AI Stock SoundHound AI, Inc. (Nasdaq: SOUN) Runs on Strong Revenue Performance

Investorideas.com (www.investorideas.com newswire) a trusted platform for investing ideas including AI stocks issues a news and trading alert for SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice and agentic AI.

The stock is trading at 7.20 +0.77 (+11.90%) on volume of over 20 Million shares as of this report. The stock has a morning high of $8.19, showing the retail investor demand for AI stocks is far from over.

Why did the stock run?

SoundHound AI just reported its financial results for the second quarter 2026.

“Our exceptional Q2 results demonstrate the momentum SoundHound is building, achieving a strong revenue performance, disciplined cost management, and industry-leading platform validation,” said Keyvan Mohajer, CEO and Co-Founder of SoundHound AI. “With our Q2 revenue now 10 times what it was when we debuted as a public company in Q2 2022, and enterprise demand for high-ROI voice and agentic AI accelerating globally, our OASYS platform and in-house model innovations position us to lead in the new era of enterprise automation.”

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Financial Highlights

• Second quarter reported revenue was $61.9 million, an increase of 45% year-over-year
• Second quarter GAAP gross margin was 45.1%; non-GAAP gross margin was 58.4%
• Second quarter adjusted EBITDA was a loss of ($9.6) million
• Second quarter GAAP net loss was ($42.8) million; non-GAAP net loss was ($9.0) million
• Second quarter GAAP earnings per share was a loss of ($0.10); non-GAAP earnings per share was a loss of ($0.02)

“Our strong topline growth this quarter was driven by signing major enterprise AI deals attributed to OASYS. We also significantly improved our bottomline year-over-year,” said James Hom, Interim CFO and Co-founder of SoundHound AI. “We are excited by the strong interest we are already seeing with OASYS which is a testament to the category-defining technology we continue to deliver to the market. Our investment in innovation, combined with our cost discipline, is key as we drive our business toward achieving profitable growth.”

Business Highlights

Healthcare and Pharmaceuticals

• Signed a 7-figure deal with a nationally ranked healthcare system with 30,000 employees throughout its hospitals, health parks, and medical offices
• Won Champion Payer Solutions, a California based company that provides all aspects of managed care management services to client physician groups
• Won new business with an existing U.S. healthcare customer that provides technology, pharmacy care, and direct healthcare services globally
• Won new business with existing customer that provides practice management and electronic health record solutions, customized for the eye care industry

Renewed with:

• A leading in-home nursing services, pediatric therapy, enteral nutrition, and ABA therapy healthcare company
• A rehab facility offering nursing care for short-term rehab, respite care, and long-term care services
• A global biopharmaceutical leader and one of the world’s largest generic drug manufacturers

Banking, Financial Services, and Insurance:

Renewed with:

• Rakuten Securities, one of Japan’s largest online brokerages, serving over 6 million accounts.
• A global asset-management firm providing investment-management and research services to investors worldwide
• One of the largest American multinational banks offering financial services and investment banking
• A major international financial services organization headquartered in Canada offering life and health insurance, wealth solutions, and asset management
• An insurance company that offers individuals, professionals and businesses casualty insurance products

Telecommunications:

• Renewed with a British multinational telecommunications company operating in 15 countries

Auto, Devices, and Voice Commerce:

• Signed a 7-figure deal with a major automotive infotainment software company in China
• Won a new deal with a global developer of automotive diagnostic scan tools, ADAS calibration systems, and shop maintenance equipment
• Stellantis increased overall unit adoption and expanded to add SoundHound’s live generative AI capabilities
• Hyundai expanded unit adoption of live generative AI capabilities
• Multinational electronics manufacturer agreed to deploy SoundHound’s technology to enable agentic transactions directly from their TVs
• Signed a new world-renowned automotive brand to rollout direct in-car Voice Commerce transactions

Restaurants, Retail, and Consumer Goods:

Signed new deals with:

• A large QSR specializing in seafood to adopt SoundHound’s drive-thru ordering solution
• Ruby Tuesday signed on to use both Smart Answering and Smart Ordering solutions
• A major QSR known for American-style Mexican food
• A sushi restaurant known for its music and concert-themed menus
• Continued expansion with key brands: Five Guys, IHOP, Jersey Mike’s, and a prominent pizza brand that now has SoundHound technology live in more than 75% of their total locations.
• Signed renewals with Habit Burger, Red Lobster, and Torchy’s Tacos. Lazy Dog also renewed and expanded to use both Smart Answering and Smart Ordering

Channel Expansion:

• Signed a new multi-year partnership with a company in Latin America, representing an initial 8-figure deal to deliver SoundHound technology to their vast network spanning over 20 countries
• Entered into a partner agreement with a massive global IT services and consulting provider specializing in comprehensive enterprise digital transformations

Full news

https://www.soundhound.com/newsroom/press-releases/soundhound-ai-reports-record-q2-and-all-time-high-revenue-of-61-9-million-up-45-raises-full-year-outlook/

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