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CEO NA Magazine > News > Gartner revises forecast on strong AI demand

Gartner revises forecast on strong AI demand

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Gartner revises forecast on strong AI demand
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Gartner, Inc. today reported results for the first quarter of 2026 and updated its financial outlook for the full year 2026.

Gartner’s Q1 Highlights include:

• Revenues: $1.5 billion.

• Net income: $222 million, +5.4% as reported; Adjusted EBITDA excluding divested operation: $395 million

• Operating cash flow: $391 million, +24.7%; free cash flow: $371 million, +28.7%.

• Repurchased 3.3 million common shares for $535 million.

• Board of Directors increased the share repurchase authorization by $600 million in April 2026.

The company raised its annual profit outlook thanks to steady demand for its ‌research and advisory services, as businesses continue ‌to evaluate technology upgrades and AI adoption strategies. Gartner ‌now projects 2026 ‌adjusted earnings at $13.25 per share.

Gene Hall, Gartner’s Chairman and Chief Executive Officer, told investors, “Contract Value accelerated in the quarter. Insights revenue, Adjusted EBITDA excluding divested operation, Adjusted EPS, and free cash flow were ahead of expectations. We repurchased $535 million of stock in the quarter, as our capital allocation continues to create value for our shareholders. In addition, we increased our full year Adjusted EBITDA excluding divested operation, Adjusted EPS, and free cash flow guidance.”

Gartner’s research has become essential in technology planning and vendor evaluation across various industries, backed by extensive data sets and domain expertise.

Gartner stock rose almost 2% following the announcement.

By CEO NA Editorial Staff

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