Gartner

Gartner has revised its forecast upward and expects global AI spending to reach $2.7 trillion in 2026, an increase of 49.5% year over year. About $1.48 trillion is attributed to infrastructure, while AI software is estimated at $461 billion and AI services at $576 billion. Drivers include capacity expansion by hyperscalers, integration of AI into software, and rising demand for AI-optimized servers; Gartner forecasts $3.6 trillion for 2027. Generative AI is expected to grow strongly, with the segment projected to rise 117% to $28.3 billion in 2026. » More on heise.de

Gartner reported Q2 adjusted EPS of $4.37 and revenue of $1.68 billion, both beating analyst expectations, while net income and free cash flow rose. The company raised full-year EPS guidance to $14 and increased its FCF target despite slightly lower revenue guidance due to currency headwinds. The upbeat results and guidance, plus possible short-covering, drove a 31.2% share-price rally in August. » More on finance.yahoo.com

Gartner reported Q2 adjusted EPS of $4.37 on revenue of about $1.7 billion, beating analyst estimates, while net income and free cash flow rose 14.4% and 8.9% respectively. The company raised full-year adjusted EPS guidance to $14 (from $13.25) and lifted free cash flow guidance to $1.185 billion, while shaving revenue guidance slightly due to adverse FX. Gartner's board increased the share repurchase authorization by $500 million, supporting the stock rally. » More on finance.yahoo.com