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SoundHound AI Reports Record Q2 and All Time High Revenue of $61.9 Million, Up 45%, Raises Full Year Outlook

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  • SoundHound AI reported Q2 2026 revenue of $61.9 million, representing a 45% year-over-year increase driven by OASYS enterprise AI adoption.
  • GAAP gross margin reached 45.1% while non-GAAP gross margin remained at 58.4%.
  • The company posted an adjusted EBITDA loss of $9.6 million, a 33% improvement year-over-year.
  • GAAP net loss was $42.8 million, compared to a non-GAAP net loss of $9.0 million.
  • CEO Keyvan Mohajer stated revenue is now 10 times the level recorded at the company's public debut in Q2 2022.
  • Healthcare sector wins included a 7-figure deal with a national healthcare system of 30,000 employees and contracts with Champion Payer Solutions.
  • Financial services clients renewed or signed new deals with Rakuen Securities, a global asset-management firm, a major American bank, and a Canadian insurance organization.
  • In telecommunications, the company renewed a contract with a British multinational operating in 15 countries.
  • Automotive sector growth included a 7-figure deal with a Chinese infotainment software company, expanded adoption by Stellantis & Hyundai, and new Voice Commerce rollouts.
  • Restaurant sector updates involved new deals with Ruby Tuesday, major QSR chains, and expanded live deployments with Five Guys, IHOP, & Jersey Mike's.
  • Channel expansion included an initial 8-figure multi-year partnership in Latin America & an agreement with a global IT services provider.
  • The company raised its full-year 2026 revenue guidance to a range of $230 million to $260 million.
  • Total cash and cash equivalents stood at $203 million as of June 30, 2026, with no outstanding debt.
  • Management plans to update financial guidance following the expected closing of the LivePerson acquisition before the end of 2026.