After trading flat yesterday, Gartner Inc. (IT +18.26%) stock is making a notable move higher today. The business intelligence specialist announced second-quarter 2026 financial results before the market opened this morning, and investors are clearly impressed with what Gartner reported.
As of 11:13 a.m. ET, shares of Gartner are up 15.9%.
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A drop in revenue isn't dissuading investors from clicking the buy button
Exceeding the expectations of analysts that it would report $1.65 billion on the top line, Gartner posted $1.68 billion in revenue for Q2 2026, a 0.6% year-over-yer decrease.
NYSE: IT
Key Data Points
At the bottom of the income statement, the company reported even more surprising results. Gartner booked adjusted earnings per share (EPS) of $4.37, significantly better than the $3.73 that analysts had anticipated.
In addition to the Q2 2026 results, Gartner provided an update to 2026 guidance. Whereas it had originally forecast 2026 adjusted EPS of $13.25, it now forecasts $14. Plus, it raised 2026 free cash flow guidance to $1.19 billion from $1.16 billion.
Is it too late to buy Gartner stock?
Despite the major move in Gartner's stock, investors who have the tech stock on their radars have a great opportunity to buy now. The tech stock is currently sitting in the bargain bin. Currently, shares of Gartner are trading at 8.4 times operating cash flow, a deep discount to their five-year average cash flow multiple of 19.6.
