olivLaw · US equity research
Gartner, Inc. IT
Services-Management Services · SIC 8741 · Vertical: Engineering, research and management services (SIC 874x)
Gartner provides business and technology insights, conferences and consulting services to a global client base of over 13,000 enterprises. Its subscription model, which generates most revenue, now faces growing competition from AI services and shifts in search engine traffic.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Gartner, Inc. (IT) stock was 207.19 USD (+1.45% on the day), with market capitalisation 13.1 bn USD, P/E 14.8 on diluted EPS of 14.02 USD over the last 12 months, beta 0.73, 52-week range 125.73–254.59 USD. Latest reported quarter (Q3 2026): revenue of 1.5 bn USD (−1.3% YoY), net income of 214.4 m USD (+506.4% YoY), diluted EPS 3.35 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 48.7
- neutral
- Bollinger (20, 2)
- 184.88 – 242.05
- in the lower half of the band · %B 0.39 · band width 26.8%
- SMA 50 / 200
- 197.33 / 169.10
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 7.24 / 9.09
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +10.3% | −1.1% | +11.4 pp | — |
| 3 months | +11.1% | −0.5% | +11.6 pp | — |
| 6 months | +37.2% | +4.4% | +32.8 pp | — |
| Year to date | −17.9% | +12.3% | −30.2 pp | — |
| 1 year | −8.8% | +13.5% | −22.3 pp | −12.6% |
| 3 years | −46.4% | +76.4% | −122.8 pp | −28.0% |
| 5 years | −37.5% | +63.7% | −101.2 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.7 bn | 1.5 bn | 1.7 bn | 1.5 bn | 1.8 bn | 1.5 bn | 1.7 bn | 1.5 bn |
| Cost of revenue | 574.9 m | 475.0 m | 531.7 m | 474.2 m | 572.6 m | 429.3 m | 486.9 m | 433.1 m |
| Gross profit | 1.1 bn | 1.1 bn | 1.2 bn | 1.1 bn | 1.2 bn | 1.1 bn | 1.2 bn | 1.1 bn |
| SG&A | 771.2 m | 730.3 m | 776.9 m | 762.6 m | 797.9 m | 726.3 m | 764.6 m | 746.8 m |
| Operating income | 317.8 m | 278.0 m | 327.1 m | 86.3 m | 334.2 m | 316.1 m | 378.5 m | 281.1 m |
| Depreciation & amortisation | 51.2 m | 50.8 m | 50.7 m | 51.0 m | 47.9 m | 45.4 m | 45.2 m | 45.1 m |
| Interest expense | 73.9 m | 13.4 m | 11.8 m | 16.3 m | 83.8 m | 21.0 m | 22.3 m | 23.6 m |
| Pre-tax income | 301.6 m | 267.0 m | 317.8 m | 69.5 m | 313.8 m | 292.4 m | 354.6 m | 255.7 m |
| Income tax | -96.9 m | 56.1 m | 77.0 m | 34.1 m | 71.7 m | 70.1 m | 79.1 m | 41.3 m |
| Net income | 398.6 m | 210.9 m | 240.8 m | 35.4 m | 242.2 m | 222.3 m | 275.5 m | 214.4 m |
| Diluted EPS | 5.11 ≈ | 2.71 | 3.11 | 0.47 | 3.35 ≈ | 3.18 | 4.14 | 3.35 |
| Operating cash flow | 335.4 m | 313.5 m | 383.6 m ≈ | 298.7 m ≈ | 294.5 m | 391.0 m | 398.3 m ≈ | 294.4 m ≈ |
| Share repurchases | 102.0 m | 162.7 m | 274.5 m | 1.1 bn | 498.5 m | 534.6 m | 547.1 m | 138.2 m |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 5 percentile of its own 37-quarter history (min 11.6, median 37.4, max 223.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.0 bn | 4.2 bn | 4.1 bn | 4.7 bn | 5.5 bn | 5.9 bn | 6.3 bn | 6.5 bn |
| Revenue YoY | +20.1% | +6.8% | −3.4% | +15.5% | +15.7% | +7.9% | +6.1% | +3.7% |
| Net income | 122.5 m | 233.3 m | 266.7 m | 793.6 m | 807.8 m | 882.5 m | 1.3 bn | 729.2 m |
| Net income YoY | +3,634.6% | +90.5% | +14.3% | +197.5% | +1.8% | +9.2% | +42.1% | −41.8% |
