SoundHound AI Stock Surges 24% on Better-Than-Expected Q2 Earnings

Benzinga Earnings07:20

SoundHound AI, Inc reported financial results for the second quarter after the market close on Wednesday.

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 AI shares were up 24% in after-hours, trading at $7.97.

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.”

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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.</p><p style=\"text-align: left;\">Total revenue was up 45% on a year-over-year basis. The company reported an adjusted EBITDA loss of $9.6 million. 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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.</p><p style=\"text-align: left;\">Total revenue was up 45% on a year-over-year basis. The company reported an adjusted EBITDA loss of $9.6 million. 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SoundHound ended the quarter with $203 million in cash and cash equivalents.SoundHound AI shares were up 24% in after-hours, trading at $7.97.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.”","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport,express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2657575502","isCrawlerRequest":true}