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SoundHound AI (NASDAQ: SOUN) develops voice and conversational AI technology for businesses. The company's shares have tanked nearly 71% from their $22.17 intraday high from October 2025 (closing price as of Sept. 9).
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Yet SoundHound AI's business has held up far better than its stock price, creating a gap that makes the shares worth a closer look.
SoundHound AI's revenue was up 45% year over year to $61.9 million in the second quarter. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) loss also improved 33% year over year to $9.6 million. The company exited Q2 with $203 million in cash and no debt. Management expects fiscal 2026 revenue to fall in the range of $230 million to $260 million.
