Forrester Research Q2 Earnings Call Summary
Forrester Research (NASDAQ:FORR) reported second-quarter results that met internal expectations, with revenue declining by 10% year over year to $100.2 million and adjusted operating income falling 24%. Despite these declines, the company maintained its full-year guidance for revenue between $350 million and $360 million, an operating margin of 6%-6.5%, and EPS in a range of $0.72-$0.82. Management highlighted positive trends such as increased client count to 1,770 and growing AI adoption, with Forrester AI users rising by 69% year over year. The company also reported roughly $10 million in bookings for its new AI Access product since launch. Additionally, Q2 contract-value bookings grew, especially in technology research and international markets. Forrester plans to accelerate share buybacks after repurchasing about $1 million during the quarter. CEO George Colony noted that while consulting and events revenue declined due to market uncertainty and a strategic decision to exit strategy consulting, he remains confident in achieving performance goals for the remainder of 2026.
Tickers: $FORR
Topics: ai_adoption guidance operating_income revenue share_buybacks