Forum Markets Cuts 2026 Revenue Outlook to $8-9M, Keeps 2027 Target
Palm Beach – November 12, 2026 -- Forum Markets (Nasdaq: FRMM) cut its full-year 2026 revenue guidance to $8 million-$9 million from $18 million-$22 million, while holding its 2027 revenue target at $125 million-$175 million. The company reported third-quarter net income of $7.9 million, helped by a $13.9 million non-cash gain on digital assets.
Rising GPU, equipment and financing costs delay AI compute revenue
Forum no longer expects to recognize any AI compute revenue in 2026. Prior guidance assumed initial capacity would be generating revenue in the fourth quarter. The company chose to slow deployment because of rising compute pricing, equipment costs and financing costs, which it says accelerated after the midterm elections. Fourth-quarter revenue is expected to come mainly from its commercial aircraft engine portfolio.