| Diluted EPS | 1.33 | 2.56 | 2.96 | 9.21 | 9.96 | 11.08 | 16.00 | 9.65 |
| Diluted EPS YoY | +3,225.0% | +92.5% | +15.6% | +211.1% | +8.1% | +11.2% | +44.4% | −39.7% |
| net % | 3.1% | 5.5% | 6.5% | 16.8% | 14.8% | 14.9% | 20.0% | 11.2% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 1.7 bn USD
- Financial debt
- 3.0 bn USD
- Net debt
- 1.3 bn USD
- Equity
- 319.9 m USD
- Total assets
- 8.1 bn USD
- Debt / equity
- 9.32x
- Current ratio
- 1.00x
- ROE
- 86.9%
- ROA
- 8.8%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 4.1 bn | 4.7 bn | 5.5 bn | 5.9 bn | 6.3 bn | 6.5 bn | SEC (XBRL)· 12 Feb 2026verified |
| Cost of revenue | 1.3 bn | 1.4 bn | 1.7 bn | 1.9 bn | 2.0 bn | 2.1 bn | SEC (XBRL)· 12 Feb 2026verified |
| Gross profit | 2.8 bn ≈ | 3.3 bn ≈ | 3.8 bn | 4.0 bn | 4.3 bn | 4.5 bn | SEC (XBRL)· 12 Feb 2026verified |
| SG&A | 2.0 bn | 2.2 bn | 2.5 bn | 2.7 bn | 2.9 bn | 3.1 bn | SEC (XBRL)· 12 Feb 2026verified |
| Operating income | 490.2 m | 915.8 m | 1.1 bn | 1.2 bn | 1.2 bn | 1.0 bn | SEC (XBRL)· 12 Feb 2026verified |
| Depreciation & amortisation | 219.0 m | 212.4 m | 191.9 m | 191.1 m | 202.3 m | 200.3 m | SEC (XBRL)· 12 Feb 2026verified |
| EBITDA | 709.1 m ≈ | 1.1 bn ≈ | 1.3 bn ≈ | 1.4 bn ≈ | 1.4 bn ≈ | 1.2 bn ≈ | SEC (XBRL)· 12 Feb 2026derived |
| Interest expense | 115.6 m | 118.5 m | 126.2 m | 132.8 m | 131.0 m | 125.3 m | SEC (XBRL)· 12 Feb 2026verified |
| Pre-tax income | 326.1 m | 969.9 m | 1.0 bn | 1.1 bn | 1.4 bn | 968.1 m | SEC (XBRL)· 12 Feb 2026verified |
| Income tax | 59.4 m | 176.3 m | 219.4 m | 264.7 m | 133.7 m | 238.9 m | SEC (XBRL)· 12 Feb 2026verified |
| Net income | 266.7 m | 793.6 m | 807.8 m | 882.5 m | 1.3 bn | 729.2 m | SEC (XBRL)· 12 Feb 2026verified |
| Diluted EPS | 2.96 | 9.21 | 9.96 | 11.08 | 16.00 | 9.65 | SEC (XBRL)· 12 Feb 2026verified |
| Weighted average diluted shares | 90.0 m | 86.2 m | 81.1 m | 79.7 m | 78.3 m | 75.6 m | SEC (XBRL)· 12 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 712.6 m | 756.5 m | 698.0 m | 1.3 bn | 1.9 bn | 1.7 bn | SEC (XBRL)· 12 Feb 2026verified |
| Receivables | 1.2 bn | 1.4 bn | 1.6 bn | 1.6 bn | 1.7 bn | 1.7 bn | SEC (XBRL)· 12 Feb 2026verified |
| Current assets | 2.3 bn | 2.6 bn | 2.8 bn | 3.4 bn | 4.2 bn | 4.1 bn | SEC (XBRL)· 12 Feb 2026verified |
| Property, plant & equipment, net | 336.8 m | 273.6 m | 264.6 m | 262.7 m | 243.0 m | 214.2 m | SEC (XBRL)· 12 Feb 2026verified |
| Goodwill | 2.9 bn | 3.0 bn | 2.9 bn | 2.9 bn | 2.9 bn | 2.7 bn | SEC (XBRL)· 12 Feb 2026verified |
| Intangibles (excl. goodwill) | 807.0 m | 714.4 m | 584.7 m | 502.0 m | 409.7 m | 336.3 m | SEC (XBRL)· 12 Feb 2026verified |
| Total assets | 7.3 bn | 7.4 bn | 7.3 bn | 7.8 bn | 8.5 bn | 8.1 bn | SEC (XBRL)· 12 Feb 2026verified |
| Accounts payable | 38.6 m | 49.3 m | 83.2 m | 63.1 m | 55.8 m | 49.8 m | SEC (XBRL)· 12 Feb 2026verified |
| Short-term debt | 20.5 m | 5.9 m | 7.8 m | 9.6 m | 0 | 5.0 m | SEC (XBRL)· 12 Feb 2026verified |
| Long-term debt | 2.0 bn | 2.5 bn | 2.5 bn | 2.4 bn | 2.5 bn | 3.0 bn | SEC (XBRL)· 12 Feb 2026verified |
| Current liabilities | 2.9 bn | 3.4 bn | 3.6 bn | 3.8 bn | 4.0 bn | 4.1 bn | SEC (XBRL)· 12 Feb 2026verified |
| Total liabilities | 6.2 bn | 7.0 bn | 7.1 bn | 7.2 bn | 7.2 bn | 7.8 bn | SEC (XBRL)· 12 Feb 2026verified |
