Gartner's (IT) 2026 revenue and adjusted earnings before interest, taxes, depreciation, and amortization guidance may undershoot consensus by a wider margin than usual, driven mainly by the divestiture of most of its non-subscription business and a more conservative management outlook, UBS Securities said in a Friday note.

The firm sees potential for 2026 total revenue guidance as low as $6.5 billion versus consensus of about $6.72 billion, and adjusted EBITDA guidance around $1.5 billion compared with the Street's $1.62 billion. Analysts surveyed by FactSet expect revenue of $6.71 billion.

Gartner is scheduled to report its Q4 results on Tuesday.

UBS said Gartner may reset its contract value growth targets, potentially easing near-term overhang on the stock, while possible layoffs and restructuring point to some tacit acknowledgements of artificial intelligence-related headwinds.

The brokerage forecasts fourth-quarter CV growth of about 1.1%, below the Street's roughly 2% estimate, with additional downside risk if seasonal trends soften.

The firm maintained a neutral rating on the stock with a price target of $270.

Shares of Gartner were down 2.8% in recent Monday trading.

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