Why Gartner (IT) shares are getting obliterated today. Petr huřťák /. November 3, 2026 What happened? Shares of research and advisory firm Gartner (NYSE:IT) fell 13.4% in the afternoon session after the company reported a decline in GAAP revenue and operating cash flow for the third quarter of 2026. According to a company press release, Gartner reported GAAP revenue of $1,505 million for the third quarter of 2026, which marked a 1.3% decline compared with the previous year. On an FX-neutral basis, which adjusts for foreign currency fluctuations, GAAP revenue fell 1.1% year over year. Operating cash flow also fell 1.4% to $294 million compared with the previous year. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Gartner? Access our full analysis report here, it's free. What is the market telling us. Gartner's shares are extremely volatile and have had 30 moves greater than 5% over the last year. But moves this big are rare even for Gartner and indicate this news significantly impacted the market's perception of the business. The previous big move we wrote about was 14 days ago when the stock gained 4.5% on the news that Truist Securities and Wells Fargo both raised their price targets on Gartner after meetings around the company's IT Symposium. According to StreetInsider, Truist Securities analyst Jasper Bibb raised Gartner's price target to $235 from $205 while keeping a Buy rating, and Wells Fargo analyst Jason Hass raised his target to $175 from $150 while maintaining an Underweight rating. Truist cited Symposium meetings with management, noting conference attendance was up double digits year over year and that management's tone remained measured but confident in long-term contract-value acceleration and Gartner's value proposition. Wells Fargo's raise followed Symposium discussions on Gartner's BTI transformation, where the firm sees AI-driven uncertainty increasing client engagement and expects better impact, timeliness, research quantity, and user experience - including tools such as AskGartner and faster "quick-takes" research. Together, the notes point to improving operating momentum even as Street views remain split between Truist's Buy and Wells Fargo's still-cautious Underweight. Gartner is down 13.2% since the beginning of the year, and at $205.81 per share, it is trading 19.2% below its 52-week high of $254.59 from December 2025. Investors who bought $1,000 worth of Gartner's shares 5 years ago would now be looking at only $632.05. WHILE YOU'RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You've probably never heard of it. This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.

Gartner: Q3 earnings snapshot. November 3, 2026 | 6:12 AM STAMFORD, Conn. (AP) - STAMFORD, Conn. (AP) - Gartner Inc. (IT) on Tuesday reported third-quarter earnings of $214.4 million. On a per-share basis, the Stamford, Connecticut-based company said it had profit of $3.35. Earnings, adjusted for one-time gains and costs, came to $3.59 per share. The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.86 per share. The technology information and analysis company posted revenue of $1.5 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.48 billion. This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IT at https://www.zacks.com/ap/IT A popemobile exhibition at the Vatican features the vehicle popes have used since 1930 Watch More

Gartner Q3 earnings call highlights. November 3, 2026 Key points. * Q3 results topped expectations: Revenue rose 2% to $1.5 billion, adjusted EBITDA increased 8% to $364 million, and adjusted EPS climbed 30% to $3.59. * Contract value growth accelerated for a third consecutive quarter to 2.5% year over year, while retention improved. Gartner raised its full-year 2026 outlook, including adjusted EBITDA of at least $1.615 billion and adjusted EPS of at least $14.65. * Management cited longer sales cycles, technology-sector layoffs, and Middle East uncertainty as headwinds, and no longer expects non-federal contract value growth to reach 4% by the end of 2026. AI remains a major client demand area, though customers are seeking help turning investments into measurable benefits. * MarketBeat previews top five stocks to own in December. Gartner NYSE: IT reported third-quarter results that exceeded its expectations and raised its full-year 2026 outlook, as contract value growth accelerated for a third consecutive quarter and retention improved across its core research businesses. Chairman and Chief Executive Officer Gene Hall said third-quarter revenue, EBITDA, adjusted earnings per share and free cash flow all came in ahead of expectations. He also pointed to sequential improvement in net contract value increase, or NCVI, and continued normalization in the company's U.S. federal business. "Contract value growth accelerated for the third quarter in a row," Hall said, adding that wallet retention improved in both Global Technology Sales and Global Business Sales. Quarterly financial performance. Third-quarter revenue was $1.5 billion, up 2% from a year earlier on a reported basis and 3% on an FX-neutral basis, Chief Financial Officer Craig Safian said. Adjusted EBITDA rose 8% year over year to $364 million, while adjusted EPS increased 30% to $3.59. Free cash flow totaled $275 million in