Forrester Reports Q2 Earnings with Revenue Decline Amid Strategic Shifts
Forrester Research, Inc. (FORR) reported second-quarter revenue of $100.2 million in July 2026, a 10% decline from the same period in 2025. The company cited market uncertainty and its decision to exit the strategy consulting business as key factors behind the drop in Consulting Revenue (-15%) and Events Revenue (-17%). Despite these declines, Forrester saw growth in AI adoption metrics, with users increasing by 69% year over year and prompts rising by 105%. The company maintained its full-year revenue guidance of $350 million to $360 million but expects continued mid-single-digit research segment declines. Forrester also reported an adjusted diluted EPS of $0.40, down from $0.51 in the prior year period, and a 3% decline in Contract Value (CV), consistent with Q1 performance. The company repurchased $1 million worth of shares during the quarter under its remaining buyback authorization of over $76 million. Management noted stabilization in contract value metrics and projected a return to CV growth by late 2026. The B2B Summit North America attracted record attendance, with 59 sponsors contributing to an estimated $3.5 million in new bookings.
Tickers: $FORR
Topics: adjusted_earnings_per_share ai_product_bookings client_retention revenue