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SoundHound AI (NASDAQ: SOUN) Stock Price Surges 24% On Record Revenue Beat And Raised Outlook
['David Prior']
Foreign Policy Journal
SoundHound AI, Inc. (NASDAQ: SOUN) rocketed 24% overnight heading into Thursday after posting its strongest quarter on record, topping Wall Street estimates across key metrics.
The voice-AI company reported second-quarter revenue of $61.9 million, a 45% year-over-year increase that handily beat the $52.39 million analyst consensus.
Adjusted loss per share came in at $0.02, significantly narrower than the $0.05 loss analysts had forecast, signaling meaningful progress toward profitability.
Much of the quarter’s outperformance was attributed to Oasys, SoundHound’s agentic AI platform launched in May, which Mohajer said is winning at every stage of the sales process.
The platform’s “AI Builds AI” feature can construct agents using documents, APIs, and previous call transcripts, compressing development timelines that once took months into a matter of minutes.