Why Is GARTNER INC (IT) Stock Down Today?

Gartner Inc. shares fell 12.63% to close at $205.54 on Monday. The decline followed the release of third-quarter financial results that showed revenue of $1.5 billion, a 1.3% decrease as reported. Despite the top-line dip, the company raised its full-year 2026 adjusted earnings per share guidance to $14.65 from $14.00.

What Happened

Gartner reported third-quarter adjusted earnings per share of $3.59, significantly exceeding the consensus estimate of $2.84. The company also reported contract value growth, with total contract value reaching $5.3 billion. Management raised its full-year outlook, projecting adjusted EBITDA of at least $1.615 billion, up from a previous estimate of at least $1.570 billion. Free cash flow guidance was also increased to at least $1.235 billion from at least $1.185 billion. Specific segment guidance for fiscal 2026 includes insights revenue of at least $5.18 billion, conferences of at least $710 million, and consulting of at least $515 million. The company filed a Form 8-K with the SEC on November 3, 2026, disclosing these operational results and financial condition updates.

What The Data Shows

The stock opened at $225.00, a 4.4% gap down from the prior close of $235.26. The session low was $185.00 at 9:35 AM ET, while the session high remained at the opening price of $225.00. Volume stood at 0.9 million shares, which is 0.7 times the three-month daily average. The stock printed seven fresh 52-week lows on November 3, 2026. Current fundamentals show a market capitalization of $14.4 billion and a P/E ratio of 21.5. The 52-week range is $124.25 to $256.89. Recent insider activity includes five sales totaling $1.4 million over the last 90 days, with no buys. Congressional disclosures show one buy and five sells in the same period, including a purchase by Representative Ro Khanna in August 2026.

What To Watch

Investors will monitor how the market digests the raised full-year guidance against the slight revenue decline. The breadth of coverage, with nine stories from seven sources in the last 36 hours, suggests continued focus on the company's contract value acceleration and adjusted earnings trajectory.