Soundhound Ai Stock Earnings Reports

SoundHound reported a strong start to 2026 with Q1 revenue of $44.2M, up 52% year-over-year (core automotive & IoT up ~88% excluding acquisitions). Management emphasized accelerating enterprise momentum across automotive, financial services, restaurants, healthcare and retail, and highlighted a growing pipeline and large renewals/new deals. The company announced a definitive agreement to acquire LivePerson (expected to close H2), positioning SoundHound to expand its enterprise footprint and cross-sell voice capabilities into LivePerson's customer base. SoundHound also unveiled OASYS, an Orchestrated Agent System that automates creation, deployment and continuous improvement of AI agents across voice and digital channels—powered primarily by its in-house Polaris speech foundation model and planned specialized LLM/speech investments intended to reduce runtime costs vs. frontier models. Q1 non-GAAP gross margin (adjusted) was ~50% (GAAP gross margin 31%); adjusted EBITDA loss was $26.7M; GAAP net loss $25M. Cash and equivalents were $216M and the company is debt-free. Management reiterated 2026 revenue guidance of $225M–$260M and said, assuming LivePerson closes in H2, 2027 pro forma revenue could be at least $350M–$400M (with LivePerson contributing at least $100M) and the combined existing customer base could drive ~ $500M. The strategy emphasizes disciplined, selective M&A to turn around established enterprise businesses, achieving cost and revenue synergies via product unification on OASYS and internal model stack investments to improve margins and long-term profitability.