NEW YORK, July 31, 2026, 5:09 p.m. EDT —
- SoundHound finished the week at $6.13, slipping 0.5%. Trading volume reached around 191 million shares over five sessions.
- Consensus for preliminary Q2 is $52.38 million. To meet the midpoint of guidance, average quarterly sales for the second half must be around $73 million.
- Results will be released on August 5 following market close. The earnings webcast begins at 5:00 p.m. EDT.
SoundHound AI, Inc. NASDAQ:SOUN closed at $6.13 on Friday, slipping 0.5% over the last week. Despite the steady close, the company faces a significant sales challenge ahead. To meet its guidance midpoint, SoundHound must deliver about $73 million in average revenue per quarter in the second half.
U.S. markets were shut for regular trading by the dateline, though after-hours trading was ongoing. Shares were down 0.2% on Friday, leaving them 38.5% lower so far this year.
During five sessions, total trading volume reached approximately 191 million shares, representing around 48% of the public float. The weekly price range spanned 17.5% compared to the close on the previous Friday.
| Session | Close | Daily move | Volume |
|---|---|---|---|
| July 27 | $6.41 | up 4.06% | 42.85 million |
| July 28 | $6.24 | down 2.65% | 41.37 million |
| July 29 | $5.70 | down 8.65% | 46.57 million |
| July 30 | $6.14 | up 7.72% | 26.69 million |
| July 31 | $6.13 | down 0.16% | 33.37 million |
Calculated weekly totals and range percentages are based on available historical data.
Wednesday saw the steepest decline, as shares dropped 8.7% with 46.6 million shares traded, before recovering 7.7% on Thursday. On Friday, the stock slipped by one cent.
On Wednesday, SoundHound broadened its deployment for MUSC Health to cover both retail and specialty pharmacies. Since 2024, the AI agent has managed over 2.2 million patient calls, offering support with refills, prescription status, and pharmacy information.
Crystal Broj, the chief digital transformation officer at MUSC Health, said the system “delivers measurable efficiencies while maintaining the high level of service our patients expect.” The statement did not include the contract value, preventing revenue-per-call analysis. GlobeNewswire
Analysts on average expect Q2 revenue to reach $52.38 million, representing a 22.7% improvement from the same period last year and an 18.5% rise over Q1. These numbers indicate momentum, but they still fall short of meeting the midpoint of the company’s guidance.
| Period | Revenue | Comparison |
|---|---|---|
| Q2 2025 actual | $42.68 million | Prior-year level |
| Q1 2026 actual | $44.20 million | 52% higher than a year ago |
| Q2 2026 preliminary consensus | $52.38 million | 22.7% higher year on year; up 18.5% from last quarter |
The Q2 2026 figure is an initial consensus estimate. Reported values are used for growth rate calculations and minor rounding differences may occur.
The first quarter continued to reflect expensive expansion. GAAP gross margin came in at 31%, with adjusted gross margin climbing to 50%. Adjusted EBITDA loss increased to $26.7 million. Cash and cash equivalents totaled $216 million, with no outstanding debt.
Chief Financial Officer Nitesh Sharan stated that “there will be a ramp in revenue through the year.” The projections illustrate the scale the ramp needs to reach. The Motley Fool
| 2026 revenue forecast | Required sales in H2 | H2 quarterly average | Premium over preliminary Q2 consensus |
|---|---|---|---|
| Low end: $225 million | $128.4 million | $64.2 million | 22.6% |
| Midpoint: $242.5 million | $145.9 million | $73.0 million | 39.3% |
| High end: $260 million | $163.4 million | $81.7 million | 56.0% |
Estimates are based on the preliminary consensus revenue figure of $52.38 million for Q2. These are not official company projections.
With a market capitalization of $2.68 billion as of Friday, the company’s equity was roughly 11 times its midpoint revenue. H.C. Wainwright analyst Scott Buck projects the firm will reach adjusted EBITDA breakeven by year-end, TipRanks reports. The adjusted loss for Q1 stood at $26.7 million.
LivePerson, Inc. NASDAQ:LPSN plans to host an investor webcast on August 5. Shareholders are scheduled to vote on its proposed acquisition by SoundHound on August 20. While regulatory requirements have been met, the deal is still subject to shareholder approval and additional closing conditions.
| Date and time | Event | Investor focus |
|---|---|---|
| August 5, 8:00 a.m. EDT | LivePerson webcast for investors | Transaction details and shareholder voting |
| August 5, after close | SoundHound Q2 earnings | Revenue, margins, outlook |
| August 5, 5:00 p.m. EDT | SoundHound results call | Second-half growth and cash spending |
| August 20 | LivePerson special shareholder meeting | Transaction decision |
Risks: Major contracts may move from one quarter to another, and low margins could extend the period of cash outflow. Additional uncertainty stems from the LivePerson vote, expenses related to integration, and the potential for delays in closing.
An earnings beat in Q2 may not be enough to stabilize the stock. Investors seek a clear pathway from $52 million to $73 million in quarterly revenue. They also require proof that margins expand as deployments increase.
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