Overview

• SoundHound AI reported Q2 revenue of $42.7 million, up 217% year-over-year, and raised full-year guidance to $160 million–$178 million.
• The stock climbed over 40% in recent sessions, driven by heavy call-option buying and short interest near 35% of the float.
• Analysts at Ladenburg, Wedbush, Piper Sandler and DA Davidson upgraded ratings or raised price targets, with several aiming near $16.
• The company closed the quarter with $230 million in cash, zero debt and narrowed non-GAAP losses despite ongoing GAAP deficits.
• Commercial momentum spans automotive, restaurants and enterprise verticals with deployments powered by Amelia and Nvidia-integrated products.