diff --git a/.github/workflows/utils/cspell.json b/.github/workflows/utils/cspell.json
index dcec12199e6..f1851a8c8eb 100644
--- a/.github/workflows/utils/cspell.json
+++ b/.github/workflows/utils/cspell.json
@@ -55,6 +55,7 @@
       "Marshalers",
       "Marshallers",
       "Mathieu",
+      "MEMBENCH",
       "Mirabella",
       "Najaryan",
       "Nanos",
@@ -105,6 +106,7 @@
       "backpressure",
       "ballastextension",
       "batchprocessor",
+      "benchtime",
       "bearertokenauthextension",
       "behaviour",
       "bogdandrutu",
@@ -168,6 +170,7 @@
       "cookiejar",
       "coreinternal",
       "cpus",
+      "cpuprofile",
       "cpuscraper",
       "crobert",
       "crosslink",
@@ -216,6 +219,7 @@
       "featuregates",
       "featurez",
       "fieldalignment",
+      "flamegraphs",
       "fileexporter",
       "filemapprovider",
       "fileprovider",
@@ -300,6 +304,7 @@
       "memorylimiter",
       "memorylimiterextension",
       "memorylimiterprocessor",
+      "memprofile",
       "metadatatest",
       "metricfamily",
       "metricreceiver",
@@ -452,6 +457,7 @@
       "syft",
       "tailsampling",
       "tchannel",
+      "timebenchmark",
       "telemetrygen",
       "telemetrytest",
       "testcomponents",
@@ -490,6 +496,7 @@
       "validatable",
       "vanityurl",
       "vmmetrics",
+      "walltime",
       "withauth",
       "xconfighttp",
       "xconfmap",
diff --git a/CONTRIBUTING.md b/CONTRIBUTING.md
index 53d7a63ab02..8aacbb7b0c2 100644
--- a/CONTRIBUTING.md
+++ b/CONTRIBUTING.md
@@ -257,6 +257,17 @@ It is recommended to run `make gofmt all` before submitting your PR.
 
 See the [Coding Guidelines](docs/coding-guidelines.md) document for more information.
 
+## Performance Testing
+
+The OpenTelemetry Collector uses continuous performance monitoring to detect regressions and improvements. When making changes that could affect performance:
+
+- **Run benchmarks locally** before submitting your PR using `make gobenchmark`
+- **Review CodSpeed results** posted as PR comments for any performance impacts
+- **Document trade-offs** if a performance regression is intentional for correctness or features
+- **Add benchmarks** for new performance-critical code paths
+
+See the [Performance Benchmarking](docs/performance-benchmarking.md) guide for detailed information on writing and running benchmarks.
+
 ## Changelog
 
