Gartner (IT) investor relations material

Executive summary

• Q2 2026 revenues were $1.7 billion, down 0.6% to 1% year-over-year, mainly due to the Digital Markets divestiture, while adjusted revenues grew 2.8%.

• Adjusted EBITDA rose 5.1% to $466 million, with margin expansion and cost management driving a 14% increase in net income to $275.5 million.

• Diluted EPS rose 33.1% to $4.14; Adjusted EPS increased 23.8% to $4.37.

• Free cash flow increased 8.9% to $378 million, with LTM free cash flow at $1.29 billion.

• Share repurchases totaled $547 million in Q2, with authorization increased by $500 million.

Financial highlights

• Insights segment revenues grew 2% to $1.29 billion; Conferences revenues rose 15% to $244 million; Consulting revenues declined 8.8% to $142 million.

• Contract value reached $5.3 billion, up 1.7% year-over-year; GTS contract value was $4.0 billion, GBS $1.3 billion.

• Gross margin for Insights was 77%, Conferences 59%, Consulting 38%.

• Operating income for Q2 was $378.5 million, up from $327.1 million a year ago.

• Net income was $275.5 million, up from $240.8 million in Q2 2025.

Outlook and guidance

• 2026 adjusted revenues expected at or above $6.375 billion, adjusted EBITDA over $1.57 billion, adjusted EPS at least $14.00, and free cash flow at least $1.185 billion.

• Insights revenues guided to $5.17 billion, Conferences $695 million, Consulting $510 million.

• Guidance excludes divested operations and expects FX to be a tailwind.

• Free cash flow conversion from GAAP net income typically 136-160%.

• Adjusted EPS CAGR expected above 12% over the next three years.