NYSE$IT

Gartner Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Gartner's Q2 2023 financial results were reported, showing revenue growth and contract value increase.

Gartner reported a strong second quarter with a 9.2% increase in revenue to $1.5 billion and an 8.9% YoY increase in total contract value. The company's net income was $198 million, and diluted EPS was $2.48. Gartner is increasing its adjusted EBITDA, Free Cash Flow and adjusted EPS guidance for 2023.

  • Revenues reached $1.5 billion, a 9.2% increase as reported and 10.0% on an FX neutral basis.
  • Net income was $198 million, a 3.4% decrease as reported.
  • Diluted EPS was $2.48, a 2.0% decrease.
  • Free cash flow was $410 million, a 4.0% increase.

Headline financials

Total Revenue

$1.5B

Previous: $1.38B+9.2%
EPS (adj)

$2.85

Previous: $2.85+0.0%
GTS Contract Value

$3.5B

Previous: $3.4B+2.9%
GBS Contract Value

$1B

Previous: $900M+11.1%
Capital Expenditures

-$46.7M

Previous: -$38.4M-21.6%
Free Cash Flow

$151M

Previous: $167M-9.1%
Net Income

$198M

Previous: $205M-3.4%
Operating Income

$283M

Previous: $297M-4.7%
Gross Profit

$1.02B

Previous: $952M+6.7%
Cash & Equivalents

$1.17B

Previous: $360M+225.4%
Total Assets

$7.36B

Previous: $6.59B+11.6%
Stock-Based Comp

$32.2M

Previous: $24.5M+31.8%

Revenue & EPS history

Gartner · Revenue · Quarterly

$1.5B

Q2 2023+9.2%vs Q2 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Gartner · $295M total across 2 segments · Q2 2023

  • Conferences
    $169M+48.2%
  • Consulting
    $126M+4.1%

Forward guidance

Gartner is increasing its adjusted EBITDA, Free Cash Flow and adjusted EPS guidance for 2023 and remains well prepared for a wide range of economic scenarios.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

+1.0%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+2.6%

Avg return

30 days after

50%

34 / 68 earnings

Positive

+17.0%

Q1 2021

Best reaction

-20.9%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.6%+7.4%+11.0%
Q4 2025-20.9%-22.8%-15.5%
Q3 2025-7.6%-6.2%-5.6%
Q1 2025+1.3%+1.3%-1.3%
Q4 2024-0.1%-3.4%-11.8%
Q3 2024+6.3%+8.4%+2.3%
Q2 2024+6.4%+1.8%+3.2%
Q1 2024-5.9%-4.5%-7.6%
Q4 2023-4.2%-1.3%+0.0%
Q3 2023+16.3%+18.8%+30.7%
Q2 2023-3.6%-4.7%-1.1%
Q1 2023-0.6%-1.3%+10.6%
Q4 2022+1.6%+2.0%-2.5%
Q3 2022+5.5%+5.8%+18.0%
Q2 2022+7.1%+9.8%+8.3%
Q1 2022-3.4%-12.8%-7.4%
Q4 2021+2.7%-2.1%-4.7%
Q3 2021-0.8%+0.9%-3.0%
Q2 2021+9.4%+10.5%+17.7%
Q1 2021+17.0%+18.5%+18.0%
Q4 2020+7.5%+8.8%+10.8%
Q3 2020+13.8%+18.4%+22.1%
Q2 2020+3.0%+4.7%+4.7%
Q1 2020+6.6%+0.9%+17.4%
Q4 2019-5.8%-6.9%-23.4%
Q3 2019+6.4%+7.5%+9.4%
Q2 2019-18.4%-20.9%-22.7%
Q1 2019-4.8%-4.7%-4.5%
Q4 2018-0.2%-3.1%-1.1%
Q3 2018-3.7%-3.6%+3.8%
Q2 2018-0.5%+3.4%+10.6%
Q1 2018+7.9%+9.1%+11.0%
Q4 2017-6.9%-9.9%-6.0%
Q3 2017-5.5%-6.2%-4.5%
Q2 2017-4.9%-7.4%-2.9%
Q1 2017-0.2%+0.2%+6.5%
Q4 2016+0.8%-0.1%+4.7%
Q3 2016+8.3%+13.5%+16.1%
Q2 2016-4.5%-5.2%-8.0%
Q1 2016+11.2%
Q4 2015-4.1%
Q3 2015-4.4%
Q2 2015+1.8%
Q1 2015+1.8%
Q4 2014-7.8%
Q3 2014+3.9%
Q2 2014+2.4%
Q1 2014+8.6%
Q4 2013-1.9%
Q3 2013+3.0%
Q2 2013-8.2%
Q1 2013-0.5%
Q4 2012-5.7%
Q3 2012-4.9%
Q4 2011+7.7%
Q2 2012+7.7%
Q1 2012-2.6%
Q3 2011+4.5%
Q2 2011+2.4%
Q1 2010-6.8%
Q1 2011+2.3%
Q4 2008-3.3%
Q4 2010-3.3%
Q3 2010-1.7%
Q3 2009-1.7%
Q2 2010+11.7%
Q4 2009+11.7%
Q2 2009+11.7%

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