 ### Overview
diff --git a/docs/performance-benchmarking.md b/docs/performance-benchmarking.md
new file mode 100644
index 00000000000..dc61bef0e5d
--- /dev/null
+++ b/docs/performance-benchmarking.md
@@ -0,0 +1,223 @@
+# Performance Benchmarking
+
+This document describes how performance benchmarking works in the OpenTelemetry Collector project, including how to write benchmarks, run them locally, and how performance regressions are detected in CI.
+
+## Overview
+
+The OpenTelemetry Collector uses a combination of Go's built-in benchmarking framework and [CodSpeed](https://codspeed.io) for continuous performance monitoring. This infrastructure helps us detect performance regressions early and track performance improvements over time.
+
+## Running Benchmarks Locally
+
+### Running All Benchmarks
+
+To run all benchmarks across all modules:
+
+```shell
+make gobenchmark
+```
+
+This will:
+- Set the `MEMBENCH` environment variable to include memory benchmarks
+- Run benchmarks in all modules
+- Generate a `benchmarks.txt` file with results
+
+### Running Time-Only Benchmarks
+
+Some benchmarks run too quickly to provide meaningful duration results. To skip them:
+
+```shell
+make timebenchmark
+```
+
+### Running Benchmarks for a Specific Module
+
+Navigate to the module directory and run:
+
+```shell
+go test -bench=. -benchtime=1s ./...
+```
+
+### Running a Specific Benchmark
+
+To run a specific benchmark function:
+
+```shell
+go test -bench=BenchmarkSpecificFunction -benchtime=1s ./path/to/package
+```
+
+## Writing Benchmarks
+
+Benchmarks in the OpenTelemetry Collector follow Go's standard benchmarking practices.
+
+### Basic Benchmark Structure
+
+```go
+func BenchmarkMyFunction(b *testing.B) {
+    // Setup code here (not measured)
+    data := setupTestData()
+
+    for b.Loop() {
+        // Code to benchmark
+        MyFunction(data)
+    }
+}
+```
+
+### Memory Benchmarks
+
+Memory benchmarks are skipped in CI unless the `MEMBENCH` environment variable is set. Use the `testutil.SkipMemoryBench` helper:
+
+```go
+func BenchmarkMemoryUsage(b *testing.B) {
+    testutil.SkipMemoryBench(b)
+
+    for b.Loop() {
+        // Memory-intensive operation
+    }
+}
+```
+
+### Parallel Benchmarks
+
+For benchmarks that should run in parallel:
+
+```go
+func BenchmarkParallel(b *testing.B) {
+    b.RunParallel(func(pb *testing.PB) {
+        for pb.Next() {
+            // Concurrent operation
+        }
+    })
+}
+```
+
+### Sub-benchmarks
+
+Use sub-benchmarks to test different scenarios:
+
+```go
+func BenchmarkCompression(b *testing.B) {
+    benchmarks := []struct {
+        name string
+        codec string
+    }{
+        {"gzip", "gzip"},
+        {"zstd", "zstd"},
+        {"snappy", "snappy"},
+    }
+
+    for _, bm := range benchmarks {
+        b.Run(bm.name, func(b *testing.B) {
+            for b.Loop() {
+                compress(data, bm.codec)
+            }
+        })
+    }
+}
+```
+
+## Continuous Performance Monitoring with CodSpeed
+
+### How It Works
+
+CodSpeed is integrated into our CI pipeline via the `.github/workflows/go-benchmarks.yml` workflow. It:
+
+1. **Runs automatically** on every push to `main` and on every pull request
+2. **Measures performance** using walltime instrumentation for consistent results
+3. **Detects regressions** by comparing benchmark results against the base branch
+4. **Posts results** as comments on pull requests showing performance changes
+5. **Generates flamegraphs** for detailed performance analysis
+
+### Interpreting CodSpeed Results
+
+When CodSpeed detects a performance change, it will:
+
+- **Show percentage changes** for each affected benchmark
+- **Mark significant regressions** that exceed the threshold
+- **Provide flamegraphs** to visualize where time is spent
+- **Link to the dashboard** for historical performance trends
+
+A typical CodSpeed comment might show:
+
+```
+⚡ Performance Impact: 2 regressions detected
+
+- BenchmarkQueueProcessing: -15.2% slower
+- BenchmarkDataParsing: -3.1% slower
+```
+
+### Viewing Performance History
+
+The CodSpeed dashboard provides historical performance data:
+
+- **Dashboard URL**: https://codspeed.io/open-telemetry/opentelemetry-collector
+- View trends over time for all benchmarks
+- Compare performance across commits and branches
+- Review flamegraphs for detailed analysis
+
+## Best Practices for Performance-Sensitive Changes
+
+When making changes that might affect performance:
+
+1. **Run benchmarks locally** before and after your changes
+2. **Check for regressions** in the CodSpeed PR comment
+3. **Document intentional trade-offs** if a regression is acceptable for correctness or features
+4. **Add new benchmarks** for new performance-critical code paths
+5. **Use profiling tools** (pprof) to understand bottlenecks if needed
+
+### Using pprof for Detailed Analysis
+
+For CPU profiling:
+
+```shell
+go test -bench=BenchmarkMyFunction -cpuprofile=cpu.prof ./...
+go tool pprof cpu.prof
+```
+
+For memory profiling:
+
+```shell
+go test -bench=BenchmarkMyFunction -memprofile=mem.prof ./...
+go tool pprof mem.prof
+```
+
+## Performance Regression Policy
+
+Performance regressions are treated seriously:
+
+- **Unintentional regressions** should be addressed before merging
+- **Intentional trade-offs** must be documented and justified in the PR description
+- **Large regressions** (>10%) require extra scrutiny and approval from maintainers
+- **Small regressions** (<5%) may be acceptable if they improve code quality or add necessary features
+
+## Recent Performance Changes
+
+For a list of recent performance-related changes, see:
+
+```shell
+git log --all --oneline --grep="perf\|benchmark\|optim" --since="3 months ago"
+```
+
+## Troubleshooting
+
+### Benchmarks Are Flaky
+
+If benchmarks show inconsistent results:
+- Ensure your machine is not under heavy load
+- Increase `-benchtime` for longer, more stable measurements
+- Consider using `-count=10` to run multiple iterations
+- Check if background processes are interfering
+
+### CodSpeed Shows Unexpected Regression
+
+1. Run benchmarks locally to confirm the regression
+2. Use pprof to identify the source of slowdown
+3. Check if the regression is due to test data changes rather than code changes
+4. Review the flamegraphs in CodSpeed for insights
+
+## Additional Resources
+
+- [Go Benchmarking Guide](https://pkg.go.dev/testing#hdr-Benchmarks)
+- [CodSpeed Documentation](https://docs.codspeed.io)
+- [Profiling Go Programs](https://go.dev/blog/pprof)
+- [Internal Architecture](internal-architecture.md) for understanding collector components