| Equity | 1.1 bn † | 371.1 m † | 227.8 m † | 680.6 m † | 1.4 bn † | 319.9 m † | SEC (XBRL)· 12 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 903.3 m | 1.3 bn | 1.1 bn | 1.2 bn | 1.5 bn | 1.3 bn | SEC (XBRL)· 12 Feb 2026verified |
| Investing cash flow | -83.9 m | -80.5 m | -117.6 m | 54.2 m | -103.7 m | -115.1 m | SEC (XBRL)· 12 Feb 2026verified |
| Financing cash flow | -416.2 m | -1.2 bn | -1.0 bn | -588.9 m | -710.1 m | -1.4 bn | SEC (XBRL)· 12 Feb 2026verified |
| Share repurchases | 176.3 m | 1.7 bn | 1.0 bn | 606.2 m | 735.4 m | 2.0 bn | SEC (XBRL)· 12 Feb 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 67 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 13.1 bn USD
Key indicators
Coverage and freshness
Score by group
- Valuation86
- Returns100
- Quality92
- Balance sheet64
- Growth24
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 177.36 – 353.43 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDA266.88 – 353.43 (Mid 342.16)9 companies used · median multiple 15.4x · quartiles 12.2x – 15.8xACCS, ASTH, BAH, BWMN, FCN, HURN, ICFI, III, ONT
- Peers: P/E177.36 – 346.90 (Mid 281.46)13 companies used · median multiple 20.1x · quartiles 12.6x – 24.7xAERT, BAH, EXPO, FCN, G, HURN, ICFI, III, RMR, TSSI, VCIG, VVX, ZTG
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 67/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 14.8% | 92 (vs peers) | 9% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 5.9% | 49 (on a fixed band) | 12% |
| EPS CAGR 3Y · Growth | -1.0% | 0 (on a fixed band) | 12% |
| Net debt / EBITDA · Balance sheet | 0.9x | 64 (vs peers) | 15% |
| Interest coverage · Balance sheet | 8.7x | 100 (on a fixed band) | 9% |
| Current ratio · Balance sheet | 0.9x | 9 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | 14.8x | 71 (vs peers) | 15% |
| EV/EBITDA · Valuation | 9.7x | 100 (vs peers) | 15% |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 13.1% | 100 (on a fixed band) | 9% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet64/100 · 3/3 factors with a value
- Growth24/100 · 2/2 factors with a value
- Quality· partial92/100 · 1/3 factors with a value
- Returns· partial100/100 · 1/2 factors with a value
- Valuation86/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Gartner, Inc. (IT). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 6.5 bn USD in 2025; YoY growth 3.7%; net margin 14.8%; ROE 365.8%; net debt/EBITDA 0.9x.
The estimated value range is 222.12–350.16 USD per share (median of 2 methods, agreement: same basis (multiples on one peer group, not independent confirmations)); assumptions are illustrative. Against the central value of 311.81 USD, the price of 207.19 USD leaves a potential of 50.5% (value / price − 1) and a margin of safety of 33.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 67/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: quality, returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 14.8%
- Interest coverage: 8.7x
- P/E (TTM): 14.8x
- EV/EBITDA: 9.7x
- Shareholder yield (distributions): 13.1%
- The price is below the estimated value range
What contradicts it
- EPS CAGR 3Y: -1.0%
- Current ratio: 0.9x
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, FCF yield, Payout ratio (FCF).
