SoundHound AI Q2 Revenue Soars to $61.9M, Stock Surges 15% on Strong Earnings Beat

SoundHound AI Stock Surges on Better-Than-Expected Q2 Earnings - SoundHound AI (NASDAQ:SOUN)

* SoundHound AI stock is surging to new heights today. Why is SOUN stock up today? SoundHound Reports Strong Q2 Results SoundHound reported second-quarter revenue of $61.90 million, beating the consensus estimate of $52.39 million. The conversational AI company reported an adjusted loss of two cents per share for the quarter, beating estimates for a loss of six cents per share, according to Benzinga Pro. Total revenue was up 45% on a year-over-year basis. The company reported an adjusted EBITDA loss of $9.6 million. SoundHound ended the quarter with $203 million in cash and cash equivalents. SoundHound raised the low end of its full-year 2026 revenue guidance from a range of $225 million to $260 million to a new range of $230 to $260 million, versus estimates of $232.20 million. "Our exceptional Q2 results demonstrate the momentum SoundHound is building, achieving a strong revenue performance, disciplined cost management, and industry-leading platform validation," said Keyvan Mohajer, co-founder and CEO of SoundHound AI. "With our Q2 revenue now 10 times what it was when we debuted as a public company in Q2 2022, and enterprise demand for high-ROI voice and agentic AI accelerating globally, our OASYS platform and in-house model innovations position us to lead in the new era of enterprise automation." SoundHound executives will further discuss the quarter on an earnings call with investors and analysts at 5 p.m. ET. SOUN Shares Surge After Earnings SOUN Price Action: SoundHound AI shares were up 14.93% in after-hours, trading at $7.39 at the time of publication on Wednesday, according to Benzinga Pro. Image: Shutterstock.com Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

Earnings Flash (SOUN) SoundHound AI, Inc. Reports Q2 Revenue $61.9M, vs. FactSet Est of $52.4M

SoundHound AI, Inc. is engaged in conversational intelligence, offering voice and conversational artificial intelligence (AI) solutions that let businesses offer experiences to their customers. Through its proprietary technology, its voice AI delivers speed and accuracy in numerous languages to product creators and service providers across retail, financial services, healthcare, automotive, smart devices, and restaurants via AI-driven products, such as Smart Answering, Smart Ordering, Dynamic Drive Thru, and Amelia AI Agents. Along with SoundHound Chat AI, a voice assistant with integrated Generative AI, it powers various products and services, and processes billions of interactions each year for businesses. Its developer platform, Houndify, is an open-access platform that allows developers to leverage its Voice AI technology and a library of over 100 content domains, including commonly used domains for points of interest, weather, flight status, sports and more.