Forrester Research

Q2 FY2026 EarningsFY26 Q2 beat consensus across most key metrics despite top-line pressure: revenue $100.2M vs. $96.9M expected, and normalized EPS $0.78 significantly exceeding the $0.265 mean estimate. While total revenue declined 10% YoY due to a 15% drop in Consulting and a 17% drop in Events, aggressive cost containment and a $12.3M tax benefit drove the bottom-line beat. Guidance remains cautious with Consulting revenue expected to decline in the low 20% range for the full year FY26 due to the cessation of strategy consulting.