Overview
Voice AI platform's Q2 revenue rose 45% yr/yr, beating analyst expectations
Q2 adjusted EBITDA loss narrowed and beat analyst expectations
Company raised full-year 2026 revenue outlook after strong Q2 performance
Outlook
SoundHound AI raises 2026 revenue outlook to $230 mln-$260 mln
Company plans to update guidance after closing LivePerson acquisition, expected before end-2026
Result Drivers
ENTERPRISE AI DEALS - Co said strong Q2 revenue growth was driven by signing major enterprise AI contracts attributed to OASYS platform
COST DISCIPLINE - Co cited disciplined cost management as a key factor in improving profitability metrics
SECTOR EXPANSION - Co signed and renewed deals across healthcare, automotive, financial services, and restaurant sectors, supporting revenue growth
Company press release: (Full Story)
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $61.90 mln | $52.39 mln (8 Analysts) |
Q2 Loss Per Share | $0.10 | ||
Q2 Net Loss | $42.80 mln | ||
Q2 Adjusted EBITDA | Beat | -$9.60 mln | -$23.30 mln (7 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for SoundHound AI, Inc. is $13.50, about 107.4% above its August 4 closing price of $6.51
Reuters Recommended Reads
Aug 4 - Israel's AudioCodes Q2 revenue rises on strong demand in Voice AI and managed services segments
Aug 5 - Israel's NICE Q2 revenue beats on cloud growth; raises 2026 EPS outlook
Aug 3 - Palantir Q2 revenue beats expectations; raises outlook
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)