SoundHound AI is trading at $7.34 (13.7% up) after reporting record second-quarter revenue and raising its full-year 2026 outlook.
- Revenue surged 45% year-over-year to $61.9 million, significantly exceeding market expectations.
- The company reported a GAAP net loss per share of $(0.10), which also came in better than anticipated.
- Upbeat guidance and the earnings surprise are driving active after-hours buying despite a mixed broader market.