SoundHound AI Posts $61.9 Million Q2 Revenue, Raises 2026 Outlook
Updated
Updated · Yahoo Finance · Aug 5
SoundHound AI Posts $61.9 Million Q2 Revenue, Raises 2026 Outlook
3 articles · Updated · Yahoo Finance · Aug 5
Summary
$61.9 million in second-quarter revenue marked an all-time high for SoundHound AI, up 45% from a year earlier, as the company lifted its full-year forecast.
OASYS drove the gain by helping win major enterprise AI contracts, including 7-figure deals with a 30,000-employee healthcare system and an automotive infotainment software company in China.
Profitability also improved: GAAP gross margin reached 45.1%, non-GAAP gross margin 58.4%, while adjusted EBITDA loss narrowed to $9.6 million and non-GAAP net loss to $9.0 million.
Customer expansion spanned healthcare, finance, telecom, autos and restaurants, with renewals from Rakuen Securities, Red Lobster and Torchy's Tacos, plus broader deployments at Stellantis, Hyundai and a pizza chain now live in more than 75% of locations.
Channel growth added longer-range support through a multi-year Latin America partnership worth an initial 8-figure deal across more than 20 countries and a new agreement with a global IT services provider.