Why it matters: SoundHound AI is combining voice and conversational AI businesses, and its Nov 5 filings pair a record revenue quarter with a 27% workforce reduction plan and cost-synergy targets.
SoundHound AI (SOUN) reported third-quarter revenue of $62.4 million, up 48.5% from $42.0 million a year earlier. The quarter ended Sept 30. Results were released Nov 5.
Profit and loss: GAAP gross margin was 34.1%; non-GAAP gross margin was 50.3%. GAAP net loss was $46.4 million; non-GAAP net loss was $21.2 million. Adjusted EBITDA, a non-GAAP measure, was a loss of $20.7 million. GAAP loss per share was $0.10; non-GAAP loss per share was $0.05.
LivePerson and cash: SoundHound said it closed its acquisition of LivePerson on Sept 4. Cash and cash equivalents were $207.6 million at Sept 30, and short-term debt assumed with LivePerson was $3.8 million, according to the company.
Workforce plan: In the same Form 8-K, SoundHound said that on Nov 4 it began a restructuring plan that includes cutting about 27% of its current global workforce. It estimated GAAP pre-tax charges of $18 million to $22 million, mostly severance and related benefits, with about $16 million to $19 million expected in cash. The company said most charges would be recognized in the fourth quarter of 2026 and that the employee actions are expected to be substantially complete by the end of 2026, subject to local law and consultation rules. These are the company's own descriptions.
The company's outlook: SoundHound said it has identified about $120 million of annualized cost synergies, with more than $80 million of actions scheduled before Jan 1, 2027. It guided 2026 revenue to $250 million to $260 million and 2027 revenue to $350 million to $400 million, and said it expects sustained adjusted EBITDA profitability in the second half of 2027. These are the company's own projections.
This story is for information only and is not investment advice.
Sources
- SoundHound AI: third-quarter 2026 results release, Form 8-K Exhibit 99.1, SEC EDGAR, Nov 5, 2026
- SoundHound AI: Form 8-K (results and restructuring), SEC EDGAR, Nov 5, 2026
- SoundHound AI: Form 8-K filing index, SEC EDGAR, Nov 5, 2026
How we checked this: We read SoundHound AI's third-quarter 2026 earnings release and the related Form 8-K (Items 2.02 and 2.05) as filed with the SEC on Nov 5, 2026, in copies saved on Nov 7, 2026 at about 5:12 PM ET, and checked every figure against them.
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