The end of the earnings season is always a good time to take a step back and see who shined (and who didn’t). Let’s take a look at how it services & consulting stocks fared in Q2, starting with Kyndryl (NYSE: KD).

IT Services & Consulting companies stand to benefit from increasing enterprise demand for digital transformation, AI-driven automation, and cybersecurity resilience. Many enterprises can't attack these topics alone and need IT services and consulting on everything from technical advice to implementation. Challenges in meeting these needs will include finding talent in specialized and evolving IT fields. While AI and automation can enhance productivity, they also threaten to commoditize certain consulting functions. Another ongoing challenge will be pricing pressures from offshore IT service providers, which have lower labor costs and increasingly equal access to advanced technology like AI.

The 8 it services & consulting stocks we track reported a satisfactory Q2. As a group, revenues were in line with analysts’ consensus estimates while next quarter’s revenue guidance was 0.7% below.

Luckily, it services & consulting stocks have performed well with share prices up 13.1% on average since the latest earnings results.

Kyndryl (NYSE: KD)

Born from IBM's managed infrastructure services business in a 2021 spinoff, Kyndryl (NYSE: KD) is the world's largest IT infrastructure services provider that designs, builds, and manages technology environments for enterprise customers.

Kyndryl reported revenues of $3.62 billion, down 3.3% year on year. This print fell short of analysts’ expectations by 0.7%, but it was still a very strong quarter for the company with a beat of analysts’ EPS estimates.

"Our first quarter results reflected strong momentum in signings, supported by strength in Kyndryl Consult and hyperscalers, with an increasing demand for AI-led modernization solutions," said Chairman and Chief Executive Officer Martin Schroeter.

Investor expectations, however, were likely higher than Wall Street’s published projections, leaving some wishing for even better results (analysts’ consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 10.1% since reporting and currently trades at $13.20.

Is now the time to buy Kyndryl? Access our full analysis of the earnings results here, it’s free.

Best Q2: Gartner (NYSE: IT)

With over 2,500 research experts guiding organizations through complex technology landscapes, Gartner (NYSE: IT) provides research, advisory services, and conferences that help executives make better decisions about technology and other business priorities.

Gartner reported revenues of $1.68 billion, flat year on year, outperforming analysts’ expectations by 1.8%. The business had an exceptional quarter with a beat of analysts’ EPS estimates.

Gartner scored the biggest analyst estimate beat among its peers. The market seems happy with the results as the stock is up 30.8% since reporting. It currently trades at $198.25.

Is now the time to buy Gartner? Access our full analysis of the earnings results here, it’s free.

Weakest Q2: Accenture (NYSE: ACN)

With a workforce of approximately 774,000 people serving clients in more than 120 countries, Accenture (NYSE: ACN) is a professional services firm that helps organizations transform their businesses through consulting, technology, operations, and digital services.

Accenture reported revenues of $18.72 billion, up 5.6% year on year, in line with analysts’ expectations. It was a slower quarter as it posted revenue guidance for next quarter missing analysts’ expectations.

Accenture delivered the weakest guidance update of the whole group. Interestingly, the stock is up 13% since the results and currently trades at $189.31.

Read our full analysis of Accenture’s results here.

IBM (NYSE: IBM)

With a corporate history spanning over a century and once known for its iconic mainframe computers, IBM (NYSE: IBM) provides hybrid cloud computing platforms, AI solutions, consulting services, and enterprise infrastructure to help businesses modernize their operations.

IBM reported revenues of $17.16 billion, up 1.1% year on year. This print missed analysts’ expectations by 1.5%. Overall, it was a slower quarter as it also produced EPS in line with analysts’ estimates.

IBM had the weakest performance against analyst estimates in the group. The stock is up 14.4% since reporting and currently trades at $235.43.

Read our full, actionable report on IBM here, it’s free.

DXC (NYSE: DXC)

Born from the 2017 merger of Computer Sciences Corporation and HP Enterprise's services business, DXC Technology (NYSE: DXC) is a global IT services company that helps businesses transform their technology infrastructure, applications, and operations.

DXC reported revenues of $3.00 billion, down 5.1% year on year. This result was in line with analysts’ expectations. Aside from that, it was a slower quarter as it logged a significant miss of analysts’ EPS estimates.

DXC had the slowest revenue growth and weakest full-year guidance update of the whole group. The stock is flat since reporting and currently trades at $11.15.

Read our full, actionable report on DXC here, it’s free.

Market Update

Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.

Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.

By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.

Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.