Octave Intelligence plc reported second quarter 2026 financial results on August 12, 2026. Total revenue was $398 million, a 4% year-over-year decrease, while recurring revenue grew 6% to $283 million. Annualized recurring revenue (ARR) reached $1,143 million, up 7% year-over-year. The company reported a net loss of $(1,971) million due to non-cash impairment charges totaling $2,135 million, including a $1,671 million goodwill write-down and a $464 million trademark impairment following its separation from Hexagon AB. Adjusted net income was $95 million with adjusted earnings per share of $0.36. Free cash flow was $93 million. Octave provided Q3 2026 revenue guidance of $400-$410 million and full-year ARR guidance of $1,185-$1,205 million. The company operates in the enterprise software industry, providing asset-intensive industrial solutions.