Key Highlights

  • SOUN shares climbed 12.6% on Wednesday, reaching an intraday peak of $7.94 with trading volume 59% higher than typical levels
  • Partnership with Associated Carrier Group announced April 9 will bring voice AI technology to smaller telecom providers
  • Approximately 92,140 call option contracts changed hands, representing 50% more than typical daily call volume
  • Latest quarterly revenue reached $55.06M, reflecting 59.4% year-over-year expansion; EPS of -$0.02 aligned with forecasts
  • Shares continue trading beneath the 200-day moving average of $11.25, while insiders divested approximately 308,000 shares during the previous 90 days

SoundHound AI (SOUN) delivered a robust performance on Wednesday, gaining 12.6% during a single trading session after experiencing a challenging start to 2026 with a 31% decline during the first quarter. Shares peaked at $7.94 intraday before closing at $7.85, accompanied by trading volume exceeding 41 million shares—substantially higher than typical daily levels.


SOUN Stock Card
SoundHound AI, Inc., SOUN

The primary driver behind the rally was a collaboration unveiled on April 9 with Associated Carrier Group, which will integrate SoundHound’s voice AI platform throughout a network of regional telecom providers. This arrangement focuses on enhancing customer service capabilities at mid-tier mobile carriers.

“Customer service and employee experience are two of the biggest opportunities telcos have when it comes to AI transformation,” said Patrick Caustrita, AVP of Enterprise Sales at SoundHound AI.

The partnership announcement coincided with notable options market activity. Approximately 92,140 call option contracts were purchased—roughly 50% above typical daily call volume—suggesting aggressive bullish sentiment ahead of the company’s upcoming quarterly report.

Speculation regarding a potential short squeeze also gained traction among market participants, contributing additional upward pressure during an already dynamic trading session.

Enterprise Market Penetration Accelerates

SoundHound continues advancing beyond its consumer-focused origins. Recent enterprise implementations include claims processing automation for Mexican insurance provider Quálitas and a voice assistant platform at Peet’s Coffee, currently operational across primary U.S. locations with plans for nationwide expansion.

As customer service inquiries became increasingly sophisticated, Quálitas transitioned to SoundHound’s agentic AI system to handle resolution processes autonomously while reducing dependence on human representatives. The Peet’s Coffee integration enables store personnel to access real-time operational data through voice commands.

These implementations showcase SoundHound’s overarching approach: integrating its platform into enterprise operational systems spanning insurance, retail, and telecommunications industries.

Strong Revenue Performance Alongside Continued Losses

During the most recent quarter, SoundHound reported revenue of $55.06 million, surpassing analyst projections of $53.88 million while achieving 59.4% year-over-year growth. Earnings per share registered at -$0.02, matching consensus estimates.

Full-year 2025 revenue approximately doubled, totaling $169 million. Company leadership has provided 2026 revenue guidance ranging from $225 million to $260 million, with expectations that enterprise agentic AI adoption will fuel the next phase of expansion.

For the first quarter of 2026, Wall Street anticipates revenue of $42.8 million alongside a per-share loss of $0.10.

Wall Street Perspective and Recent Insider Transactions

The equity holds a consensus “Moderate Buy” recommendation, accompanied by an average analyst price target of $14.93—significantly above current trading levels. HC Wainwright maintains a Buy rating with a $20 price objective. Piper Sandler carries a Neutral stance with a $9 target.

Following the rally, shares remain positioned below the 200-day moving average of $11.25 while trading at a price-to-earnings ratio of -156.97. Company insiders disposed of approximately 307,973 shares during the past 90 days, including CEO Keyvan Mohajer, who sold 124,510 shares at $6.79 on March 20.

SOUN shares traded more than 5% higher during Thursday’s premarket session.