IT · Earnings call · 2026Q2T · Full report

Capital Return Program

GARTNER INC · 2026-08-04 · Importance 74 · Surprise 58 · In source text

Gartner repurchased $547 million of stock during the second quarter, reducing its share count by more than 5% sequentially. The company had 67 million weighted-average shares in the quarter, down approximately 14% year-over-year, and exited the quarter with 64 million shares on an unweighted basis. The Board increased the buyback authorization to approximately $1.2 billion in early August 2026. Management expects to deploy future capital opportunistically toward stock repurchases and strategic value-enhancing tuck-in acquisitions.

Key facts

• The company repurchased $547 million of stock during the second quarter, reducing share count by more than 5% sequentially.
• Last week, the Board increased the buyback authorization to about $1.2 billion.
• Guidance is based on 66 million fully diluted weighted average shares outstanding.
• Exited Q2 with about 64 million fully diluted shares.
• We had 67 million shares outstanding in the second quarter, an improvement of about 11 million shares or approximately 14% year-over-year.
• Exited the second quarter with 64 million shares on an unweighted basis.
• Company said they reduced their share count by another 5% in Q2 through buybacks of $547 million.
• Company expects to continue to drive strong free cash flow and to put it to use to drive incremental shareholder value (forward-looking statement).

Impact estimates