1) Financial Performance Overview
- Q2 2026 revenue reached $1.7 billion, up 3% YoY (2% FX neutral).
- EBITDA was $466 million, a 6% increase YoY (4% FX neutral).
- Adjusted EPS rose 24% YoY to $4.37.
- Free cash flow improved by 9% YoY to $378 million.
- Contract value (CV) grew 2% YoY, marking a 70-basis-point acceleration from Q1.

2) Client Engagement and Market Demand
- Client engagement improved by 140 basis points YoY, with digital engagement up 110 basis points and human interactions up 150 basis points.
- Strong demand for AI-related insights, with AI being the most requested topic among clients.
- Midsized enterprise clients across GTS and GBS grew mid-single digits YoY, while government clients showed positive NCVI.
- Wallet retention rates improved, with GBS at 99% and GTS at 97%.

3) Operational Strategies and Transformation
- Gartner is focused on its Business and Technology Insights (BTI) transformation, enhancing volume, impact, timeliness, and user experience.
- The number of documents in the Insights library increased by 18%, with a significant rise in higher-impact documents.
- Continued improvements in the digital experience and analyst capabilities are expected to enhance client value.

4) Guidance and Future Outlook
- Full-year revenue guidance is now at or above $6.375 billion, reflecting FX-neutral growth of 1%.
- EBITDA guidance raised to at least $1.57 billion, with margins expected at or above 24.6%.
- Adjusted EPS is projected to be at least $14, with a compound annual growth rate above 12% over the next three years.
- Free cash flow is expected to be at least $1.185 billion for the year.

5) Challenges and Market Conditions
- Persistent macroeconomic and geopolitical challenges are creating budget pressures, leading to increased scrutiny of expenses and delayed decisions among clients.
- The selling environment is mixed, with some sectors improving while others remain challenging.
- The company is adapting to these conditions through its ongoing transformation and by focusing on delivering value to clients.

Bottom line: Gartner's strong Q2 performance, driven by improved client engagement and demand for AI insights, positions the company well for future growth, despite ongoing macro challenges. The raised guidance reflects confidence in continued acceleration of contract value growth and robust free cash flow generation, making it a compelling proposition for shareholders.