SoundHound AI (SOUN) Q2 2026 earnings summary

Executive summary

• Achieved record Q2 revenue of $61.9 million, up 45% year-over-year and 40% sequentially, marking the largest quarter in company history.

• Launched OASYS, a self-learning agentic AI platform, driving rapid customer adoption, high win rates, and major enterprise deals across healthcare, automotive, and retail.

• Improved all key profitability metrics, including gross margin and reduced net loss.

• Recognized as a leader in Gartner's Magic Quadrant for conversational AI platforms, boosting enterprise credibility and momentum.

• Announced the planned acquisition of LivePerson, expected to close by year-end, to further accelerate scale and leadership in conversational AI.

Financial highlights

• Q2 revenue reached $61.9 million, up 45% year-over-year and 40% sequentially.

• GAAP gross margin was 45.1%, up from 39.0% year-over-year; non-GAAP gross margin was 58.4%, flat year-over-year but up eight points sequentially.

• GAAP operating loss improved by 45% year-over-year to $43.3 million; Adjusted EBITDA loss improved by 33% to $9.6 million.

• GAAP net loss was $42.8 million ($0.10 per share), improved from $74.7 million last year; non-GAAP net loss was $9 million ($0.02 per share).

• Cash and equivalents at quarter end were $203 million with no debt.

Outlook and guidance

• Raised full-year revenue guidance to $230–$260 million, reflecting strong first-half performance and robust pipeline.

• Guidance does not include LivePerson acquisition; post-close, an updated outlook will be provided.

• If LivePerson closes in H2, next year’s revenue is expected to be at least $350–$400 million.