AcquisitionsMay 7, 2026, 04:06 PM
SoundHound AI to Acquire LivePerson; Q1 Revenue Up 52% to $44.2M
AI Summary
SoundHound AI reported strong first-quarter 2026 financial results, with revenue growing 52% year-over-year to $44.2 million. The company also announced a definitive agreement to acquire LivePerson, a move expected to create a combined entity with a $500 million revenue opportunity and an accelerated path to profitability. Additionally, SoundHound AI launched OASYS, its new self-learning orchestrated agentic AI platform, and reaffirmed its full-year 2026 revenue outlook of $225 million to $260 million.
Key Highlights
- SoundHound AI to acquire LivePerson, expecting to close in H2 2026.
- Combined company expects $500M revenue opportunity and accelerated path to profitability.
- 2027 revenue range expected to be $350M-$400M, with $100M+ from LivePerson.
- Q1 2026 reported revenue was $44.2 million, an increase of 52% year-over-year.
- Core automotive and IoT AI vertical revenue increased 88% YoY, excluding acquisitions.
- Q1 2026 GAAP net loss was ($25.0) million; non-GAAP net loss was ($26.6) million.
- Non-GAAP gross margin was 49.7% in Q1 2026.
- Total cash and cash equivalents were $216 million at March 31, 2026, with no debt.
- Full year 2026 revenue outlook reaffirmed at $225 million - $260 million.
- Launched OASYS, the world's first self-learning orchestrated agentic AI platform.