Gartner, Inc.
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Range $120 – $208
Price Chart
About the company
Gartner, 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.
- CEO
- Eugene A. Hall
- IPO
- 1993
- Employees
- 19,285
- HQ
- Stamford, CT, US
AI snapshot
Six angles, distilled from the data.
The stock is in a constructive recovery phase, trading above its 200-day average and near its 50-day average after a sharp pullback from the 52-week high. The longer-term trend is still intact, but the setup is more range-bound than momentum-driven until it can reclaim the upper part of that year-long band.
Street sentiment is cautious-to-neutral: consensus sits at Hold with a $172.50 target, below the recent close and well under the $206 high. Recent actions lean mixed, with UBS reiterating Neutral, BMO trimming its target, and Needham starting coverage at Buy, but the broader pattern still skews to holds.
Gartner has a strong beat streak, with 7 straight quarters of EPS beats and the last reported quarter topping estimates by 15.9%. Next-year EPS estimates point higher to 16.36 from 11.12 TTM, so shareholders should watch whether subscription demand and margin discipline keep that trajectory intact.
The pattern is net selling, with five sales versus no open-market buys. Most activity looks discretionary rather than automatic, led by larger sales from the CHRO, an EVP, and a director; the small August other transactions are likely administrative noise, while July awards are not a bullish signal by themselves.
Profitability remains solid, anchored by a 69.6% gross margin and 22.6% operating margin. Revenue was slightly down 0.6% year over year, but earnings still grew 33.1%, and free cash flow of $1.41 billion with a 12.04% yield gives the business plenty of flexibility.
Gartner still screens as a premium IT services name, supported by high margins and strong cash generation versus slower-growth peers. The valuation is not cheap, with a 12.84 P/E and a consensus target below the recent close, so the market is paying for quality more than growth acceleration.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $12.57B
- P/E
- 16.82
- Fwd P/E
- 12.99
- PEG
- -0.53
- P/S
- 1.94
- P/B
- -74.61
- EV/EBITDA
- 10.79
- Div Yield
- 0.00%
- Gross Margin
- 68.89%
- Op Margin
- 17.26%
- Net Margin
- 11.99%
- ROE
- 401.44%
- ROIC
- 23.78%
Latest fiscal year · YoY change
- Revenue
- $6.50B+3.7%
- Gross Profit
- $4.40B+3.6%
- Op Income
- $1.03B
- Net Income
- $729.18M-41.8%
- EPS
- $9.68-40.0%
- OCF Growth
- -13.1%
- FCF Growth
- -15.0%
- 52W High
- $261.10
- 52W Low
- $124.25
- 50D MA
- $182.25
- 200D MA
- $173.09
- Beta
- 0.95
- RSI (14)
- 53
- Avg Volume
- 1.28M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Gartner said Q2 beat expectations on revenue, earnings, and cash flow, and it raised full-year 2026 EBITDA, EPS, and free cash flow guidance as contract value growth reaccelerated.· August 4, 2026
- Q2 revenue, EBITDA, adjusted EPS, and free cash flow were all ahead of expectations.
- Second-quarter revenue was $1.7 billion, up 3% reported and 2% FX neutral; EBITDA was $466 million, up 6% reported; adjusted EPS was $4.37, up 24%; free cash flow was $378 million, up 9%.
- Contract value was $5.3 billion and grew 2% year over year, a 70-basis-point acceleration from Q1; ex-U.S. federal CV grew 3.3%.
- Management said client engagement improved 140 bps, wallet retention improved sequentially, and AI is the single biggest source of demand from clients.
- Full-year 2026 guidance was raised for EBITDA, adjusted EPS, and free cash flow, while revenue guidance was updated to at or above $6.375 billion.
- The company continued active buybacks, repurchasing $547 million of stock in Q2 and ending with about $1.5 billion of cash.
Second-quarter revenue was $1.7 billion, up 3% year over year as reported and 2% FX neutral. EBITDA was $466 million, up 6% reported and 4% FX neutral. Adjusted EPS was $4.37, up 24% from Q2 last year. Free cash flow was $378 million, up 9% year over year. Total contribution margin was 71%, and Insights contribution margin was 77%, up about 140 basis points versus last year. Contract value ended at $5.3 billion, up 2% year over year, with ex-U.S. federal CV up 3.3%; the company said ex-Fed NCVI was about positive $4 million. For the full year 2026, Gartner now expects revenue at or above $6.375 billion, EBITDA at or above $1.57 billion, adjusted EPS at or above $14, and free cash flow at or above $1.185 billion. For Q3, it expects EBITDA at or above $315 million.
Gene Hall emphasized that Gartner’s value proposition remains strong because it helps executives identify blind spots, see around corners, fill information gaps, and prepare for the future. He framed AI as the largest demand driver for the company, saying clients are asking for help across AI strategy, cybersecurity, physical AI and robotics, and adoption best practices. His tone was confident but pragmatic: he acknowledged persistent macro and geopolitical pressure, especially budget scrutiny and delayed decisions, while saying Gartner is adapting through its Business and Technology Insights transformation and expects CV growth to keep accelerating.
