Strong Top-Line Growth
Q1 revenue of $44.2M, up 52% year-over-year; company reiterates 2026 revenue guidance of $225M–$260M and projects 2027 achievable revenue of $350M–$400M assuming the LivePerson acquisition closes in H2.
Organic Strength in Automotive & IoT
Excluding acquisitions, automotive and IoT AI business grew 88% year-over-year; signed a new 7-figure global vehicle deployment with a prominent Japanese OEM and doubled committed units with another Japanese manufacturer.
OASYS Platform Launch (Orchestrated Agent System)
Announced OASYS, an agentic orchestration platform that builds AI agents in minutes and enables omnichannel deployment (voice, text, web chat, in-vehicle, kiosks). Company cites rapid ROI use cases and expects OASYS to unify products and accelerate migrations.
Proven Customer ROI and Enterprise Use Cases
Cited examples: one Fortune 100 insurance customer achieved over $10M in quarterly labor savings, served >21M customers with >96% routing accuracy, processed >1M financial transactions and generated >$5M in self-service savings; QSR drive-thru locations with SoundHound tech generating greater revenue than comparable locations.
Strategic Acquisition of LivePerson
Entered definitive agreement to acquire LivePerson (expected close H2 2026). Combined company would expand enterprise footprint (customers across >30 countries, includes 25 of the Fortune 100) and management expects the combined business to reach $500M based on existing customer bases.
Broad Multi-Vertical Commercial Traction
Notable wins and expansions across financial services, healthcare, retail, restaurants, consumer enterprise and telecom; deployments with 3 major global fitness apparel brands and integration with Walmart ONN TV; no single customer >10% of revenue in Q1.
Model & Cost Strategy — Polaris and In-House Models
Announced intent to power OASYS primarily with SoundHound's Polaris speech foundation model and specialized in-house LLMs/speech synthesis to reduce runtime dependence on frontier models, with the investment expected to be <1% of market cap and time-bound for rapid ROI and cost savings.
Healthy Balance Sheet
Cash and equivalents of $216M at quarter end and no debt, providing runway for integration activities and investments.