Pearl millet [Pennisetum glaucum (L.) R. Br.] is a subtropical grain and forage crop. It is privileged with several desirable forage attributes. Nevertheless, research on pearl millet is limited, especially as a forage crop, in developing countries. Therefore, the objectives of this study were to investigate the field performance and stability of pearl millet genotypes for forage yield across seven environments. The study was conducted in seven environments (combination of locations and seasons) during the 2016/2017–2018/2019 seasons. Twenty-five pearl millet genotypes, selected based on forage yield from a core collection of 200 accessions, were arranged in an alpha lattice design with three replications. The parameters measured were fresh forage yield, days to flowering, plant height, number of culms m−2, leaf-to-stem ratio, and stem girth. The combined analysis revealed that environments, genotypes, and their interaction had significant effects on all traits studied except the genotypic effect on stem girth. Across the seven environments, four genotypes (G14, G01, G12, and G22) outyielded the check genotype in fresh matter yield by 20.7, 16.5, 11.0 and 9.8%, respectively. The additive main effects and multiplicative interaction (AMMI) analysis showed that the genotype, environment, and their interaction were highly significant (p ≤ 0.001) for fresh matter yield. The results of AMMI stability values (ASVs) and the genotype selection index (GSI) combined with the AMMI estimate-based selection showed that genotypes G14, G22 and G01 were the most stable and adapted genotypes and were superior to the check genotype. These results indicate that forage pearl millet varieties could be developed directly through evaluating the wealth of available collections or indirectly through hybridization in crop breeding programs.