실적 발표 분석으로 건너뛰기
← 피드로 돌아가기
IT FY2026 Q2 IMPROVING

Gartner, Inc. 실적 발표

Aug 04, 2026 · 08:00 ET Craig SafianDavid CohenGene Hall
Buzzberg 분석

CV growth accelerated for second consecutive quarter

Gartner's Q2 2026 results beat expectations, leading to raised full-year guidance for EBITDA, EPS, and free cash flow. Contract value growth accelerated for the second consecutive quarter, driven by improvements in the public sector and mid-sized enterprise clients. Management is cautiously optimistic about the selling environment, noting that AI remains the top demand driver while broader macro uncertainty continues. Total company CV growth accelerated to 2% YoY (from ~1.3% in Q1), the second consecutive quarter of acceleration; ex-Fed CV growth was 3.3%.

Buzzberg 분석 CV growth accelerated for second consecutive quarter Gartner's Q2 2026 results beat expectations, leading to raised full-year guidance for EBITDA, EPS, and free cash flow. Contract value growth accelerated for the second consecutive quarter, driven by improvements in the public sector and mid-sized enterprise clients. Management is cautiously optimistic about the selling environment, noting that AI remains the top demand driver while broader macro uncertainty continues. Total company CV growth accelerated to 2% YoY (from ~1.3% in Q1), the second consecutive quarter of acceleration; ex-Fed CV growth was 3.3%. 전체 분석 보기분석 접기

Gartner's Q2 2026 results beat expectations, leading to raised full-year guidance for EBITDA, EPS, and free cash flow. Contract value growth accelerated for the second consecutive quarter, driven by improvements in the public sector and mid-sized enterprise clients. Management is cautiously optimistic about the selling environment, noting that AI remains the top demand driver while broader macro uncertainty continues. Total company CV growth accelerated to 2% YoY (from ~1.3% in Q1), the second consecutive quarter of acceleration; ex-Fed CV growth was 3.3%.

  • Full-year guidance raised: EBITDA now at or above $1.57bn, Adjusted EPS at or above $14.00, and FCF at or above $1.185bn.
  • Management noted a 'mixed' ex-Fed selling environment but expects CV growth to 'continue to reaccelerate' through execution improvements rather than a macro recovery.
  • U.S. Federal government CV returned to positive net contract value in Q2, a key contributor to the acceleration.
Revenue $1.6759B +11% QoQ
EPS $4.37 +32% QoQ
Gross margin 70.95% reported
Op margin 22.63% reported

이번 분기에 달라진 점

01
Demand

CV growth accelerated for second consecutive quarter

Management expressed optimism about future growth, citing accelerating contract value, improving client engagement, and a raised full-year guidance.

02
Demand

Government CV returned to positive growth, leading indicator

CV growth accelerated for second consecutive quarter. Management expressed optimism about future growth, citing accelerating contract value, improving client engagement, and a raised full-year guidance.

03
Demand

Wallet retention improves as downsell stabilizes

CV growth accelerated for second consecutive quarter. Management expressed optimism about future growth, citing accelerating contract value, improving client engagement, and a raised full-year guidance.

04
Product

Insights transformation driving volume and impact gains

Management noted a 'mixed' ex-Fed selling environment but expects CV growth to 'continue to reaccelerate' through execution improvements rather than a macro recovery.

AI, 자본지출 및 수요 분석

AI

플랫폼 및 수익화

Management emphasized AI as the single most requested topic across client types, driving strong demand for Gartner's insights. They highlighted their unique position serving 80,000 business leaders, 10,000 CIOs, and 5,000 tech providers, and their comprehensive AI coverage. AI demand is a key driver, though it also contributes to client uncertainty and budget scrutiny.

수요

수주 및 전환

CV growth accelerated for second consecutive quarter. Management expressed optimism about future growth, citing accelerating contract value, improving client engagement, and a raised full-year guidance.

자본지출

투자 및 생산능력

Capex is not discussed in the transcript.

톤 · Confident

Management expressed optimism about future growth, citing accelerating contract value, improving client engagement, and a raised full-year guidance.

향후 가이던스

ImprovingGuidance · revenue to $6.375B · was IN LINE last Q
지표기간범위중간값상태
EPSFY2026$14.00$14.00RAISED
RevenueFY2026$6.375B$6.375BMAINTAINED