| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 80 | 16.1x | 17.8x | Top tier | |
Growth | 25 | 0.7% | 7.1% | Bottom tier | |
Quality | 95 | 22.8% | 4.5% | Top tier | |
Safety | 65 | 1.4x | 2.6x | Around median | |
Capital Return | 69 | — | 2.12% | Top tier | |
Momentum | 38 | -24.7% | 2.9% | Bottom tier | |
Sentiment | 49 | 10 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Gartner sells independent research, insights, and advisory services to senior executives and their teams through three primary businesses: the largely subscription-based Insights business, conferences, and consulting. The value of Insights is based on proprietary data and benchmarks, including pricing databases, maturity models, and cost benchmarks derived from Gartner's work with about 13 thousand enterprises, while its services connect more than 80 thousand business leaders, more than 10 thousand information technology executives and professionals, and about 5 thousand technology providers. In the second quarter of fiscal 2026, total contract value reached $5.3 billion, including $4 billion in Global Technology Sales and $1.3 billion in Global Business Sales.
In the second quarter of fiscal 2026, Gartner generated revenue of $1.7 billion, up 3% as reported and 2% on a foreign exchange-neutral basis, gross profit of $1.2 billion, net income of $275.5 million, and GAAP earnings per share of $4.14. Adjusted earnings before interest, taxes, depreciation, and amortization were $466 million, up 6% as reported, while adjusted earnings per share rose 24% to $4.37 and free cash flow reached $378 million, up 9%. The overall contribution margin reached 71%, while the Insights margin was about 77%, up about 140 basis points, the conferences margin was 59%, and the consulting margin was 38%.
The business mix in the second quarter of fiscal 2026 showed a clear divergence: Insights revenue grew 2% as reported alongside growth in its contract value, conferences generated revenue of $244 million and same-conference growth of about 12% on a foreign exchange-neutral basis, while consulting revenue declined to $142 million from $156 million a year earlier. On a trailing twelve-month basis ending in 2026, the company recorded revenue of $6.5 billion, gross profit of $4.5 billion, and net income of $775.4 million, compared with revenue of $6.5 billion and net income of $729.2 million in fiscal 2025.
The average analyst price target is $168.5, within a wide range of $120 to $206, accompanied by a neutral consensus that reflects a balance between improving margins and cash flow on one hand and slow contract value and revenue growth on the other. The average target is about 37% below the 52-week range high of $265.85, while exceeding the range low of $124.25 by about 36%; the data do not include a valid price-to-earnings multiple that can be used as an additional valuation anchor.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
Demand for artificial intelligence guidance is driving an important part of the business, and management describes it as the single largest topic requested by clients. In the second quarter of fiscal 2026, contract value growth accelerated 70 basis points from the previous quarter to 2%, or 3.3% excluding the U.S. federal government. GBS's core subscription-based products also grew about 7%, and the sales practice achieved double-digit growth. Management expects contract value to continue accelerating and its growth outside the federal government to exceed 4% by the end of fiscal 2026.
Revenue reached $1.7 billion, up 3% as reported and 2% on a foreign exchange-neutral basis, and net income reached $275.5 million. GAAP earnings per share were $4.14, while adjusted earnings per share rose 24% to $4.37. Adjusted earnings before interest, taxes, depreciation, and amortization reached $466 million, with an overall contribution margin of 71%. Free cash flow also rose 9% to $378 million.
In the second-quarter fiscal 2026 data, artificial intelligence appears as the single largest source of client demand for Gartner's guidance. The company covers topics including AI strategy, multimodal models, cybersecurity, and robotics, and connects more than 80 thousand business leaders, more than 10 thousand information technology executives and professionals, and about 5 thousand technology providers. In contrast, management described AskGartner as a fundamental requirement in an environment where enterprises use large language models, increasing the importance of continuously developing the digital experience. The company's ability to turn the opportunity into growth depends on demonstrating the value of its proprietary data and analyst advice as clients reallocate their budgets toward AI.
Automated analysis for informational purposes only — not investment advice.
Gartner repurchased $547 million of shares in the second quarter of fiscal 2026 and reduced the share count by more than 5% compared with the previous quarter. The diluted average was 67 million shares, down about 11 million shares, or 14%, year over year, and the company then exited the quarter with about 64 million shares on an unweighted basis. In late July 2026, the board increased the available repurchase authorization to about $1.2 billion. The decline in the share count, alongside the higher operating earnings outlook, contributed to increasing the fiscal 2026 adjusted earnings-per-share forecast to at least $14.
Consulting revenue declined in the second quarter of fiscal 2026 to $142 million from $156 million a year earlier, and its contribution margin was 38%. Nevertheless, bookings rose 17% and backlog increased 9% to $214 million, the first annual increase since the first quarter of fiscal 2025. In Global Business Sales, new business declined 5% year over year despite contract value growing 3% and new business increasing about 20% from the previous quarter. Global Technology Sales recorded annual contract value growth of only 1%, although that represented a 70-basis-point acceleration from the first quarter of fiscal 2026.
Gartner expects revenue of at least $6.375 billion in fiscal 2026, equivalent to foreign exchange-neutral growth of 1%. It also expects adjusted earnings before interest, taxes, depreciation, and amortization of at least $1.57 billion and a margin of at least 24.6%. The adjusted earnings-per-share forecast is at least $14, and the free cash flow forecast is at least $1.185 billion. For the third quarter of fiscal 2026, management expects adjusted earnings before interest, taxes, depreciation, and amortization of at least $315 million and a sequential increase in Insights revenue on a foreign exchange-neutral basis.
