Q1 revenue rose 52% year over year to a record $44.2 million as SoundHound gained traction beyond automotive and restaurants in telecom and energy.
Multi-year renewals with a Texas retail electricity provider, a Kansas utility and a broadband provider across 25 states added recurring enterprise revenue and reduced reliance on any single market.
Management kept 2026 revenue guidance at $225 million to $260 million and said the planned LivePerson acquisition would deepen telecom exposure with customers in more than 30 countries.
The combined platform would add digital messaging to SoundHound’s voice and agentic AI, creating an omnichannel offering across voice, chat, web and messaging for cross-selling into telecom, healthcare, finance and energy.
Shares are still down 35.1% this year, and competition from NICE and Five9 remains intense even as enterprise demand for AI customer-engagement tools grows.