Gartner reported Q1 2026 this morning.
On the surface, nothing changed. CV growth at 1%. Consulting still weak. Guidance unchanged. Same story as last quarter.
But something important shifted.
Three months ago, a similar setup triggered a 22% single-day collapse. Today, the stock was flat.
When a stock stops going down on similar bad news, it usually means one thing: expectations have fully reset and most of the forced selling is behind. That is not a small observation. That is often how bottoms are identified, not by the news getting better, but by the stock refusing to go lower on news that used to destroy it.
Click below for Q4FY2025 analysis.
I have been tracking this business closely for the past 17 quarters, and one thing is becoming clearer — CV is approaching an inflection point. The reported numbers may not show it yet, but the direction of travel is changing.
The setup today is very different from what the headline growth suggests.
