Forrester Q2 Revenue Beats, Full-Year Guidance Reaffirmed
FORR has more than doubled off its 52-week low of $4.88.
Summary
Forrester Research beat Q2 2026 consensus estimates with revenue of $100.2M and EPS of $0.78, and reaffirmed full-year guidance, signaling stabilization after a year of restructuring and revenue declines.
Key Events · Earnings and Guidance · FORR
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Q2 Revenue and EPS Beat
Revenue of $100.2 million and GAAP EPS of $0.78 exceeded consensus estimates, driven by cost discipline despite a 10% year-over-year revenue decline.
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Full-Year Guidance Reaffirmed
Management reaffirmed its full-year outlook, indicating confidence in the stabilization of the business after multiple quarters of revenue contraction.
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Restructuring and Impairment Charges
The quarter included $2.1 million in restructuring costs from an 8% workforce reduction and a $0.9 million credit loss on a note receivable, reflecting ongoing cost realignment.
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Credit Facility Amendment
The company amended its credit facility, reducing its size to $50 million and extending maturity to 2029, while adding a minimum liquidity covenant, improving financial flexibility.
Analysis · FORR · Trade & Services
Forrester Research delivered Q2 2026 revenue of $100.2 million and GAAP EPS of $0.78, topping consensus estimates. Despite a 10% year-over-year revenue decline, full-year guidance was reaffirmed, underscoring management's confidence. The quarter absorbed $2.1 million in restructuring costs tied to an 8% workforce reduction and a $0.9 million credit loss on a note receivable. Additionally, the company amended its credit facility, shrinking it to $50 million and pushing maturity to 2029 while adding a minimum liquidity covenant. Trading near its 52-week high, the stock suggests the market had already priced in a recovery, but the beat and reaffirmed guidance offer concrete evidence of stabilization.
At the time of this filing, FORR was trading at $11.75 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $225.8M. The 52-week trading range was $4.88 to $12.33. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.