Gartner Q3 profit soars more than 500% to $214M
Key points
- Gartner reported third-quarter 2026 net income of $214 million, up 506% year over year, while diluted earnings per share increased 613% to $3.35.
- Revenue declined 1.3% to approximately $1.5 billion, but adjusted diluted EPS increased 30.1% to $3.59 and free cash flow rose 2.2% to $275 million.
- Gartner raised its full-year 2026 forecasts for revenue, adjusted EBITDA excluding divested operations, adjusted EPS and free cash flow, supported by higher contract value.
Gartner (NYSE:IT) reported third-quarter 2026 net income of $214 million, up 506% year over year, despite a 1.3% decline in reported revenue to approximately $1.5 billion.
Diluted earnings per share increased 613% to $3.35, while adjusted diluted EPS rose 30.1% to $3.59 and adjusted revenue increased 2.4% on a reported basis.
Contract value reached $5.3 billion on a foreign-exchange-neutral basis, up 1.1% sequentially and 2.5% year over year, while adjusted EBITDA excluding divested operations increased 7.5% to $364 million.
Gartner raised its full-year forecasts for revenue, adjusted EBITDA excluding divested operations, adjusted EPS and free cash flow.
Elsewhere, operating cash flow declined 1.4% to $294 million, while free cash flow increased 2.2% to $275 million and the company repurchased 0.9 million shares for $138 million during the quarter.
Headquartered in Stamford, Connecticut, Gartner provides research, advisory and consulting services to businesses and technology leaders, helping organizations evaluate markets, manage technology investments and make strategic decisions.
