SoundHound AI, Inc. (NASDAQ: SOUN) reported first-quarter 2026 revenue of $44.2 million, a 52% increase year over year, as the company continues to advance its agentic AI strategy. The company reaffirmed its full-year revenue guidance of $225 million to $260 million and ended the quarter with $216 million in cash and no debt. Core automotive and IoT AI revenue grew 88% excluding acquisitions, reflecting sustained demand for voice and agentic AI solutions.
During the quarter, SoundHound launched its OASYS self-learning agentic AI platform, which enables organizations to build and deploy conversational AI agents that handle transactions, tasks, and workflows across digital and physical channels. The company also announced its planned acquisition of LivePerson, a move expected to expand its enterprise footprint and create a projected $500 million revenue opportunity. Customer expansion was noted across automotive, restaurants, financial services, healthcare, and enterprise technology, underscoring growing adoption of its AI solutions.
SoundHound's agentic platform, OASYS, is a self-learning, orchestrated AI system that allows businesses to deliver natural, end-to-end conversational experiences via phones, kiosks, chat, smart devices, drive-thrus, TVs, in-vehicle systems, and more. The platform is built on proprietary technology backed by more than 400 patents and years of AI research. SoundHound serves leading brands across industries including automotive, financial services, healthcare, retail, and telecommunications, powering millions of products and processing billions of interactions annually.
The LivePerson acquisition is expected to significantly expand SoundHound's enterprise reach, combining LivePerson's conversational commerce capabilities with SoundHound's voice and agentic AI expertise. The projected $500 million revenue opportunity highlights the potential impact on the enterprise AI market, as businesses increasingly adopt AI agents to automate customer and employee interactions.
For more details, the full press release is available at https://ibn.fm/Ydo1C. Additional information about SoundHound AI can be found at https://www.soundhound.com/.
The implications of SoundHound's results and strategic moves are significant for the AI industry. The 52% revenue growth and 88% core growth in automotive and IoT AI indicate strong market demand for voice and agentic AI solutions. The OASYS platform and LivePerson acquisition position SoundHound to compete in the rapidly expanding enterprise AI market, where businesses are seeking to deploy autonomous AI agents to improve efficiency and customer experience. This could accelerate the adoption of agentic AI across multiple sectors, transforming how companies handle transactions and workflows.
