Soundhound Ai Stock Earnings Reports

Q1 2026 highlights: SoundHound reported revenue of $44.2 million, up 52% year-over-year, driven by strong enterprise traction across financial services, automotive, healthcare, restaurants and tech. Excluding acquisitions, its automotive and IoT AI business grew ~88% YoY. The company announced a definitive agreement to acquire LivePerson (expected to close in H2 2026), which management says expands its enterprise footprint and, combined with SoundHound's base, could reach $500 million of revenue based on existing customers. SoundHound launched OASYS, an orchestrated agent platform that automates building and continuous refinement of AI agents and is designed to run primarily on SoundHound’s own models (Polaris and specialized LLM/speech models) to reduce runtime dependency on third-party frontier models and lower costs. Financials and outlook: Q1 GAAP gross margin was 31% (non-GAAP ~50% adjusted for noncash items); adjusted EBITDA was a loss of $26.7 million and non-GAAP net loss was $26.6 million. The balance sheet is strong with $216 million cash and no debt. For full-year 2026 management reiterates revenue guidance of $225 million to $260 million and expects 2027 pro forma revenue of $350 million–$400 million assuming LivePerson closes (with at least $100 million contribution from LivePerson customers). Management emphasized ongoing cost-synergy actions from acquisitions, targeted investments in proprietary foundation models (described as time‑bounded and <1% of market cap), and a path toward improved margins as customers migrate to OASYS and as model-run costs decline.