SoundHound AI Delivers Record Q2 Revenue of $61.9M, Up 45%, and Lifts Full-Year Outlook
SOUN sits 31% above its 52-week low of $5.65.
Summary
SoundHound AI posted record Q2 2026 revenue of $61.9 million, a 45% year-over-year increase, and raised its full-year revenue outlook to $230–$260 million. The company also reported a significantly narrower non-GAAP net loss of $9 million and ended the quarter with $203 million in cash.
Key Events · Earnings and Guidance · SOUN
-
Record Q2 Revenue
Revenue reached $61.9 million, up 45% year-over-year, driven by major enterprise AI deals attributed to the OASYS platform.
-
Raised Full-Year Guidance
Full-year 2026 revenue outlook raised to $230–$260 million, reflecting strong demand and pipeline visibility.
-
Improved Profitability Metrics
Non-GAAP net loss narrowed to $9.0 million from $11.9 million a year ago; adjusted EBITDA loss improved to $9.6 million from $14.3 million.
-
Strong Balance Sheet
Cash and equivalents stood at $203 million at quarter-end with no debt, providing ample runway for operations and the pending LivePerson acquisition.
Analysis · SOUN · Technology
The strongest quarter yet underscores SoundHound's accelerating momentum: revenue jumped 45% to $61.9 million while losses contracted sharply. Bolstered by a robust enterprise AI pipeline, management raised the full-year revenue target to $230–$260 million. With $203 million in cash and no debt, the balance sheet remains solid ahead of the LivePerson acquisition close. The results validate the OASYS platform's traction, as multiple seven- and eight-figure deals were signed across healthcare, automotive, and QSR verticals.
At the time of this filing, SOUN was trading at $7.41 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $5.65 to $22.17. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.