Gartner Stock Earnings Reports

Gartner reported a Q1 2026 beat across revenue, adjusted EBITDA, adjusted EPS and free cash flow. Key operating facts: revenue $1.5B (up 2% reported, -1% FX neutral), adjusted EBITDA $395M (up 6% reported), adjusted EPS $3.32 (up 11%), free cash flow $371M (up 29%). Contract value (CV) was $5.3B, up 1% Y/Y (3.5% ex-U.S. federal). Insights revenue grew 3% reported (flat FX neutral). Client engagement metrics improved materially (monthly active users and digital/human interactions), driven in part by product updates (AskGartner enhancements, 25-language support, PPT export) and more timely, high-impact content. Geopolitical events slowed some decision-making in March but many delayed deals closed in April. The U.S. federal business was a notable headwind (~250 bps) but CFO expects it to rebase and improve as the year progresses. Guidance was raised: 2026 consolidated revenue at or above $6.405B (FX-neutral +1%), EBITDA at or above $1.545B (margin >=24.1%), adjusted EPS at or above $13.25, and free cash flow at or above $1.16B. Capital allocation: $535M of buybacks in Q1 (share count down ~4%; ~68M shares outstanding at quarter end); Board increased repurchase authorization to ~$1.2B and management signaled continued buybacks plus targeted tuck-in M&A. Strategic positioning: Gartner emphasizes its differentiated, high-touch advisory model, proprietary data, and a leading role advising clients on AI. Near-term risks include longer sales cycles and regional/industry variability driven by geopolitical uncertainty and a still-challenging macro; consulting and contract optimization revenue remain variable. Management reiterated a medium-term objective to deliver adjusted EPS compound annual growth of >12% over the next three years, driven by CV re-acceleration, margin expansion, and continued buybacks/free cash flow.