SoundHound AI reported record second quarter revenue of $61.9 million, a 45% increase year-over-year, significantly beating analyst expectations. The company posted a GAAP net loss per share of $(0.10), which was also better than anticipated. Following the strong performance, SoundHound raised its full-year 2026 revenue guidance.
Key Highlights
- Record second quarter revenue grew 45% year-over-year to $61.9 million, significantly surpassing estimates.
- The company raised its full-year 2026 revenue guidance to a range of $230 million to $260 million.
- Adjusted EBITDA loss narrowed by 33% to $(9.6) million from $(14.3) million in the prior-year period, indicating improved operating leverage.