SoundHound AI shares have fallen 41% so far in 2026 and 63% over the past year, even as the voice-AI company keeps posting record revenue. It still carries net losses and leans on acquisitions for growth.
SoundHound AI stock trades at $5.84, down 3.47% on the day and within a 52-week range of $5.65 to $22.17. The voice and conversational artificial intelligence company has averaged annual gains of 42.7% over the past three years, but that run has reversed in 2026.
The company began as a music-recognition specialist before pivoting into voice AI. Its technology now lets drivers issue voice commands in cars and helps restaurants take customer orders, among other uses.
SoundHound's second-quarter revenue hit a record $62 million, up 45% year over year. The company also signed a seven-figure deal with a nationally ranked healthcare system with 30,000 employees across its hospitals, health parks, and medical offices.
Yet the company is still posting net losses rather than net profits. Much of its growth has come through acquisitions, and its gross margin stands at 33.03%.
SoundHound's market capitalization stands around $2.7 billion. Its price-to-sales ratio now sits at 12, down from 90 in 2024 and nearly 27 in 2025 — a better value than the stock has been, though still a steep ratio.
Source: The Motley Fool
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