EarningsQ2 2026 Earnings Report
MX:IT Q2 2026 EPS Results
Actual EPS$73.88
Consensus EPS$63.53
Beat/MissBeat by +$10.35
One Year Ago EPS$59.68
MX:IT Q2 2026 Revenue Results
Actual Revenue$28.33B
Expected Revenue$27.87B
Beat/MissBeat by +$464.27M
YoY Revenue Growth-0.62%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeBefore Open
Conference CallTuesday, August 4, 2026
MX:IT Upcoming Earnings
Gartner's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:IT Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
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.Company Guidance
Revenue Beat and Growth
Second quarter revenue of $1.7 billion, up 3% year-over-year reported and up 2% on an FX-neutral basis; results were ahead of expectations.
Strong Profitability and Margins
Adjusted EBITDA of $466 million, up 6% reported (4% FX-neutral); total contribution margin 71%; Insights contribution margin 77%, up ~140 basis points versus prior year.
Significant EPS and Cash Flow Improvement
Adjusted EPS of $4.37, up 24% year-over-year; free cash flow of $378 million in the quarter, up 9% year-over-year; rolling 4-quarter free cash flow $1.3 billion.
Contract Value Acceleration
Total contract value (CV) of $5.3 billion, up 2% year-over-year with a sequential increase of ~30 basis points from Q1 and a 70-basis-point acceleration versus last quarter; ex-Fed CV growth 3.3%.
Customer Engagement and Retention Trends
Client engagement improved meaningfully, up 140 basis points year-over-year (digital engagement +110 bps; human interactions +150 bps); wallet retention improved sequentially and ex-Fed wallet retention was 99%.
Business Segment and End-Market Strengths
Core GBS subscription products grew 7% in the quarter; midsized enterprise clients across GTS and GBS grew mid-single digits year-over-year; conferences revenue $244 million with ~12% same-conference growth (FX-neutral).
Bookings, Backlog and Consulting Momentum
Bookings increased 17% year-over-year; backlog at June 30 was $214 million, up ~9% year-over-year (first YoY backlog increase since Q1 2025); consulting bookings strengthened despite revenue being down vs. prior year.
Capital Deployment and Shareholder Returns
Repurchased $547 million of stock in the quarter (share count down ~5% sequentially and ~14% year-over-year); exited the quarter with roughly $1 billion deployable cash; Board increased buyback authorization to ~$1.2 billion.
Raised Full-Year Outlook
Updated 2026 guidance: revenue at or above $6.375 billion (FX-neutral growth ~1%), EBITDA at or above $1.57 billion (up $40 million operationally), adjusted EPS at or above $14, and free cash flow at or above $1.185 billion.
Return on Invested Capital
Rolling 4-quarter return on invested capital was 31%.
MX:IT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed