New York, May 7, 2026, 11:07 EDT
SoundHound AI shares traded up roughly 2.3% to $9.59 by late Thursday morning, with traders bracing for volatility ahead of the voice-AI company’s first-quarter results, scheduled after the U.S. market close. SoundHound plans to kick off its earnings call at 5 p.m. ET.
Timing is in focus here. SoundHound is working to prove that its latest product and deal headlines will actually translate into revenue, not just buzz. This week saw the launch of OASYS, the company’s new agentic AI platform. In May, SoundHound announced plans to acquire LivePerson, targeting a bigger slice of the enterprise market. Agentic AI, by the way, signals systems able to handle planning and execution with less need for humans.
Options traders aren’t expecting a calm reaction. According to TipRanks, the $9.50 straddle—a combination of call and put options at that strike—is going for $1.47. That price suggests a swing of roughly 15.9% after earnings, setting up an estimated range between $7.80 and $10.74.
Wall Street’s consensus, according to MarketBeat, called for SoundHound AI to post $42.56 million in Q1 revenue, with a 5-cent per-share loss. MarketBeat also had the company set to report earnings after Thursday’s close on May 7.
The bar comes after a robust fourth quarter. SoundHound pulled in $55.1 million in revenue for the period, a 59% jump year over year. Full-year 2025 revenue hit $168.9 million, almost doubling with a 99% increase. Notably, the company still reported a non-GAAP net loss, along with an adjusted EBITDA loss for the quarter—so profitability remains elusive for now.
SoundHound’s shift to OASYS marks a move from “static” AI into what Chief Executive Keyvan Mohajer calls a “self-learning ecosystem.” For Hayley Sutherland, who tracks conversational AI at IDC, platforms like OASYS are “becoming more important” as enterprise buyers see advances in governance and guardrails. GlobeNewswire
There’s also a nod from the institutional side. According to Stocktwits on Thursday, Deutsche Bank bumped its position in SoundHound up 7% from the last quarter, landing at 683,420 shares worth $4.7 million as of March 31. Mohajer told Stocktwits that building the platform to sidestep reliance on any single big AI player was intentional—“flexibility is critical,” he said. Stocktwits
SoundHound is making a bigger strategic play with the LivePerson acquisition. The company put the equity value at $43 million, and it’s projecting $350 million to $400 million in combined revenue by 2027. Management is also eyeing a $500 million opportunity tied to the current customer base. Closing is targeted for the back half of 2026, pending approvals and standard conditions.
There’s a fresh partnership in the works, but it’s not locked in yet. On Wednesday, Richtech Robotics announced it had signed a non-binding letter of intent with SoundHound, aiming to insert SoundHound’s voice AI tech into its service robots. The first test is lined up for a beverage-service demo at the National Restaurant Association Show in Chicago. James Hom, SoundHound’s co-founder and chief product officer, described the collaboration as a way to “close the loop” between what’s said and what’s delivered. GlobeNewswire
The real competitive set goes beyond just voice AI. In a piece picked up by Yahoo Finance, 24/7 Wall St. urged investors to weigh SoundHound’s run-up against heavyweight AI names like Nvidia, Alphabet, and Oracle—companies it said dominate the core AI infrastructure layer. That’s not a direct apples-to-apples product matchup; instead, it’s the core debate for SOUN: specialized agent software, or the scale and recurring revenue that come with the major AI players.
The risk couldn’t be clearer. With the stock pricing in a mid-teens implied move on earnings, there’s almost no tolerance for ambiguity in guidance—particularly since the LivePerson deal hasn’t finalized yet and Richtech is still just a potential partnership. Even a revenue beat might not be enough unless management spells out exactly how OASYS and these recent deals alter the profit trajectory.
At this stage, SoundHound’s earnings aren’t your typical quarterly check-in. They’re more of a referendum on just how much longer investors are willing to buy into its agentic-AI story before the financials reflect the pitch.
