diff --git a/CHANGELOG.md b/CHANGELOG.md
index 602b1129d7..4aef9210bb 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,21 @@
 
 <!-- insert new changelog below this comment -->
 
+## [0.8.7] - 2026-05-07
+
+### Changed
+
+- feat: add agent-orchestrator to community extension catalog (#2236)
+- chore: update extension versions in community catalog (#2468)
+- fix(goose): Declare args parameter in generated recipes (#2402)
+- feat: Add lingma support (#2348)
+- docs: Add uv installation guide and inline callouts (#2465)
+- Add fx-to-dotnet to community extension catalog (#2471)
+- fix: default non-interactive init to copilot integration (#2414)
+- fix(forge): use hyphen notation for command refs in Forge integration (#2462)
+- feat(catalog): add Cost Tracker (cost) community extension (#2448)
+- chore: release 0.8.6, begin 0.8.7.dev0 development (#2463)
+
 ## [0.8.6] - 2026-05-06
 
 ### Changed
diff --git a/pyproject.toml b/pyproject.toml
index cfeaf74fc2..d7a949d8b1 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "specify-cli"
-version = "0.8.7.dev0"
+version = "0.8.8.dev0"
 description = "Specify CLI, part of GitHub Spec Kit. A tool to bootstrap your projects for Spec-Driven Development (SDD)."
 requires-python = ">=3.11"
 dependencies = [