SoundHound AI Q2 Earnings: Analysts Upgrade to 'Buy' Amid Record Revenue Growth

SoundHound AI (SOUN) reported record Q2 revenue of $42.7mln, up 217% YoY, and raised its full-year revenue forecast to $160-$178mln. Analysts upgraded SOUN stock to 'Buy' with price targets ranging from $14.5 to $15, reflecting growing confidence in the company's growth prospects. The stock surged 26% on Friday but was down 2% in pre-market trading on Monday.

SoundHound AI Inc. (SOUN) reported record second-quarter (Q2) revenue of $42.7 million, up 217% year-over-year (YoY), and raised its full-year revenue forecast to $160-$178 million. The stock surged 26% on Friday, July 12, but was down 2% in pre-market trading on Monday, July 14.

The voice AI company's Q2 revenue beat analyst expectations of $32.88 million and marked the company's strongest quarter to date. Adjusted losses narrowed to $0.03 per share versus the $0.09 consensus estimate. CEO Keyvan Mohajer called it "our all-time strongest quarter," with growth across automotive, enterprise AI, and restaurant automation segments. The platform now processes over 1 billion monthly queries [1].

SoundHound AI raised its full-year revenue forecast to $160-$178 million, above the $159.54 million estimate, and expects adjusted EBITDA profitability by year-end. Key drivers included new automotive wins in China, restaurant partnerships with Red Lobster and IHOP, and strong adoption of its Polaris AI model. Restaurant locations using voice AI ordering exceeded 14,000, adding 1,000 in Q2 [1].

Analysts upgraded SOUN stock to 'Buy' with price targets ranging from $14.5 to $15, reflecting growing confidence in the company's growth prospects. The stock surged 26% on Friday but was down 2% in pre-market trading on Monday [1].

References:
[1] https://www.benzinga.com/markets/equities/25/08/46991857/soundhound-ai-stock-surges-20-premarket-after-record-q2-revenue-beat
[2] https://www.marketbeat.com/instant-alerts/rep-cleo-fields-buys-soundhound-ai-inc-nasdaqsoun-stock-2025-08-08/