Craig Safian focused on improving engagement, retention, and growth as evidence that Gartner’s model is resilient even in a difficult spending environment. He cited client engagement up 140 bps year over year, digital engagement up more than 110 bps, human interactions up more than 150 bps, and wallet retention improving as downsell stabilized; in-quarter retention also rose. He highlighted strong balance-sheet and capital returns metrics: $1.5 billion of cash, about $3 billion of debt, gross debt under 2x trailing EBITDA, $547 million of stock repurchased in Q2, and about $1.2 billion of buyback authorization after the board increase. He also noted rolling 4-quarter free cash flow of $1.3 billion and ROIC of 31%, and said the higher full-year guidance reflects better operating performance, a lower share count, and the stronger dollar.
Analysts focused on whether AI and macro uncertainty were changing demand, and management said AI is actually boosting demand rather than hurting it because Gartner helps clients decide how to reallocate spending. Questions also probed AskGartner, with management saying it is a useful digital tool but only one part of a broader effort to improve the user experience and engagement. Multiple questions centered on CV acceleration, especially ex-Fed growth, and management said ex-Fed CV should contribute to the reacceleration without needing a major macro turnaround. Analysts also asked about retention, headcount, pricing, and consulting backlog; management said downsell is stabilizing, headcount will be added as productivity improves, clients prefer seat-based pricing, and consulting backlog improved because of better execution and stronger bookings.
The call pointed to broad operational improvement: higher engagement, better retention, accelerating CV, and a Q2 beat on revenue, margins, EPS, and cash flow. Management sounded confident that BTI improvements, AI-related demand, and easier comps from the U.S. federal business can support continued reacceleration and strong cash generation.
Management repeatedly warned that macro and geopolitical uncertainty, including tariffs and shifting budget pressures, is still weighing on enterprise spending. Large enterprises appear more challenged than midsized clients, downsell pressure has only stabilized rather than fully reversed, and consulting revenue was still below year-ago levels even though backlog improved.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 97.5%
- Shares Outstanding
- 66.95M
- Float Shares
- 65.25M
of shares held by institutions
745 13F filers
Buy/sell ratio 2.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for IT, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Gilbert Ray CisnerosHouse · CA31 | Sell | Apr 14, 26 | Filing → |
| Gilbert Ray CisnerosHouse · CA31 | Buy | Mar 13, 26 | Filing → |
| Lisa C. McClainHouse · MI09 | Buy | Oct 30, 25 | Filing → |
| Lisa C. McClainHouse · MI09 | Sell | Oct 31, 25 | Filing → |
| Lisa C. McClainHouse · MI09 | Sell | Oct 30, 25 | Filing → |
| Lisa C. McClainHouse · MI09 | Buy | Sep 11, 25 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Sep 29, 25 | Filing → |
| Val HoyleHouse · OR04 | Buy | Oct 29, 24 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Aug 26, 25 | Filing → |
| Val HoyleHouse · OR04 | Sell | Jun 26, 25 | Filing → |
| Lisa C. McClainHouse · MI09 | Buy | Jul 16, 25 | Filing → |
| Lisa C. McClainHouse · MI09 | Sell | Jul 22, 25 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Jul 25, 25 | Filing → |
| Robert P. BresnahanHouse · PA08 | Sell | Apr 8, 25 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 9.05M | ▼ 1.03M |
| Bamco Inc | 7.60M | ▲ 1.68M |
| Independent Franchise Partners Llp | 5.58M | ▲ 982.19K |
| Blackrock, Inc. | 5.22M | ▼ 1.67M |
| Vanguard Capital Management LLC | 4.27M | ▼ 201.43K |
| Aqr Capital Management LLC | 4.18M | ▲ 607.77K |
| Vanguard Portfolio Management LLC | 3.52M | ▼ 172.58K |
| Harris Associates L P | 2.85M | ▼ 288.98K |
| State Street Corp | 2.81M | ▼ 458.00K |
| Geode Capital Management, LLC | 2.60M | ▲ 390.32K |
| Two Sigma Investments, LP | 2.13M | ▲ 1.00M |
| Invesco Ltd. | 2.06M | ▲ 40.01K |
Held by 1,025 ETFs
Biggest fund positions in IT by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Oct 1, 26 | FERGUSON DIANA SUE | other | 139 |
| Oct 1, 26 | FERGUSON DIANA SUE | other | 139 |
| Oct 1, 26 | FERGUSON DIANA SUE | other | 139 |
| Oct 1, 26 | PAGLIUCA STEPHEN G | other | 130 |
| Oct 1, 26 | PAGLIUCA STEPHEN G | other | 130 |
| Oct 1, 26 | PAGLIUCA STEPHEN G | other | 130 |
| Oct 1, 26 | Rus Daniela L | other | 126 |
| Oct 1, 26 | Serra Eileen | other | 149 |
| Oct 1, 26 | DYKSTRA KAREN E | other | 96 |
| Oct 1, 26 | FUCHS ANNE SUTHERLAND | other | 70 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our IT coverage
Recent articles, reports, and earnings notes.

Gartner (IT): AI Decision Platform With Strong Cash Flow
Gartner pairs a durable subscription franchise with rising AI relevance, strong free cash flow, and improving engagement despite a soft near-term revenue backdrop.

Gartner, Inc. (IT) gains on deep earnings beat analysis
Gartner, Inc. (IT) gained after a clean Q1 beat, but the real story is deeper: resilient Insights margins, stronger free cash flow, higher full-year profit guidance, and cautious demand signals that keep the valuation debate alive.

Gartner (IT): Contract Value Reacceleration Is the Key
Gartner remains a high-margin, cash-generating insights franchise with strong buybacks and a cheap-looking valuation. The main question is whether contract value growth can reaccelerate after a sluggish 2025.
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Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed October 4, 2026 · Live quote · Not investment advice