newsfilter
← Latest News
GlobeNewswire·

SoundHound AI Reports Record Q1 Revenue of $44.2 Million, Up 52%

SOUN
  • SoundHound AI reported first quarter 2026 revenue of $44.2 million, representing a 52% year-over-year increase.
  • Excluding acquisitions, core automotive & IoT AI vertical revenue grew 88% in the first quarter.
  • First quarter GAAP gross margin was 31.1% while non-GAAP gross margin was 49.7%.
  • The company reported a GAAP net loss of $25.0 million and a non-GAAP net loss of $26.6 million.
  • SoundHound signed an agreement to acquire LivePerson, combining voice AI with digital messaging to target a $500M revenue opportunity.
  • The combined entity expects 2027 revenue to reach at least $350M-$400M with a strong balance sheet and no debt.
  • The LivePerson acquisition is expected to close in the second half of 2026 pending regulatory approvals.
  • SoundHound launched OASYS, described as the world's first self-learning agentic AI platform that builds AI.
  • Major business wins include a 7-figure commitment with a Japanese auto manufacturer, integration with Walmart's ONN TV brand, and expansions in South America.
  • The company secured deals with major players in QSR, fitness apparel, banking, insurance, utilities, healthcare, & IT services.
  • Full year 2026 revenue outlook remains reaffirmed at $225 million to $260 million.
  • Liquidity at March 31, 2026, stood at $216 million in cash & cash equivalents with no outstanding debt.
  • GAAP net loss per share was ($0.06), driven in part by a $39 million gain from contingent acquisition liabilities marking-to-market.
  • Non-GAAP measures exclude stock-based compensation, amortization, acquisition costs, & other non-operating items.