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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Forrester Research
Forrester Research (FORR) investor relations material
Forrester Research Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
Q3 revenue fell 9% YoY to $86.1M; contract value declined 3.5% YoY, while client and wallet retention improved to 78% and 89%.
Results were described as above consensus; the FY 2026 adjusted EPS guidance floor was raised, with expense discipline and new AI offerings supporting retention and future growth.
Financial highlights
Q3 revenue was $86.1M versus $94.3M in Q3 2025; adjusted operating income was $6.5M versus $9.9M, and adjusted EPS was $0.24 versus $0.37.
Q3 GAAP net loss was $4.4M, or $0.23 per diluted share, versus $2.1M and $0.11 in Q3 2025.
9M revenue declined 8% to $271.8M; net loss narrowed to $11.0M from $85.5M, including the prior-year $83.9M goodwill impairment.
9M operating cash flow was $33.4M versus $24.3M; free cash flow was $8.6M versus $22.4M in 9M 2025.
Outlook and guidance
FY 2026 revenue guidance is $350M–$360M, down 9%–12% YoY; adjusted operating margin is 6.0%–6.5%, and adjusted EPS is $0.77–$0.82, with the EPS floor raised.
Expected FY 2026 segment declines are mid-single digits for Research, low-20s for Consulting and mid-to-high teens for Events; Consulting weakness reflects the strategy consulting exit.
Year-end contract value outlook is -2% to +2%, centered near flat; federal funding uncertainty and variable Q4 bookings widen the range.
FY 2026 adjusted tax rate is 29%; GAAP effective tax rate is forecast at negative 10% to negative 20%. Expected interest expense is $2.2M.
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Next Forrester Research earnings date
Q4 202610 Feb, 2027
Forrester Research
Next Forrester Research earnings date
Q4 202610 Feb, 2027
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Forrester Research Inc provides research, advisory, and consulting services that support business and technology decision-making. The company serves corporate and public sector clients with insights on customer experience, digital transformation, and market trends. The company is headquartered in Cambridge, Massachusetts, and its shares are listed on the NASDAQ.