SoundHound AI Reports 52% Revenue Growth in First Quarter, Advances Agentic AI Strategy

SoundHound AI, Inc. (NASDAQ: SOUN) reported first-quarter 2026 revenue of $44.2 million, a 52% increase year-over-year, and reaffirmed 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 strong financial position. Core automotive and IoT AI revenue grew 88% excluding acquisitions, reflecting sustained demand for the company's voice and agentic AI offerings across multiple industries.

During the quarter, SoundHound launched its OASYS self-learning agentic AI platform and announced its planned acquisition of LivePerson, a move expected to expand its enterprise footprint and create a projected $500 million revenue opportunity. OASYS is an orchestrated AI system that enables businesses to build and deploy conversational AI agents to handle transactions, tasks, and workflows on behalf of customers and employees. The acquisition of LivePerson is anticipated to accelerate SoundHound's presence in the enterprise market, combining LivePerson's conversational commerce capabilities with SoundHound's advanced AI technology.

SoundHound highlighted customer expansion across automotive, restaurants, financial services, healthcare, and enterprise technology, underscoring growing adoption of its AI solutions. The company's proprietary technology, backed by over 400 patents, powers millions of products and processes billions of interactions annually for enterprise customers worldwide. For more details, the full press release is available at https://ibn.fm/Ydo1C.

The results underscore SoundHound's strategic focus on agentic AI, a paradigm where AI agents autonomously perform tasks and make decisions. With the launch of OASYS and the pending LivePerson acquisition, SoundHound is positioning itself at the forefront of this rapidly evolving field. The company's ability to generate strong revenue growth while maintaining a debt-free balance sheet provides a solid foundation for future investments and expansion.

SoundHound serves leading brands across industries including automotive, financial services, healthcare, retail, and telecommunications. Its platform enables natural, end-to-end conversational experiences across digital and physical channels, such as phones, kiosks, chat, smart devices, drive-thrus, TVs, and in-vehicle systems. For more information about SoundHound, visit https://www.soundhound.com/.