Versus the vertical median
Engineering, research and management services (SIC 874x) · same industry group (3-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| RTORentokil Initial PLC | 61.1 bn | 130.4 | 8.7% | 6.8% | +4.4% | −13% / −12% |
| ITGartner, Inc. | 13.1 bn | 14.8 | 365.8% | 14.8% | +3.7% | −9% / −46% |
| BAHBooz Allen Hamilton Holding Corporation | 10.5 bn | 13.7 | 70.0% | 7.1% | −6.4% | +6% / −29% |
| GGenpact Limited | 6.9 bn | 12.1 | 22.4% | 11.1% | +6.6% | −7% / +20% |
| FCNFti Consulting, Inc | 5.4 bn | 24.7 | 15.2% | 5.9% | +2.4% | +22% / −10% |
| EXPOExponent, Inc. | 4.2 bn | 39.2 | 31.2% | 17.7% | +4.2% | +21% / +14% |
| HURNHuron Consulting Group Inc. | 2.7 bn | 25.8 | 25.5% | 6.1% | +11.7% | +5% / +66% |
| VVXV2X, Inc. | 2.4 bn | 24.7 | 8.8% | 2.0% | +3.7% | +41% / +83% |
| ASTHAstrana Health, Inc. | 2.2 bn | 48.3 | 5.1% | 1.1% | +56.4% | +72% / +19% |
| ICFIICF International, Inc. | 1.7 bn | 20.1 | 8.6% | 4.9% | −7.3% | +24% / −31% |
| BWMNBowman Consulting Group Ltd. | 744.2 m | 105.3 | 2.9% | 1.4% | +14.9% | +19% / +39% |
| ONTOnterris, Inc. | 566.4 m | — | -2.5% | -1.4% | +19.3% | −37% / −48% |
| EVHEvolent Health, Inc. | 542.7 m | — | -79.0% | -24.1% | −26.6% | +14% / −83% |
| PPHCPublic Policy Holding Company, Inc. | 381.3 m | — | -39.5% | -18.9% | +24.7% | unavailable / unavailable |
| IIIInformation Services Group Inc. | 289.5 m | 25.2 | 12.7% | 4.7% | −1.2% | +13% / +46% |
| AERTAeries Technology, Inc. | 282.0 m | 20.9 | — | 3.6% | −0.3% | +35% / −68% |
| RMRRmr Group Inc. | 250.5 m | 12.6 | 8.7% | 3.1% | −22.0% | +10% / −30% |
| SUPXSuperx Ai Technology Limited | 209.8 m | — | -101.8% | -527.7% | +1,878.6% | −84% / unavailable |
| FCFranklin Covey Co. | 195.7 m | 106.3 | 4.0% | 0.8% | −7.0% | +10% / −55% |
| TSSITss, Inc. | 193.3 m | 14.1 | 32.0% | 7.4% | +65.9% | −29% / +1,976% |
| VCIGVCI Global Limited | 141.3 m | 0.1 | 14.7% | 28.3% | +40.6% | −99% / −100% |
| GRNQGreenpro Capital Corp. | 122.4 m | — | -26.8% | -169.6% | −40.7% | −57% / −19% |
| AUCAtif Holdings Limited | 109.4 m | — | -90.5% | -723.7% | −74.7% | −12% / −70% |
| ROMARoma Green Finance Limited | 101.0 m | — | -44.2% | -287.8% | −22.2% | +138% / unavailable |
| RTBRTB Digital, INC. | 92.6 m | — | -141.9% | -198.5% | −38.7% | −49% / −94% |
1- and 3-year price returns: for IT from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 133.93 Total return -35% · Per year -35% | 236.63 Total return 14% · Per year 14% | 356.22 Total return 72% · Per year 72% |
| 3 years | 133.58 Total return -36% · Per year -14% | 265.21 Total return 28% · Per year 9% | 437.85 Total return 111% · Per year 28% |
| 5 years | 133.23 Total return -36% · Per year -8% | 297.24 Total return 43% · Per year 7% | 538.17 Total return 160% · Per year 21% |
- Exit P/E± 66.30
- Net margin± 46.41
- Annual revenue growth± 37.60
- Annual dilution± 3.90
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 04 Aug 2026; since then the company filed 8-K (03 Nov 2026 · results), 10-Q (03 Nov 2026).
