Gartner (NYSE:IT – Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 14.000- for the period, compared to the consensus estimate of 13.690. The company issued revenue guidance of $6.4B-, compared to the consensus revenue estimate of $6.4 billion.
Gartner Stock Up 15.9%
IT stock traded up $24.06 during midday trading on Tuesday, hitting $175.59. The company’s stock had a trading volume of 682,191 shares, compared to its average volume of 1,560,263. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98. Gartner has a 52-week low of $124.25 and a 52-week high of $265.85. The firm has a market capitalization of $11.76 billion, a P/E ratio of 17.34, a PEG ratio of 0.83 and a beta of 0.97. The firm has a 50-day simple moving average of $144.44 and a 200-day simple moving average of $158.78.
Gartner (NYSE:IT – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.76 by $0.61. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, equities analysts forecast that Gartner will post 13.61 EPS for the current year.
Analysts Set New Price Targets
Key Stories Impacting Gartner
Here are the key news stories impacting Gartner this week:
- Positive Sentiment: Gartner reported second-quarter adjusted EPS of $4.37, well above the consensus estimate of $3.76–$3.77 and up from $3.53 a year earlier. Revenue of approximately $1.68 billion also exceeded the $1.65 billion analyst estimate. Gartner Q2 Earnings and Revenues Beat Estimates
- Positive Sentiment: The company raised or reaffirmed fiscal 2026 EPS guidance at at least $14.00, above the $13.69 consensus forecast. The stronger outlook improves earnings visibility and is a key catalyst for investors.
- Positive Sentiment: Gartner repurchased 3.6 million shares for $547 million during the quarter, while its board added $500 million to the remaining buyback authorization. Reduced share count and increased capital returns could support per-share earnings and valuation. Gartner Highlights Strong Q2 Earnings and Buyback Expansion
- Neutral Sentiment: Contract value increased 1.7% year over year and 0.3% sequentially on an FX-neutral basis, indicating steady demand but relatively limited acceleration.
- Negative Sentiment: Quarterly revenue declined 0.6% year over year to $1.676 billion. While the figure beat expectations, the decline highlights ongoing growth challenges and may limit upside if demand does not improve.
Hedge Funds Weigh In On Gartner
Several large investors have recently bought and sold shares of the stock. Brighton Jones LLC purchased a new position in Gartner during the 4th quarter worth $309,000. Sivia Capital Partners LLC acquired a new stake in shares of Gartner in the 2nd quarter worth $336,000. Aptus Capital Advisors LLC boosted its holdings in shares of Gartner by 16.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,066 shares of the information technology services provider’s stock valued at $269,000 after acquiring an additional 147 shares in the last quarter. PCM Encore LLC purchased a new stake in shares of Gartner in the fourth quarter valued at about $211,000. Finally, StoneX Group Inc. purchased a new position in Gartner during the fourth quarter worth about $212,000. Institutional investors and hedge funds own 91.51% of the company’s stock.
About Gartner
Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.
The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.
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