SoundHound AI Reports 52% Revenue Growth, Advances Agentic AI Strategy with OASYS Platform and LivePerson Acquisition
SoundHound AI's first-quarter revenue surged 52% to $44.2 million, driven by core automotive and IoT AI growth of 88%, as the company expands its agentic AI platform and targets a $500 million revenue opportunity through the planned acquisition of LivePerson.
SoundHound AI, Inc. (NASDAQ: SOUN) reported first-quarter 2026 revenue of $44.2 million, a 52% increase year over year, underscoring robust demand for its voice and agentic AI solutions across multiple industries. 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, signaling strong financial health.
Excluding acquisitions, core automotive and IoT AI revenue grew 88%, reflecting continued adoption of SoundHound's technology in key verticals. The company attributed the growth to expanding customer relationships in automotive, restaurants, financial services, healthcare, and enterprise technology.
During the quarter, SoundHound launched its OASYS self-learning agentic AI platform, a significant advancement in its technology stack. OASYS is designed to enable organizations to build and deploy conversational AI agents that handle transactions, tasks, and workflows autonomously. The platform leverages proprietary technology backed by over 400 patents, positioning SoundHound to compete in the rapidly evolving agentic AI market.
SoundHound also announced its planned acquisition of LivePerson, a move expected to expand its enterprise footprint and create a projected $500 million revenue opportunity. The acquisition aligns with SoundHound's strategy to deepen its presence in customer service and conversational commerce, combining LivePerson's messaging platform with SoundHound's voice AI capabilities.
The company's OASYS platform represents a shift toward self-learning AI systems that can adapt and improve without constant human intervention, potentially reducing operational costs for businesses and enhancing customer experiences. By integrating with LivePerson, SoundHound aims to offer a comprehensive solution spanning voice, chat, and digital channels.
For the full press release, visit https://ibn.fm/Ydo1C. More information about SoundHound AI is available at https://www.soundhound.com/.