EarningsQ2 2026 Earnings Report
DE:FFR Q2 2026 EPS Results
Actual EPS€0.36
Consensus EPS€0.24
Beat/MissBeat by +€0.12
One Year Ago EPS€0.46
DE:FFR Q2 2026 Revenue Results
Actual Revenue€89.46M
Expected Revenue€86.49M
Beat/MissBeat by +€2.97M
YoY Revenue Growth-10.23%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeAfter Close
Conference CallThursday, July 30, 2026
DE:FFR Upcoming Earnings
Forrester Research's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:FFR Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: clear operational and product momentum (notably strong AI adoption, product integrations, advisory growth, and event engagement) and a healthy balance sheet with renewed buybacks, but these positives sit alongside notable near-term revenue and profitability headwinds (total revenue -10% YoY, consulting and events declines, and EPS compression). Management reiterated full-year guidance and expressed confidence in achieving CV growth by year-end, which tempers the near-term negatives. Overall, positive execution on product and cost fronts is offset by persistent top-line declines, producing a neutral outlook in the near term.Company Guidance
Forrester AI Adoption Surge
Forrester AI usage reached new highs: total users +33% Q2 vs Q1 and +69% YoY; Forrester AI prompts +58% Q2 vs Q1 and +105% YoY. Forrester AI eclipsed indexed search as the dominant interaction method for Forrester Decisions clients. AI Access product has generated approximately $10M in bookings since launch (~9 months). Integrations launched with Microsoft Teams and a Forrester agent for Microsoft Copilot (first mover vs peers).
Maintained Full-Year Guidance and Q2 Consensus Beats
Company met quarterly expectations and reported consensus beats on revenue, margin, and EPS for Q2. Management reiterated full-year 2026 guidance: revenue $350M–$360M (down 9%–12% vs 2025), operating margin 6.0%–6.5%, and EPS $0.72–$0.82.
CV Momentum and Pipeline Expansion
Continued CV bookings growth and an expanding pipeline were highlighted. CV revenue declined 3% in the quarter (mirroring Q1), but client count increased by 10 to 1,770 and client retention was 77% (up 3 pts YoY). Management expressed confidence in achieving CV growth by year-end.
Strong Balance Sheet and Return of Share Repurchases
Cash balance exceeded $130M with only $35M of debt. The company restarted its stock buyback program, repurchasing approximately $1M in the quarter and retaining ~ $76M of buyback authorization. H1 operating cash flow was $25M; free cash flow (ex-buildout) ~$20.7M. Management expects additional landlord reimbursements of $14.5M in H2.
Event and Conference Engagement Success
B2B Summit North America attendance grew 9% YoY to 1,400 attendees (59 sponsors, 110 sessions) and is estimated to have influenced ~$3.5M of contract bookings. Customer experience forums in New York, San Francisco, and Amsterdam were sold out and the updated Total Experience (TX) score expansion showed 41% of measured organizations improved vs 2025.
Product and Segment Wins
Advisory business grew 21% YoY and tech research saw double-digit growth in Q2. Management highlighted product innovation and embedded solutions (e.g., Copilot, Teams) as drivers of client engagement and differentiation.
Cost Discipline and Operational Efficiency
Adjusted operating expenses decreased 8% YoY, primarily due to lower compensation costs. Headcount was down 7% after earlier restructuring, and interest expense declined to $0.4M from $0.7M YoY.
DE:FFR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed