SoundHound AI, Inc. (NASDAQ: SOUN) reported second-quarter 2026 revenue of $61.9 million, up 45.0% from a year earlier and above the $53.4 million estimate. Gross profit rose to $27.9 million, a 67.6% increase year over year, showing continued improvement in the company’s top-line growth and margin profile.
The company remained unprofitable, with operating loss widening to $43.3 million and net loss attributable to common shareholders of $42.8 million. Diluted earnings per share came in at -$0.10, compared with the -$0.0569 estimate.
Cash used in operating activities was $33.7 million, while capital spending was modest at $354,000. SoundHound ended the quarter with $215.6 million in cash and cash equivalents. Shares rose 12.59% after the market close following the release.
- Revenue: $61.9 million, up 45.0% year over year
- Gross profit: $27.9 million, up 67.6% year over year
- Diluted EPS: -$0.10
- Cash and cash equivalents: $215.6 million
- After-hours share move: 12.59%
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
SoundHound AI, Inc. Insider Trading Activity
SoundHound AI, Inc. insiders have traded $SOUN stock on the open market 12 times in the past 6 months. Of those trades, 0 have been purchases and 12 have been sales.
Here’s a breakdown of recent trading of $SOUN stock by insiders over the last 6 months:
- KEYVAN MOHAJER (CEO) has made 0 purchases and 2 sales selling 251,050 shares for an estimated $1,789,170.
- MICHAEL ZAGORSEK (Chief Operating Officer) has made 0 purchases and 2 sales selling 117,962 shares for an estimated $844,380.
- MAJID EMAMI (CSO & SVP, Engineering) has made 0 purchases and 2 sales selling 59,862 shares for an estimated $425,733.
- JAMES MING HOM (Chief Product Officer) has made 0 purchases and 2 sales selling 59,862 shares for an estimated $425,733.
- NITESH SHARAN (Chief Financial Officer) sold 44,027 shares for an estimated $298,956
- TIMOTHY STONEHOCKER (Chief Technology Officer) has made 0 purchases and 2 sales selling 41,889 shares for an estimated $296,989.
- DIANA SROKA sold 1,343 shares for an estimated $9,093
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
SoundHound AI, Inc. Hedge Fund Activity
We have seen 192 institutional investors add shares of SoundHound AI, Inc. stock to their portfolio, and 220 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DEFIANCE ETFS, LLC added 3,836,136 shares (+inf%) to their portfolio in Q1 2026, for an estimated $26,354,254
- GOLDMAN SACHS GROUP INC added 3,464,490 shares (+207.9%) to their portfolio in Q1 2026, for an estimated $23,801,046
- MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. removed 3,434,032 shares (-56.4%) from their portfolio in Q1 2026, for an estimated $23,591,799
- UBS GROUP AG added 2,277,343 shares (+37.2%) to their portfolio in Q1 2026, for an estimated $15,645,346
- MORGAN STANLEY removed 1,879,755 shares (-20.9%) from their portfolio in Q1 2026, for an estimated $12,913,916
- VOLORIDGE INVESTMENT MANAGEMENT, LLC added 1,450,761 shares (+66.0%) to their portfolio in Q1 2026, for an estimated $9,966,728
- CARNEGIE INVESTMENT COUNSEL removed 1,311,710 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $9,011,447
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
SoundHound AI, Inc. Price Targets
Multiple analysts have issued price targets for $SOUN recently. We have seen 3 analysts offer price targets for $SOUN in the last 6 months, with a median target of $14.0.
Here are some recent targets:
- Gil Luria from DA Davidson set a target price of $14.0 on 04/22/2026
- Scott Buck from HC Wainwright & Co. set a target price of $20.0 on 03/02/2026
- James Fish from Piper Sandler set a target price of $9.0 on 02/27/2026
