Gartner (IT) Q2 2026 Earnings Report

The call highlighted multiple operational and financial positives: revenue, EBITDA, adjusted EPS and free cash flow all beat expectations; client engagement and retention metrics improved; contract value growth accelerated sequentially (including ex-Fed improvement); bookings and backlog showed improvement; margins expanded and management raised full-year guidance while continuing sizable share repurchases. Offsetting these positives are areas of weakness and risk: consulting revenue declined, GBS new business was down year-over-year, contract optimization remains variable, and persistent macro/geopolitical pressures and FX headwinds constrain near-term growth. Overall, the company demonstrated strong execution and momentum with manageable headwinds.

Gartner raised its full‑year 2026 outlook, now expecting revenue at or above $6.375 billion (FX‑neutral growth ~1%), adjusted EBITDA at or above $1.57 billion (margin ≥24.6%), adjusted EPS at or above $14, and free cash flow at or above $1.185 billion (GAAP net income conversion ~136%); guidance is based on 66 million fully diluted weighted‑average shares outstanding (company exited Q2 with ~64 million shares after $547 million of repurchases and an expanded ~$1.2 billion buyback authorization). Management also targets Q3 EBITDA at or above $315 million, says Insights revenue is operationally unchanged with FX‑neutral sequential growth expected in Q3, is guiding Conferences on 55 in‑person destination events, and reiterated that contract value is reaccelerating (Q2 CV ~$5.3 billion; ex‑Fed CV growth 3.3%), while projecting adjusted EPS compound annual growth above 12% over the next three years.