Revenue beat and strong 52% YoY growth are positive, but widening non-GAAP losses and unchanged guidance temper the outlook. The planned LivePerson acquisition signals a major scale-up but adds integration risk. Monitor margin trends and deal progress; the stock may trade on LivePerson sentiment and organic growth trajectory in coming weeks.
Price Chart
Executive Summary
SoundHound AI reported Q1 2026 revenue of $44.2M, up 52% YoY and above the $42.6M consensus, driven by 88% organic growth in core automotive/IoT. However, GAAP net loss deepened to $(25.0M) due to a reversal of prior fair value gains, and non-GAAP net loss widened to $(26.6M). The company reaffirmed its FY2026 revenue guidance of $225M-$260M and announced the planned acquisition of LivePerson, targeting $350M-$400M in 2027 revenue.
Key Financial Metrics
Key Facts
- Record Q1 revenue of $44.2M (+52% YoY) beat consensus of $42.6M
- GAAP net loss $(25.0M) vs prior year net income $129.9M (impacted by non-cash fair value changes)
- Non-GAAP net loss $(26.6M) vs $(22.3M) a year ago, showing wider adjusted losses
- Reaffirmed FY2026 revenue guidance range of $225M-$260M (no raise)
- Announced agreement to acquire LivePerson (expected close H2 2026); combined 2027 revenue guided to at least $350M-$400M
- Launched OASYS agentic AI platform for enterprise customers
- Cash and cash equivalents of $215.6M with no debt; operating cash flow used $(26.3M)
Financial Impact
Revenue beat by ~$1.6M (3.8%) at midpoint, but non-GAAP losses widened $4.3M YoY
Risk Factors
- LivePerson acquisition may face regulatory hurdles or close later than expected
- Non-GAAP losses continue to widen, limiting path to profitability
- Reaffirmed guidance suggests no acceleration in near-term growth expectations
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001840856-26-000012 |
| Document: soun-20260507ex991earnings.htm | 0001840856-26-000012 |
| Document: soun-20260507.htm | 0001840856-26-000012 |
| Document: 0001840856-26-000012-index-headers.html | 0001840856-26-000012 |
| Document: 0001840856-26-000012-index.html | 0001840856-26-000012 |
| Document: 0001840856-26-000012.txt | 0001840856-26-000012 |
| 8-K Data (Synthetic) | 0001840856-26-000012 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 27, 2026 21w ago | 8-K | $2.70 $1.91 | ▼ −29.26% | ▼ −26.12% | — |
May 11, 2026 24w ago | S-3ASR | $2.70 $2.70 | · 0.00% | ▲ +1.73% | — |
May 7, 2026 24w ago | 8-K | $2.70 $2.70 | · 0.00% | ▼ −0.02% | — |
Apr 21, 2026 27w ago | 425 | $2.70 $2.70 | · 0.00% | ▼ −4.92% | — |
Apr 21, 2026 27w ago | 8-K | $2.70 $2.70 | · 0.00% | ▼ −4.92% | — |
US Market Status
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