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Forrester Research (FORR) guidance and outlook
Forrester Research (FORR) raised some and lowered other parts of its guidance on Oct 29, 2026: Revenue $350M–$360M for FY2026; Revenue +9.3% to +11.8% for FY2026; Operating margin 3.3% for FY2026; Interest expense $2.2M for FY2026. Forrester Research's 10-Q filed Nov 6, 2026 makes 15 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2026 | $350M–$360M | reaffirmed |
| Revenue | FY2026 | +9.3% to +11.8% | reaffirmed |
| Operating margin | FY2026 | 3.3% | lowered |
| Interest expense | FY2026 | $2.2M | lowered |
| Tax rate | FY2026 | 20% | reaffirmed |
| EPS | FY2026 | $0.74–$0.79 | lowered |
| Stock-based compensation | FY2024 | $10.0M–$11.0M | lowered |
| Operating margin | FY2026 | 6%–6.5% | reaffirmed |
| Tax rate | FY2026 | 29% | reaffirmed |
| EPS | FY2026 | $0.77–$0.82 | raised |
From the earnings release filed Oct 29, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 6, 2026
- We derive revenues from subscriptions to our Research products and services, subscriptions to, and individual licenses of, electronic “reprints” of our Research, performing consulting projects and advisory services, and hosting events.
- Clients purchase consulting projects and advisory services independently and/or to supplement their access to our subscription-based products.
- We anticipate that, on a year over year basis, our 2026 consulting revenues will decline in the low 20 percent range due primarily to the cessation of strategy consulting in 2026.
- We will continue to monitor relevant facts and circumstances, including future changes in our stock price.
- As a result of the substantial and sustained decline in our stock price and our overall market capitalization from mid-February 2025 through March 31, 2025, along with other qualitative considerations, including the impact from conditions in the macroeconomic environment, uncertainty created by changes in the United States’ trade policies, and the larger than expected decline in contract bookings during the first…
- In January 2025, we implemented a reduction in our workforce of approximately 6% across various geographies and functions to better align our cost structure with the revenue outlook for the year.
- In February 2026, we implemented a reduction in our workforce of approximately 8% across various geographies and functions to better align our cost structure with the revenue outlook for the year.
- We also approved plans to close certain of our smaller offices both inside and outside the United States, resulting in a non-cash charge of $0.4 million for accelerated ROU asset amortization in the first quarter of 2026.
- We are forecasting tax expense to be recorded in the remaining three months of the year, resulting in an effective tax rate in the range of negative 10% to negative 20% for the full year, which is expected to significantly reduce these balances by December 31, 2026.
- The Consulting segment includes the revenues and the related costs of our project consulting organization.
- The project consulting organization delivers a majority of our project consulting revenue.
- The renovation of our headquarters is essentially complete and we anticipate making the final payments of approximately $2.5 million during the fourth quarter of 2026.
Forrester Research's latest quarter
Forrester Research, Q3 2026: revenue $86.1M (-9% year over year), operating margin 2.8%, net loss $4.4M, operating cash flow $8.4M. The chart follows the revenue to costs, profit and cash.
Questions
Did Forrester Research raise or lower its guidance?
Forrester Research (FORR) raised some and lowered other parts of its guidance on Oct 29, 2026: Revenue $350M–$360M for FY2026; Revenue +9.3% to +11.8% for FY2026; Operating margin 3.3% for FY2026; Interest expense $2.2M for FY2026.
What does Forrester Research expect?
We derive revenues from subscriptions to our Research products and services, subscriptions to, and individual licenses of, electronic “reprints” of our Research, performing consulting projects and advisory services, and hosting events. Clients purchase consulting projects and advisory services independently and/or to supplement their access to our subscription-based products. We anticipate that, on a year over year basis, our 2026 consulting revenues will decline in the low 20 percent range due primarily to the cessation of strategy consulting in 2026.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.