 | +81.7% | Jan 13, 2023 |
| Morgan Stanley | Analyst unavailable | $342 | $336.52 | +68.0% | Jan 4, 2023 |
| Barclays | Analyst unavailable | $350 | $356.27 | +71.9% | Dec 2, 2022 |
| Morgan Stanley | Analyst unavailable | $339 | $330.88 | +66.5% | Nov 17, 2022 |
| Barclays | Analyst unavailable | $315 | $288.26 | +54.7% | Aug 4, 2022 |
| Morgan Stanley | Analyst unavailable | $300 | $292.77 | +47.3% | Aug 3, 2022 |
| Jefferies | Hamzah Mazari | $283 | $250.04 | +39.0% | May 23, 2022 |
| Morgan Stanley | Analyst unavailable | $316 | $270.37 | +55.2% | May 4, 2022 |
| Bank of America Securities | Heather Balsky | $340 | $302.66 | +67.0% | 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 |
|---|---|---|---|---|
| DT Dynatrace, Inc. | FY2027 Q2 · Calendar Q4 2026 | — | -12.7% | Dynatrace grew revenue 17%, while enterprise deal timing held back net new ARR |
| DOCN DigitalOcean Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -0.7% | DigitalOcean raises 2026 and 2027 growth outlook as AI workloads scale |
| SHOP Shopify Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -5.7% | Shopify pairs Q3 growth with agentic commerce investment |
| BR Broadridge Financial Solutions, Inc. | FY2027 Q1 · Calendar Q4 2026 | — | +0.2% | Broadridge Q1 FY2027: 11% recurring-revenue growth; outlook reaffirmed |
| FISV Fiserv, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +12.4% | Fiserv Holds FY2026 Guidance as Merchant Trends Improve, Risks Persist |
| LDOS Leidos Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -3.3% | Leidos Q3: Defense Tech Strength Offsets VBA Contract Uncertainty |
Latest beats and misses
Who reports nextBeat on EPS
- EQH-PAFY2026 Q3 · November 2, 2026+14.5% EPS— move
- WMBFY2026 Q3 · November 2, 2026+0.2% EPS+3.5% move
- TSEMFY2026 Q3 · November 2, 2026+7.5% EPS-6.7% move
- CLXFY2027 Q1 · November 2, 2026+44.9% EPS+2.2% move
- AAPLFY2026 Q4 · November 2, 2026+3.0% EPS-1.8% move
- PLTRFY2026 Q3 · November 2, 2026+8.3% EPS-3.1% move
Missed on EPS
- CRBGFY2026 Q3 · November 2, 2026-0.8% EPS+2.5% move
- VRTXFY2026 Q3 · November 2, 2026-1.2% EPS-1.0% move
- PEGFY2026 Q3 · November 2, 2026-3.4% EPS+0.1% move
- RYAAYFY2027 Q2 · November 2, 2026-0.3% EPS+2.9% move
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
Get the IT recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-11-03T18:09:39.338468+00:00
- FN2 earnings calendar · 2026-11-03T01:23:13.143323+00:00
- Polygon adjusted daily market bars · 2026-11-03T18:20:45.776935+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-03T18:20:45.774286+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 2026-11-03. For educational purposes only; not investment advice.