Forrester Reports Q3 2026 Revenue Decline Amid Federal Funding Delays and Consulting Exit
Forrester Research (FORR) reported a decline in third-quarter results, with total revenue falling 9% year-over-year to $86.1 million. The company faced significant headwinds in its consulting segment, which saw a 31% decrease as it continues its strategic exit from the strategy consulting business. Additionally, market uncertainty and delays in U.S. federal government funding impacted contract values, leading to a 3.5% year-over-year decrease in total contract value. Despite these challenges, Forrester showed strength in client retention and AI engagement, with user prompts increasing by 142%. The company is managing costs through restructuring, resulting in a 10% headcount reduction. While full-year revenue guidance suggests a decline of 9% to 12%, management raised the lower end of its adjusted EPS guidance due to effective cost management and ongoing stock repurchases.
Tickers: $FORR
Topics: Contract Value Earnings Per Share Financial Guidance Revenue Decline Stock Repurchases
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