SoundHound AI’s second quarter results were marked by substantial year-on-year revenue growth and a reduction in non-GAAP losses, surpassing Wall Street’s expectations. Management attributed the strong performance to rapid adoption of the OASYS agentic AI platform, which has accelerated deal cycles and customer onboarding. CEO Keyvan Mohajer described OASYS as “the most intuitive and easiest to navigate” among competing solutions, highlighting that the technology’s ability to automate agent creation and deployment led to higher win rates and faster implementation, especially in complex enterprise settings.
Is now the time to buy SOUN? Find out in our full research report (it’s free for active Edge members).
SoundHound AI (SOUN) Q2 CY2026 Highlights:
- Revenue: $61.9 million vs analyst estimates of $52.41 million (45% year-on-year growth, 18.1% beat)
- Adjusted EPS: -$0.02 vs analyst estimates of -$0.05 (63% beat)
- Operating Margin: -70%, up from -183% in the same quarter last year
- Billings: $55.53 million at quarter end, up 45.7% year on year
- Market Capitalization: $3.29 billion
While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention.
Our Top 5 Analyst Questions From SoundHound AI’s Q2 Earnings Call
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Thomas Blakey (Cantor Fitzgerald) asked about the integration of acquired technologies like Amelia and Interactions into OASYS and how this may translate to opportunities with LivePerson’s customer base. CEO Keyvan Mohajer explained that OASYS is designed to rapidly integrate and upgrade legacy customers, reducing time-to-value and lowering implementation costs.
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Blakey (Cantor Fitzgerald) followed up on the recurring nature and scale of large deals in the pipeline. Mohajer noted that while some large deals may not be strictly recurring, the company consistently secures sizable contracts each quarter, signaling a robust and growing pipeline.
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Gil Luria (D.A. Davidson) inquired about the composition of the recent eight-figure deal and whether it reflects a shift toward larger, multi-country channel partnerships. Mohajer confirmed the deal was a channel commitment involving rollout across 20 countries, with potential for further expansion.
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Luria (D.A. Davidson) also asked about guidance scenarios with and without the LivePerson acquisition. Mohajer clarified that current guidance excludes LivePerson until the deal closes, but reiterated the expectation for increased scale and revenue once integrated.
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Vijay Devar (Northland Capital Markets) questioned the main technology benefits and cross-sell opportunities from the LivePerson deal. Mohajer cited complementary product offerings, the potential for rapid upgrade of LivePerson customers to OASYS, and the ability to offer voice solutions where LivePerson previously focused on chat.
Catalysts in Upcoming Quarters
Looking forward, the StockStory team will be watching (1) the pace and effectiveness of integrating LivePerson’s customer base onto the OASYS platform, (2) further expansion in healthcare and automotive verticals, particularly in Asia and among Fortune 100 brands, and (3) the rollout and monetization of new voice commerce capabilities in vehicles and home electronics. Sustained execution on proprietary model development and customer migration will also be key indicators for future performance.
SoundHound AI currently trades at $7.44, up from $6.43 just before the earnings. At this price, is it a buy or sell? The answer lies in our full research report (it’s free).
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