Gartner (IT) Q2 2026 earnings summary

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 6.4% to $466 million, with margin expansion and cost management driving net income up 14% to $275.5 million.

• Diluted EPS increased 33.1% to $4.14; adjusted EPS up 23.8% to $4.37.

• Free cash flow increased 8.9% to $378 million, with operating cash flow up 3.8%.

• Share repurchases totaled $547 million in Q2, with authorization increased by $500 million in July 2026.

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.

• Contribution margins: Insights 77.5%, Conferences 59.5%, Consulting 37.9%.

• Operating income was $378.5 million, up from $327.1 million a year ago; net income was $275.5 million.

• Gross margin improved as cost of services and product development declined 8% year-over-year.

Outlook and guidance

• Full-year 2026 guidance: adjusted revenues 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.

• Free cash flow conversion from GAAP net income typically 140-160%.

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

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