Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Gartner, Inc. reported second quarter 2026 financial results surpassing expectations across key metrics, including revenue, EBITDA, adjusted EPS, and free cash flow, with return on invested capital remaining strong at 31%.</li><li>Overall revenue reached $1.7 billion, reflecting a 3% reported and 2% foreign exchange (FX) neutral year-over-year increase.</li><li>Contract value (CV) growth accelerated to 2% year-over-year, improving 70 basis points sequentially, with ex-U.S. federal government CV up 3.3%.</li></ul>

Gartner, Inc. reported second quarter 2026 financial results surpassing expectations across key metrics, including revenue, EBITDA, adjusted EPS, and free cash flow, with return on invested capital remaining strong at 31%.Overall revenue reached $1.7 billion, reflecting a 3% reported and 2% foreign exchange (FX) neutral year-over-year increase.Contract value (CV) growth accelerated to 2% year-over-year, improving 70 basis points sequentially, with ex-U.S. federal government CV up 3.3%.

Gartner’s $4 Billion Technology Contract Base — Growth Is Starting To Reaccelerate!

<ul><li>Gartner, Inc. reported first quarter 2026 results with revenue of $1.5 billion, up 2% year-over-year as reported but down 1% on a foreign exchange (FX) neutral basis.</li><li>Adjusted EBITDA rose 6% to $395 million (1% FX neutral), and adjusted EPS grew 11% to $3.32.</li><li>Free cash flow increased 29% year-over-year to $371 million, reflecting strong operational cash generation.</li></ul>

Gartner, Inc. reported first quarter 2026 results with revenue of $1.5 billion, up 2% year-over-year as reported but down 1% on a foreign exchange (FX) neutral basis.Adjusted EBITDA rose 6% to $395 million (1% FX neutral), and adjusted EPS grew 11% to $3.32.Free cash flow increased 29% year-over-year to $371 million, reflecting strong operational cash generation.

Gartner’s $5.3B Contract Value Base: Can Ex-Federal Growth Reaccelerate?

<ul><li>Gartner, Inc. reported full-year 2025 financial results that showed growth and operational resilience amid a challenging external environment marked by government spending constraints, evolving trade policies, and a shifting technology landscape.</li><li>Revenue for 2025 increased by 4% (3% FX neutral) to $6.5 billion, with fourth-quarter revenue of $1.8 billion, up 2% year-over-year.</li><li>Adjusted EBITDA was $1.6 billion for the year, corresponding to a margin of 24.8%, exceeding previous guidance.</li></ul>

Gartner, Inc. reported full-year 2025 financial results that showed growth and operational resilience amid a challenging external environment marked by government spending constraints, evolving trade policies, and a shifting technology landscape.Revenue for 2025 increased by 4% (3% FX neutral) to $6.5 billion, with fourth-quarter revenue of $1.8 billion, up 2% year-over-year.Adjusted EBITDA was $1.6 billion for the year, corresponding to a margin of 24.8%, exceeding previous guidance.

Gartner Navigating Macro Headwinds—Can Innovation and AI Offset Growth Pressures?

<ul><li>Gartner's third-quarter 2025 financial results surpassed expectations amidst a dynamic macroeconomic environment.</li><li>The company navigated challenges like changes in the federal government and evolving tariff policies through operational adaptations that contributed to increased client retention and improved contract renewal rates.</li><li>Gartner's client engagement indicators have shown positive trends, signaling potential future growth.</li></ul>

Gartner's third-quarter 2025 financial results surpassed expectations amidst a dynamic macroeconomic environment.The company navigated challenges like changes in the federal government and evolving tariff policies through operational adaptations that contributed to increased client retention and improved contract renewal rates.Gartner's client engagement indicators have shown positive trends, signaling potential future growth.

Gartner Inc: Setting the Stage for Breakthrough Revenue Growth With Smart Expansion!

AI | Semiconductors | Commodities, Mint Finance

Raghav Vashisht

AI | Semiconductors | Commodities

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Thematic (Sector/Industry)

<ul>
<li>Enterprises are slashing AI bills by up to 17x through "model routing," i.e. using cheap open models for routine execution while reserving expensive frontier models strictly for high-stakes workflows.</li>
<li>Plunging token prices are clashing with surging infrastructure costs; OpenAI is bleeding cash subsidising free users, while Anthropic’s projected profitability relies heavily on temporary and discounted compute deals.</li>
<li>The survival of frontier labs depends on ditching opaque token metering. Enterprises demand fixed-cost, embedded workflows over open-ended compute bills that spike unpredictably based on hidden context lengths.</li>
</ul>


Enterprises are slashing AI bills by up to 17x through "model routing," i.e. using cheap open models for routine execution while reserving expensive frontier models strictly for high-stakes workflows.
Plunging token prices are clashing with surging infrastructure costs; OpenAI is bleeding cash subsidising free users, while Anthropic’s projected profitability relies heavily on temporary and discounted compute deals.
The survival of frontier labs depends on ditching opaque token metering. Enterprises demand fixed-cost, embedded workflows over open-ended compute bills that spike unpredictably based on hidden context lengths.


The Great AI Arbitrage: Plunging Token Prices Meet Surging Capex

United States

Gartner, Inc. provides research and analysis on the computer hardware, software, communications, and related information technology industries.  The Company's business segments include research, consulting, measurement, events and executive programs.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Gartner Inc (IT US)

Gartner’s $4 Billion Technology Contract Base — Growth Is Starting To Reaccelerate!

Gartner, Inc. reported second quarter 2026 financial results surpassing expectations across key metrics, including revenue, EBITDA, adjusted EPS,...

Baptista Research

Gartner’s $5.3B Contract Value Base: Can Ex-Federal Growth Reaccelerate?

Gartner, Inc. reported first quarter 2026 results with revenue of $1.5 billion, up 2% year-over-year as reported but down 1% on a foreign exchange...

Baptista Research

Gartner Navigating Macro Headwinds—Can Innovation and AI Offset Growth Pressures?

Gartner, Inc. reported full-year 2025 financial results that showed growth and operational resilience amid a challenging external environment...

Baptista Research

Gartner Inc: Setting the Stage for Breakthrough Revenue Growth With Smart Expansion!

Gartner's third-quarter 2025 financial results surpassed expectations amidst a dynamic macroeconomic environment. The company navigated challenges...

Baptista Research

The Great AI Arbitrage: Plunging Token Prices Meet Surging Capex

Token prices are plunging, AI capex is surging, and enterprises are exploiting the gap. Discover why model routing is squeezing OpenAI and...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)