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SoundHound AI Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 earnings summary7 May, 2026

Executive summary

  • Q1 2026 revenue reached $44.2 million, up 52% year-over-year, with core automotive and IoT AI verticals up 88% excluding acquisitions.

  • Launched OASYS, a self-learning agentic AI platform, and announced the planned acquisition of LivePerson to expand enterprise reach.

  • Signed major new and expanded agreements across automotive, retail, financial services, utilities, healthcare, and technology sectors.

Financial highlights

  • GAAP gross margin was 31.1%, non-GAAP gross margin 49.7%.

  • GAAP net loss was ($25.0) million; non-GAAP net loss was ($26.6) million.

  • Adjusted EBITDA loss was ($26.7) million.

  • GAAP EPS loss of ($0.06); non-GAAP EPS loss of ($0.06).

  • Total cash and cash equivalents at quarter-end were $216 million, with no debt.

Outlook and guidance

  • Full-year 2026 revenue outlook reaffirmed at $225–$260 million.

  • Combined company (post-LivePerson acquisition) expects 2027 revenue of at least $350–$400 million, with $100 million contribution from LivePerson customers.

Nature of non-recurring vendor true-up costs
LivePerson acquisition path to profitability
OASYS orchestration of agentic AI lifecycle
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