Quarterly ResultAug 5, 2026, 04:06 PM
SoundHound AI Q2 Revenue +45% to $61.9M; Raises FY26 Outlook
AI Summary
SoundHound AI reported strong Q2 2026 financial results, with revenue increasing 45% year-over-year to $61.9 million, driven by significant enterprise AI adoption through its OASYS platform. The company also improved all key profitability metrics, including a reduced non-GAAP net loss of $9.0 million. Following this performance, SoundHound AI raised its full-year 2026 revenue outlook to a range of $230 million to $260 million, reflecting strong demand and strategic partnerships across various sectors.
Key Highlights
- Q2 2026 revenue increased 45% year-over-year to $61.9 million.
- Non-GAAP gross margin was 58.4% in Q2 2026.
- Adjusted EBITDA loss improved to ($9.6) million from ($14.3) million year-over-year.
- Non-GAAP net loss improved to ($9.0) million from ($11.9) million year-over-year.
- Cash and cash equivalents stood at $203 million with no debt as of June 30, 2026.
- Secured a 7-figure deal with a nationally ranked healthcare system.
- Signed a 7-figure deal with a major automotive infotainment software company in China.
- Raised full-year 2026 revenue outlook to $230 million - $260 million.
Price Impact
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