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Octave Intelligence Shares Drop 10.6% to $17.62
Octave Intelligence is down -10.6%, or -$2.10 to $17.62.
Octave Reports Q2 Revenue of $398.41M, Beating Expectations
Reports Q2 revenue $398.41M, consensus $397.04M. "Our second quarter results reflect the continued momentum we are building as a newly independent company, with ARR of $1,143 million, up 7% year-over-year, and SaaS revenue growth of 21%," said Mattias Stenberg, Chief Executive Officer of Octave.
Company Sees Q3 Adjusted Operating Margin at 27%
Sees Q3 adjusted operating margin 27%. The company said, "We are moving faster and investing with focus, delivering strong free cash flow in the quarter while executing on our go-to-market priorities and deepening the platform and agentic capabilities that make our customers' operating context more valuable to them. The deliberate shift in our business model means recurring revenue growth and ARR are the better indicators of underlying performance than reported total revenue. We remain confident in the path and the medium-term financial objectives we shared at our March investor day."
Sees FY26 Annualized Recurring Revenue at $1.19B-$1.21B
Sees FY26 annualized recurring revenue $1.19B-$1.21B.
Octave Intelligence Shares Down 6.1% to $18.71
Octave Intelligence is down -6.1%, or -$1.21 to $18.71.
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