the quarter, up 2% from the prior-year period. On a rolling four-quarter basis, free cash flow was $1.3 billion, an increase of 6% year over year. Gartner's rolling four-quarter return on invested capital was 34%. Total contract value ended the quarter at $5.3 billion, representing 2.5% year-over-year growth and an 80-basis-point acceleration from the second quarter. Excluding the U.S. federal government business, contract value increased 2.8%. * Global Technology Sales contract value was $4 billion, up about 2% year over year, or 2.5% excluding U.S. federal business. * Global Business Sales contract value was $1.3 billion, up 3.7% from a year earlier. * GTS wallet retention improved sequentially to 98%, while GBS wallet retention was 99%. * Gartner generated approximately $240 million in new business during the quarter. Safian said core GBS subscription products grew about 7% during the quarter, led by high-single-digit growth in sales and finance practices. Software and services offerings within the company's technology vendor client segment grew in the mid- to high-single-digit range, while mid-sized enterprises posted mid-single-digit contract value growth. Conferences and consulting trends. Gartner's Conferences revenue was $86 million in the third quarter. On a same-conference basis, revenue grew about 8% FX-neutral, and contribution margin was 35%. The company held 13 destination conferences during the quarter. Discover more MarketBeat All Access Stock Market News Stock Screener Tool Hall said attendance at Gartner's IT Symposium/Xpo in Orlando rose by double digits year over year, with more than 7,500 technology leaders attending the four-day event. The company said 325 sessions at the event addressed artificial intelligence. Consulting revenue was $126 million, up 2% as reported and 3% FX-neutral. Consulting backlog at Sept. 30 was $217 million, up about 9% from a year earlier and marking the second consecutive quarter of year-over-year backlog growth. AI demand and BTI transformation. Management said AI remained the most requested topic among Gartner's clients. Hall said the company's research guides more than 75,000 senior executives on AI, including more than 10,000 chief information officers and their teams and more than 5,000 technology enterprises. Hall said some clients that initially adopted broad AI tools are returning to Gartner for help establishing business cases, managing costs and obtaining tangible benefits from their investments. "It is a lot harder than I thought to get any benefits from AI," Hall said clients have told Gartner, according to his characterization of their feedback. The company continued its BTI transformation, focused on improving the impact, timeliness, quantity and client experience of its research. Hall said Gartner has expanded higher-impact documents by a mid-single-digit rate and increased the total volume of documents at a double-digit rate. Safian added that engagement with Gartner's mobile app and AskGartner capabilities increased from a year earlier. External pressures and outlook. While management described the business as resilient, executives said external conditions continued to affect customer budget and spending decisions. Safian cited the war in the Middle East as a factor that created a more difficult selling and retention environment in the region. He also said layoffs among large technology vendors and longer sales cycles continued to present challenges. Gartner reported approximately $15 million of NCVI in its U.S. federal business during the quarter. Hall said the result reflected both returning customers and demand from new federal clients. Management said downsell activity has remained relatively stable for two consecutive quarters, which it views as a positive development for retention. However, Safian said the company no longer expects contract value growth excluding federal operations to reach a 4% rate by the end of 2026, although total contract value growth is still expected to continue accelerating. The company raised its full-year outlook and now expects: * Revenue of at least $6.405 billion, representing approximately 1% FX-neutral growth. * Adjusted EBITDA of at least $1.615 billion, $45 million above prior guidance. * Adjusted EPS of at least $14.65. * Free cash flow of at least $1.235 billion. Gartner repurchased $138 million of stock in the third quarter and $1.7 billion over the trailing 12 months. Safian said the company had about $1.1 billion remaining under its buyback authorization and would continue to pursue price-sensitive, opportunistic and disciplined repurchases, alongside strategic tuck-in acquisitions. About Gartner (NYSE:IT). Gartner, Inc is a global research and advisory company that provides information, analysis and guidance to business leaders, technology professionals and public-sector organizations. Its work focuses on helping clients evaluate technology markets, develop business strategies, manage risk and make decisions about digital transformation and other organizational priorities. The company delivers its services through research and advisory programs, consulting engagements, executive guidance and conferences. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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