Forrester (FORR) Q2 2026 Earnings Call Transcript
Thursday, July 30, 2026 at 4:30 p.m. ET CALL PARTICIPANTS Chief Executive Officer and Chairman - George F. Colony Chief Financial Officer - Leo Christian Finn Vice President of Corporate Development, and Investor Relations - Ed Bryce Morris Chief Product Officer - Carrie Johnson Fanlo Chief Sales Officer - Christophe Favre TAKEAWAYS Total Revenue -- Forrester Research, Inc.
How this was made
The 30-second read
Why it matters
The company exited strategy consulting to focus on core research and platform integrations, while maintaining full-year revenue and adjusted EPS guidance. Management highlighted stabilization in contract value metrics and strong growth in AI users, prompts, and AI access bookings.
Market read
Traders can update positioning based on the maintained FY2026 guidance alongside weaker Q2 revenue/EPS and segment declines, plus evidence of accelerating AI engagement and AI agent presence in Microsoft Copilot.
What to watch
Wallet retention is flat at 89% and client retention is only slightly up year over year, so the key question is whether AI-driven demand can translate into sustained contract value growth beyond the current stabilization.
Background
Forrester held its Q2 2026 earnings call, discussing segment performance, contract value trends, and progress on its Forrester AI product and platform integrations.
Ticker impact
Forrester reported Q2 2026 revenue of $100.2M, adjusted EPS of $0.40, and reiterated FY2026 guidance of $350M to $360M revenue and $0.72 to $0.82 EPS.
Near-term bias likely negative to neutral as investors weigh AI adoption growth against declining revenue and segment headwinds, while guidance is maintained.
The article provides concrete Q2 datapoints (revenue, EPS, segment declines, margins) plus maintained full-year guidance and AI booking/adoption metrics, which together frame a mixed but risk-tilted outlook.
Market effects
Signals ongoing demand softness in consulting and events while research subscriptions and AI-enabled workflows gain traction.
North America government segment weakness is cited as a challenge area.
AI product adoption and contract value dynamics may influence sentiment toward B2B research and advisory peers with similar subscription models.
Counterpoint
AI adoption and AI agent bookings could accelerate contract value growth later in 2026, making the Q2 revenue decline more of a transition period than a durable slowdown.
Key entities
- public_companyForrester Research, Inc.
Subject of the earnings call transcript, reporting Q2 2026 results and reiterating FY2026 guidance while emphasizing AI adoption and product bookings.
- executiveGeorge F. Colony
CEO and Chairman, commenting on consulting/events declines and visibility vacuum dynamics.
- executiveLeo Christian Finn
CFO, discussing contract value growth path and guidance.
