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Gartner Shares Fall 18% on Results Day Despite Earnings Beat

Gartner shares fell almost 18% in New York trading today, ranking second among their biggest daily moves in 126 sessions, even though the company reported third-quarter earnings and revenue ahead of analyst estimates.

Gartner (NYSE: IT), the research and advisory company, was down 17.96% at $193.01 as of 15:00 London time today, the day it reported third-quarter results. The shares have traded between $185.06 and $208.15 so far, with the US session still running.

At $193.01 the stock sits 24.2% below its 52-week high and 53.5% above its 52-week low. It is down 23.5% so far this year, and today’s fall has taken it well below the $208.15 reached earlier in the session.

Line chart of Gartner's daily share price over the month to 3 November 2026, with the day of its results marked.
Gartner’s daily share price over the month to today, with today’s session marked; the last point is a delayed intraday quote.

How unusual this is

Today’s move ranks second among Gartner’s biggest daily moves over the past 126 sessions, roughly six months of trading. Only one session in that window has moved the shares by more. The 15:00 level is a snapshot, and the US session has hours still to run.

Bar chart of Gartner's daily percentage changes over six months to 3 November 2026, with the day's fall highlighted.
Gartner’s daily percentage changes over six months, with today’s move highlighted.

In the news

Gartner said in its results release today that third-quarter revenue was $1.5bn, down 1.3% (down 1.1% at constant currency), while adjusted earnings per share rose 30.1% to $3.59. Diluted earnings per share were $3.35 and net income was $214m. Adjusted EBITDA, a measure of operating profit, was $364m, up 7.5% excluding a divested operation.

Revenue of $1.50bn compared with consensus of $1.49bn, adjusted earnings of $3.59 a share with $2.84, a 26.4% beat, and EBITDA of $364m with $327.5m.

Contract value, at constant currency, was $5.3bn, up 2.5% on a year earlier and 1.1% on the previous quarter. Operating cash flow was $294m, down 1.4%, and free cash flow $275m, up 2.2%. Gartner repurchased 0.9m shares for $138m.

Gartner also appeared among the biggest downward movers last Tuesday, 27 October, four sessions ago.

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Asktraders News Team
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The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.

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