SoundHound AI

SoundHound AI reported Q1 2026 revenue of $44.2 million, up 52% year-over-year. Core automotive and IoT AI revenue (excluding acquisitions) grew 88%. GAAP gross margin declined to 31.1% from 36.5% prior year, impacted by non-recurring vendor true-up costs and stock-based compensation; adjusted gross margin was 49.7%. The company posted a GAAP net loss of $(25.0) million and adjusted EBITDA loss of $(26.7) million. GAAP diluted EPS was $(0.11); non-GAAP diluted EPS was $(0.06). Operationally, SoundHound launched OASYS, an orchestrated agentic AI platform, and announced an agreement to acquire LivePerson, which is expected to close in H2 2026 and deliver a combined $500M revenue opportunity with 2027 revenue expected at minimum $350–400M. The company achieved 25 Fortune 100 customers and expanded deployments across automotive OEMs, QSR, banking, and enterprise segments. SoundHound reaffirmed full-year 2026 revenue guidance of $225–260 million. Cash position was $216 million with no debt.

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