Gartner Adds $500M to Buyback After Q2 EPS Beat; $1.14B Remaining
IT sits 33% above its 52-week low of $124.25.
Summary
Gartner reported Q2 2026 EPS of $4.14, a 33% increase, and authorized an additional $500 million for share repurchases, with $1.14 billion now available.
Key Events · Earnings and Guidance · IT
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Q2 EPS Beats, Up 33%
Diluted EPS of $4.14 exceeded expectations, rising 33.1% year-over-year on margin improvement and a lower share count from buybacks.
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$500M Buyback Authorization Added
On July 30, 2026, the board authorized an incremental $500 million for share repurchases, increasing the total remaining authorization to approximately $1.14 billion.
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Strong Free Cash Flow
Operating cash flow rose 3.8% to $398 million, while free cash flow climbed 8.9% to $378 million, providing ample support for the expanded buyback.
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Revenue Slightly Down, Adjusted Revenue Up
GAAP revenue declined 0.6% to $1.68 billion, but adjusted revenue—excluding divested operations—grew 2.8% as reported.
Analysis · IT · Trade & Services
A strong second quarter saw EPS reach $4.14, a 33% year-over-year jump, fueled by margin expansion and aggressive share repurchases. Signaling confidence in sustained cash generation, the board added $500 million to the buyback program, bringing the total remaining authorization to approximately $1.14 billion. While the earnings results were already disclosed in the concurrent 10-Q, the expanded buyback underscores a commitment to returning capital.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.6% of the 1645 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, IT was trading at $164.99 on NYSE in the Trade & Services sector, with a market capitalization of approximately $10.1B. The 52-week trading range was $124.25 to $337.29. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.