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IT · Analysis updated Nov 5, 2026, 11:49 AM ET
Why is Gartner (IT) stock moving?
Gartner beat Q3 expectations and raised full-year guidance, but the stock fell sharply anyway. It closed at $204.22 on Nov 3, down from $235.26, on volume of about 60.7K, roughly double the recent daily average. Investors focused on contract value growth of 2.5%, with management saying a 4% pace by year-end is unlikely. The stock had also rallied about 27% in the month before earnings, so expectations were high. Fundamentals remain solid: adjusted EPS rose 30%, free cash flow was $275M, and the company bought back $1.7B of stock over the last four quarters. Guidance now calls for adjusted EPS of at least $14.65. Management also cited pressure from the Middle East war and tech layoffs. Several analyst targets sit well below the current price, including Wells Fargo at $175 and Morgan Stanley at $182. The stock bounced slightly to $207.19 on Nov 4 on lower volume. Sentiment is mixed: the earnings and buyback story is good, but growth is slow and the stock reset from its highs.
News behind the analysis
- Gartner Reports Third Quarter 2026 Financial ResultsAdjusted EPS rose 30.1% to $3.59. Contract value was $5.3B, up 2.5% YoY. Full-year guidance was raised.
- Earnings call transcript: Gartner beats Q3 2026 estimates but shares fallAdjusted EPS of $3.59 beat the $2.84 estimate and revenue edged past forecasts. The stock fell about 9% premarket despite the raised guidance.
- Gartner Stock Crashed Despite Raised Guidance. Here's What Spooked InvestorsContract value growth of 2.5% disappointed, and management said a 4% pace by year-end is unlikely. The stock had run up 27% in the prior month.
- Gartner (IT) Q3 2026 Earnings Call TranscriptFull-year guidance was raised: revenue of at least $6.405B, EBITDA of at least $1.615B, adjusted EPS of at least $14.65 and free cash flow of at least $1.235B.
- Gartner Q3 2026 Earnings Call Highlights: Accelerating Contract Value, Raised Guidance, AI-Driven DemandWallet retention improved to 98% for GTS and 99% for GBS. The standard price increase took effect Nov 2.
- Gartner (NYSE:IT) Shares Gap Down - Should You Sell?The stock opened at $208 after closing at $235.26. Analyst targets are well below the share price, such as Wells Fargo at $175 (underweight) and Morgan Stanley at $182 (equal weight).
- Gartner, Inc. 2026 Q3 Earnings Call PresentationEPS of $3.59 beat by $0.75. Revenue of $1.50B was down 1.27% YoY but beat by about $17.7M.
In the Daily Standout
- November 3, 2026: on the shortlist −18.05%