In brief
Gartner provides business and technology insights, conferences and consulting services to a global client base of over 13,000 enterprises. Its subscription model, which generates most revenue, now faces growing competition from AI services and shifts in search engine traffic.
SWOT
Strengths
- A brand recognized for decades and a broad global client base, with content regarded as independent.
- A diversified revenue model in which subscriptions, conferences and consulting reinforce each other.
- A large network of experts and analysts that is hard for new competitors to replicate.
Weaknesses
- Dependence on US federal contracts, which declined significantly in 2025.
- Consulting revenues are non-recurring and volatile.
- A goodwill impairment for the Digital Markets business, which has since been sold.
Opportunities
- Integrating AI into products could expand the value offered to clients.
- Recovery in contract value and retention could support revenue growth.
- The active share repurchase program shows capacity for capital allocation.
Threats
- Search engines and chatbots could reduce traffic to the company's websites.
- Growing AI-driven competition could pressure prices and market share.
- Geopolitical tensions and tariff policies could affect international demand.
Risks
- Subscription non-renewalhigh
If clients do not renew subscriptions, recurring revenues could decline. The company notes retention can be affected by content quality and offering changes.
- AI-driven competitionhigh
Competitors or third parties could integrate AI faster, which could reduce the value of the current offering.
- Dependence on public budgetsmedium
Government contracts depend on budget approvals and can be terminated without penalty, creating volatility.
- Intangible asset impairmentmedium
Goodwill and other intangible assets form a significant part of the balance sheet, and further impairments could affect results.
- Dependence on skilled stafflow
Competition for analysts and consultants raises wage pressure, which could affect margins.
Investment thesis
What would need to be true (bull case)
- If the acceleration in contract value continues, recurring revenues could return to sustained growth.
- Integrating AI into products could open new revenue sources and reduce the risk of being overtaken by competitors.
- The active share repurchase program and cash generation could support value for shareholders.
What would break the thesis
- If AI and search engines reduce traffic to websites, demand for subscriptions could fall.
- Declining federal contracts and budget pressure could keep weighing on US revenues.
- If the dollar stays strong, results reported in local currency could be diminished.
What to watch
- Trend in FX-neutral contract value and Insights client retentionQ3 2026
- Updated 2026 guidance for revenues and adjusted EBITDA2026
- Impact of AI regulation on productsnext 10-K
- Conferences segment results ahead of the Symposium/Xpo eventQ4 2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 04 Aug 2026; since then the company filed 8-K (03 Nov 2026 · results), 10-Q (03 Nov 2026).
The business
Gartner, Inc. (NYSE: IT) delivers objective business and technology insights that drive smarter decisions for an organization's mission-critical priorities. The company serves over 13,000 enterprises in approximately 90 countries and territories, across every major function, industry and enterprise size 1. Its model combines practitioner-sourced and data-driven research, distributed through reports, tools, events and advisory services.
Revenues are dominated by Insights subscriptions, which represented approximately 78% of revenues in 2025 1. The Insights client retention rate was 85% in 2025 1, and most contracts have a minimum term of twelve months, with a significant share multi-year 1. The company sold its Digital Markets business in February 2026, after recording a goodwill impairment in 2025 23.
At December 31, 2025, Gartner had 20,244 employees globally 1. In the second quarter of 2026, revenues were 1,676 million USD, down 0.6% from the prior year, and headcount fell 8% from June 30, 2025 32.
Segments
Market context
The market for business and technology insights is competitive, with limited barriers to entry, and enterprise leaders seek objective guidance on digital transformation, cybersecurity and regulation 1. The company says it faces more competition as AI services are adopted 1.
Contract value, FX neutral, reached 5.3 billion USD in the second quarter of 2026, up 1.7% year over year 3. Demand remains influenced by government budgets and geopolitical and tariff uncertainty 12.
Trends
- Artificial intelligencemixed
AI could reduce the need to visit the company's websites if search engines or chatbots provide content directly, while the company launched AskGartner in August 2025 1. If management integrates it effectively, AI could also become a growth driver.
- US government budgetsheadwind
Federal contracts declined, and termination-for-convenience notices point to pressure on public sector revenues 1. This could continue if budgets remain restrictive.
