SoundHound AI, Inc. (SOUN) reported a strong second quarter for 2026, achieving record revenues of $61.9 million, up 45% year over year, exceeding the Zacks Consensus Estimate of $52.49 million by 17.9%. The adjustments resulted in the company narrowing its adjusted loss to 2 cents per share from an expected loss of 3 cents. Following these results, shares surged approximately 23.3% in after-hours trading.
Key metrics include a GAAP gross margin increase to 45.1% and a narrowing of adjusted EBITDA loss to $9.6 million, improved from $14.3 million the previous year. Recently, SoundHound raised its revenue outlook for 2026 to $230 million to $260 million, reflecting sustained enterprise demand driven by their OASYS platform, which is central to growing interest in voice and agentic AI.
As of June 30, 2026, SoundHound maintained a debt-free status with $203 million in cash. The company has secured significant agreements spanning healthcare, financial services, and automotive sectors, underlining its diverse enterprise growth strategy.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
