ITGartner, Inc.

Ticker: IT | Filing: 10-Q | Filed: November 3, 2026 | Current Price: $205.71 | Today's Change: -12.56%

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What Happened

Gartner, Inc. filed its quarterly report (10-Q) with the SEC on November 3, 2026, covering the third quarter of fiscal year 2026. The filing reveals revenues of $4.74 billion for Q3 FY2026, alongside operating income of $691.5 million and net income of $210.9 million. Diluted earnings per share came in at $6.35, with basic EPS at $6.37 — figures drawn directly from the company's XBRL-reported financial data.

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Why It Matters

Despite reporting substantial operating income of $691.5 million for the quarter, the stock is down sharply — off 12.56% at the time of this report — suggesting the market's reaction is being driven by factors beyond the headline revenue figure. For investors, the key dynamic to watch is the notable gap between operating income ($691.5M) and net income ($210.9M), which implies significant below-the-line charges — interest expense, tax provisions, or other items — that meaningfully compressed the bottom line. The filing does not provide a full breakdown of those charges in the structured XBRL data available here, so investors should review the full 10-Q text for detail. At $205.71, the stock is trading essentially at the price target outlined in StockWatch's initiating coverage published September 8, 2026, making today's sharp decline a notable development relative to that prior analysis.

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Analysis

The revenue figure of $4.74 billion for a single quarter underscores Gartner's continued scale as a research and advisory services firm. However, the compression from operating income to net income — roughly a 70% reduction — is the detail most likely driving the market's sharp negative reaction today. Investors will want to scrutinize the interest expense line in particular, given Gartner's historically leveraged balance sheet, as well as any changes to deferred revenue balances, which are a key leading indicator for the subscription-heavy research segment. The wide gap also warrants a close look at any one-time charges or tax items disclosed in the filing narrative. With shares now trading around $205.71, the market appears to be re-rating near-term earnings quality rather than simply reacting to top-line performance. What to watch next: management commentary on contract value growth and renewal rates, which will determine whether this quarter's net income compression is structural or transitory.

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Disclaimer

This report is a news and informational analysis based on data extracted from Gartner, Inc.'s SEC filing and is provided for informational purposes only. It does not constitute investment advice, a recommendation to buy or sell any security, or a solicitation of any kind. Past performance is not indicative of future results. Readers should conduct their own due diligence and consult a qualified financial advisor before making any investment decisions.

Existing Coverage

StockWatch has full coverage on IT, published 2026-09-08. Read our Initiating Coverage →

Source

Filed with the SEC on 2026-11-03. Read the original filing on EDGAR: https://www.sec.gov/Archives/edgar/data/749251/000074925126000307/it-20260930.htm