SoundHound AI Q2 Earnings Beat Expectations as SOUN Stock Surges 26% on Revenue Growth

Why SoundHound AI Stock Is Skyrocketing Thursday - SoundHound AI (NASDAQ:SOUN)

Short Squeeze And Earnings: Why SoundHound AI Stock Spiked Thursday The rally was likely fueled by a short squeeze, with 42.35% of SoundHound AI's public float, or about 169.2 million shares, sold short. The elevated short interest suggests a large number of investors were betting against the stock, forcing some to cover their positions as shares surged. SoundHound AI Q2 Results Beat Expectations Revenue increased 45% year over year to $61.9 million, topping the analyst consensus estimate of $52.39 million. The company attributed the growth to strong demand across enterprise AI, healthcare, automotive, financial services, technology and other end markets. SoundHound reported an adjusted loss of 2 cents per share, beating analysts' expectations for a loss of 6 cents per share, according to Benzinga Pro. Adjusted gross margin was 58.4%, unchanged from a year earlier but up 8 percentage points sequentially. Adjusted EBITDA loss narrowed 33% year over year to $9.6 million. The company ended the quarter with $203 million in cash and cash equivalents. Management said its OASYS agentic AI platform became a major growth driver during the quarter by improving customer conversion rates, increasing win rates and shortening sales cycles. The company also secured an eight-figure customer commitment within 90 days of an initial OASYS demonstration. Partnerships Fuel Expansion Asia remained a key growth market, with SoundHound securing major deals for a fifth consecutive quarter. The company signed new partnerships with Chinese and Indian automotive and technology companies for agentic AI, IoT and large language model-powered voice solutions. It also expanded collaborations with global automakers, including Stellantis and Hyundai. The company is also expanding into voice commerce. Upcoming pilot programs will enable AI-powered in-car transactions through OASYS and direct purchases through smart TVs with a global electronics partner. Meanwhile, SoundHound's restaurant and small-business AI segment continued to grow. Smart Answering revenue more than doubled from a year earlier, the company added three new U.S. restaurant customers and maintained a 100% renewal rate among key accounts. The company also said it expects its acquisition of LivePerson to close by the end of 2026, expanding its enterprise reach and strengthening its conversational AI platform. SoundHound AI FY26 Outlook Raised SoundHound raised its fiscal 2026 revenue guidance to a range of $230 million to $260 million from its previous forecast of $225 million to $260 million. The midpoint of the updated range is above the analyst consensus estimate of $232.2 million. Management also pointed to the long-term potential of agentic AI, citing Gartner's forecast that software spending in the category could approach $1 trillion by 2030. The company said it expects gross margins to eventually exceed 70% as acquisition synergies materialize and more customers adopt its proprietary AI platform. SOUN Price Action: SoundHound AI shares were up 26.44% at $8.13 during premarket trading on Thursday, according to Benzinga Pro data. Photo via Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

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.