Description

Gartner’s $5.3B Contract Value Base: Can Ex-Federal Growth Reaccelerate?

Gartner, Inc. reported first quarter 2026 results with revenue of $1.5 billion, up 2% year-over-year as reported but down 1% on a foreign exchange (FX) neutral basis. Adjusted EBITDA rose 6% to $395 million (1% FX neutral), and adjusted EPS grew 11% to $3.32. Free cash flow increased 29% year-over-year to $371 million, reflecting strong operational cash generation. The company’s rolling four-quarter return on invested capital stood at approximately 27%. Contract value (CV) increased 1% year-over-year to $5.3 billion, marking an acceleration versus the prior quarter; excluding the U.S. federal government, CV growth was more robust at 3.5%. Gartner’s business segments showed mixed dynamics. Global Technology Sales (GTS) contract value grew more than 3% ex-Federal, supported by both new logos and expansion within existing accounts, though new business was down 4% largely due to geopolitical-related decision delays late in the quarter.