SoundHound AI Q2 revenue jump lifts stock 13% after earnings

SoundHound AI Inc. reported second‑quarter 2026 revenue of $61.9 million, a 45% year‑over‑year increase that topped the $53.4 million consensus estimate. Gross profit rose 68% to $27.9 million and gross margin improved to 45.1%, while non‑GAAP gross profit reached $36.1 million with a 58.4% margin. The company narrowed its GAAP operating loss to $43.3 million from $78.1 million a year earlier and reduced adjusted EBITDA loss by 33% to $9.6 million. Full‑year 2026 revenue guidance was raised to $230‑$260 million, above the $232.5 million midpoint of analyst forecasts. The earnings beat sent shares, which had been down 1.2% during the session, up 13.5% in after‑hours trading to $7.30. Growth was driven by new enterprise deals across healthcare, automotive and restaurant sectors, including a seven‑figure agreement with MUSC Health, expanded voice‑assistant deployments, and contracts with Stellantis and Hyundai for generative voice services in vehicles.