SoundHound AI (SOUN) Stock Surges 26% as Earnings Crush Wall Street Estimates
TLDR
- Q2 2026 revenue hit $61.9 million, up 45% year-over-year, beating the $52.4 million consensus estimate
- Adjusted loss per share came in at $0.02, far better than the $0.12 loss Wall Street expected
- Full-year 2026 revenue guidance raised to $230 million to $260 million
- New enterprise deals include multiple seven-figure contracts in healthcare and automotive, plus an eight-figure multi-year partnership across 20+ countries in Latin America
- Stock surged 26% in after-hours trading; all four Wall Street analysts covering SOUN carry Buy ratings with an average price target of $12.75
SoundHound AI (SOUN) stock jumped 26% in after-hours trading on Wednesday after the company posted its strongest quarterly results since going public.
Q2 2026 revenue came in at $61.9 million, up 45% year-over-year and well above the analyst consensus of around $52.4 million. The stock was trading near $8.08 in pre-market, up from a 52-week low of $5.65.
The adjusted loss per share was $0.02. Wall Street had penciled in a loss of $0.12 to $0.13 per share. That gap between expectation and reality was a big part of what moved the stock.
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