SoundHound's OASYS Era Takes Off with Record Q2 and a Strengthened Deal Pipeline

Agentic AI platform fuels 45% revenue growth, Gartner leadership, and a clearer path to LivePerson integration.

SOUN · Earnings Call · 2026-08-05

Record Quarter, OASYS-Fueled

SoundHound AI delivered a blowout Q2, with revenue reaching $62 million—its largest quarter ever. “This was not only a record Q2, but our largest all-time quarter with $62 million in revenue.” — Keyvan Mohajer, CEO and Co-founder · 2026-08-05 The company's OASYS platform, launched in May, is clearly the catalyst. As CEO Keyvan Mohajer put it: “With OASYS, we are winning in demos, we are winning in RFPs, we are winning in pilots, and we are winning as we scale with our customers in production.” — Keyvan Mohajer, CEO and Co-founder · 2026-08-05 The momentum is quantifiable: revenue was up 45% year-over-year and 40% sequentially, and it is 10x higher than Q2 2021, the company's first quarter as a public entity. While the market has been skeptical of AI pure-plays, SoundHound's results are showing the opposite—an acceleration driven by a differentiated agentic AI platform that is resonating across health care, financial services, automotive, and restaurants.

OASYS as a Growth Accelerant

OASYS is not just another AI layer. It introduces self-building and self-optimizing agents, a feature that is dramatically compressing deployment timelines.

Now what used to take us months with a large team is now taking us minutes by just telling the AI what to build... It shows you on the screen what it's doing and you can follow it. And in a matter of minutes, you have something that again used to take us months.
Keyvan Mohajer, CEO and Co-founder · 2026-08-05

This “AI builds AI” capability is turning what was once a professional-services-heavy implementation into a near turnkey sale, and it is pulling in an 8-figure commitment signed in under 90 days. The competitive wins are piling up. The company was named a Leader in the Gartner Magic Quadrant for conversational AI platforms—Gartner's validation matters to enterprise buyers. Health care and financial services are signing at a record pace, and the company's Smart Answering for SMBs more than doubled year-over-year. As CFO James Hom noted: “In Q2, we had $61.9 million in revenue, up 45% year-over-year.” — James Hom, CFO and Co-founder · 2026-08-05 He added that the company is seeing broad-based traction across all verticals, and the underlying fundamentals support this story. Gross margin did dip to 45% on a GAAP basis (58% non-GAAP), but that reflects acquisition-related amortization and integration costs. Management expects gross margin to exceed 70% again as OASYS drives efficiency and the mix shifts to higher-margin software.

LivePerson and the Road Ahead

The planned acquisition of LivePerson is another major piece of the puzzle. Regulatory clearances have been secured, and the deal is expected to close before year-end. The company has a track record of turning around acquired businesses—as Keyvan remarked in the prior quarter, “Our last acquisition is just a few months ago, and we are already seeing signs of turnaround with them.” — Keyvan Mohajer, CEO and Co-Founder · 2026-05-07 More recently, he reiterated that confidence: "We have everything we need to seize a sizable portion of this." For 2026, guidance was raised to $230M-$260M, and for 2027 the target is at least $350M-$400M, assuming the deal closes. The company also highlighted Voice Commerce as a new monetization channel, with pilots in vehicles and TVs set to launch this year. SoundHound is clearly at an inflection point. The stock is up 13.8% over the last 90 days, but it remains 24% below its May peak, suggesting the market is still pricing in execution risk. However, with OASYS, a strong balance sheet, and a growing list of marquee customers, the risk/reward has shifted favorably. The company's ability to convert its massive pipeline into large, repeatable deals— as Keyvan noted, "Our pipeline has never been this big and our win rate has never been this good"—is the key to sustaining this momentum.