Forum Markets cuts 2026 revenue outlook after slowing its AI compute rollout

Nov 12, 2026
Forum Markets now expects $8 million to $9 million in 2026 revenue, down from $18 million to $22 million, and no AI compute revenue this year.

Forum Markets cut its 2026 revenue guidance to $8 million to $9 million from $18 million to $22 million, according to its third-quarter results. The Nasdaq-listed company said it slowed the rollout of its first AI compute capacity because compute pricing, equipment costs and financing costs rose quickly, a trend it said accelerated after the US midterm elections.

The earlier guidance assumed the capacity would earn revenue in the fourth quarter. Forum now expects no AI compute revenue in 2026, and fourth-quarter revenue will come mainly from its aircraft engine leases. It kept its 2027 revenue guidance of $125 million to $175 million.

In October Forum formed Forum Edge AI, a joint venture with Edge Node that puts GPU capacity into existing powered data centers and telecom tower sites. Third-quarter revenue was $2.0 million, all from engine leases, against $4.1 million a year earlier. Net income of $7.9 million included a $13.9 million non-cash gain on digital assets.

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