Overview

• SoundHound AI reported second-quarter revenue of approximately $43 million, up 217% year-over-year.
• The company lifted its full-year revenue forecast to a range of $160 million–$178 million, exceeding consensus.
• Shares surged roughly 43% over two trading days amid record call option volumes and short interest nearing 35%.
• SoundHound remains unprofitable with over $200 million in operating and net losses; it holds about $230 million in cash and carries no debt.
• Analysts from firms including Wedbush and Ladenburg raised price targets and ratings following the strong earnings report.