SoundHound AI (NASDAQ: SOUN) reported first-quarter 2026 revenue of $44.2 million, a 52% increase compared to the same period last year, while reaffirming its full-year revenue guidance of $225 million to $260 million. The company ended the quarter with $216 million in cash and no debt, highlighting its financial stability and continued investment in AI innovation.
Core automotive and IoT AI revenue grew 88% excluding acquisitions, reflecting sustained demand for SoundHound's voice and agentic AI solutions. During the quarter, the company launched its OASYS self-learning agentic AI platform and announced the planned acquisition of LivePerson, a move expected to expand its enterprise footprint and create a projected $500 million revenue opportunity.
SoundHound also highlighted customer expansion across multiple sectors, including automotive, restaurants, financial services, healthcare, and enterprise technology, underscoring the growing adoption of its AI solutions. The company's agentic platform, OASYS, enables businesses to build and deploy conversational AI agents that handle transactions, tasks, and workflows on behalf of customers and employees.
For more details on the earnings release, visit https://ibn.fm/Ydo1C. To learn more about SoundHound AI, visit https://www.soundhound.com/.
