3 days ago
SoundHound AI Stock Jumps 25% on Strong Results, Raised Guidance
Key Takeaways
SoundHound AI set a sales record as all of its businesses grew.
The artificial intelligence voice software maker also reported a lower-than-expected loss.
SoundHound AI raised its full-year revenue AI (SOUN) shares took off, soaring 25% in morning trading, when the maker of artificial intelligence voice software reported record sales and boosted its outlook as it added more customers, especially in China.
The company reported second-quarter revenue that skyrocketed 217% to $42.68 million, about $10 million more than analysts from Visible Alpha anticipated. Its per share loss of $0.03 was less than a year ago, and also beat estimates.
Co-founder and CEO Keyvan Mohajer said it was SoundHound AI's 'strongest ever quarter,' and that several of its previous strategic moves 'delivered high-impact results with growth across every business unit.'
Among the gains, the Automotive business scored what the company called a 'significant new win in China for our voice assistant to be integrated in a major OEM with vehicles spanning China and worldwide, including the development of multiple new languages.'
SoundHound AI raised its full-year revenue guidance to a range of $160 million to $178 million, compared to its earlier forecast of $157 million to $177 million.
Despite today's advance, shares of SoundHound AI have lost about a third of their value in 2025.
Read the original article on Investopedia