- Retention and contract valuetailwind
In the second quarter of 2026 contract value grew slightly, suggesting demand for subscriptions is recovering 3. If this acceleration holds, it could support future revenues.
- Stronger dollarheadwind
Currency effects reduced reported dollar revenues, although the company raised its 2026 guidance 3. Exchange rate developments remain a variable to watch.
Competitive position
Gartner competes with consulting firms, data and information providers, electronic and print media companies, and free sources of information on the internet 1. The company says low barriers to entry and AI-based alternatives could lead to market share losses or pricing pressure 1.
Stated advantages include content regarded as broad and high quality, a brand trusted for more than 40 years, and a global footprint 1. Differentiation depends on maintaining independence and the expert network.
- Consulting firms
Indirect competition for advisory services, cited generically in the company's report.
- Data and information providers
Companies offering data and analysis to decision makers, indirect competitors.
- Electronic and print media companies
Publishers that may offer sector analysis, cited as indirect rivals.
- Free internet information sources
Freely available content that puts pressure on subscription pricing.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- Gartner Predicts SOCs Will Have 50% More Engineers Than Analysts by 2028BleepingComputer · 03 Nov 2026 · EN
- Open models can do 90% of agentic work at a twentieth of the cost of a frontier LLM: GartnerThe Register · 03 Nov 2026 · EN
- Open models can do 90 percent of agentic work at a twentieth of the cost of a frontier LLM: GartnerThe Register · 03 Nov 2026 · EN
- Gartner ожидает роста мировых ИТ-расходов на 15% в 2027 годуInterfax Russia (RU) · 23 Oct 2026 · RU
- Gartner analyst behind tech rout: AI returns are not yet large enough to justify neocloud build-outCNBC — Top News · 19 Oct 2026 · EN
- Gartner ( NYSE : IT ) Price Target Raised to $212 . 00Surge — GDELT DOC · 16 Oct 2026 · RO
- CoreWeave sub presiune: randamentele obligațiunilor urcă după avertismentul Gartner - InvezzSurge — Google News · 15 Oct 2026 · RO
- Prăbușirea acțiunilor Nebius continuă după avertisment sever al Gartner - InvezzSurge — Google News · 14 Oct 2026 · RO
- Partner success: Leveraging Red Hat’s recognition in 2026 Gartner Magic Quadrant reportsRed Hat Blog · 25 Sept 2026 · EN
- Partner recognition: Red Hat’s placement as a Leader in the 2026 Gartner® Magic Quadrant™ for Container ManagementRed Hat Blog · 25 Sept 2026 · EN
- Red Hat Named a Leader in the 2026 Gartner Magic Quadrant for server virtualization platformsRed Hat Blog · 25 Sept 2026 · EN
- Gartner predicts 55% of enterprise VMware users will be investigating an exit by 2029The Register · 22 Sept 2026 · EN
- Gartner predicts 55 percent of enterprise VMware users will be investigating an exit by 2029The Register · 22 Sept 2026 · EN
- Gartner outlines four AI tiers in warehouse automationAI News · 18 Sept 2026 · EN
- At industry turning point, Red Hat named a Leader in the Gartner® Magic Quadrant™ for Server Virtualization PlatformsRed Hat Blog · 16 Sept 2026 · EN
- Red Hat named a Leader in the 2026 Gartner® Magic Quadrant™ for Server Virtualization PlatformsRed Hat Blog · 16 Sept 2026 · EN
- AI and its main promoters are not enterprise-ready, says GartnerThe Register · 14 Sept 2026 · EN
- Red Hat named a Leader in the 2026 Gartner® Magic Quadrant™ for Container Management for the fourth consecutive yearRed Hat Blog · 08 Sept 2026 · EN
- Gartner Stock: Is Wall Street Bullish or Bearish?Yahoo Finance — News · 26 Aug 2026 · EN
- AI ops tools will create console sprawl and break IT more often: GartnerThe Register · 20 Jul 2026 · RO
SEC filings
- Quarterly report03 Nov 2026
- Current report03 Nov 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report08 Oct 2026Departure or appointment of officers
- Quarterly report04 Aug 2026
- Current report04 Aug 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report02 Jun 2026Shareholder vote
- Quarterly report05 May 2026
- Current report05 May 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Proxy statement15 Apr 2026
- Annual report12 Feb 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Gartner, Inc. · 12 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Gartner, Inc. · 04 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Gartner, Inc. · 04 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.