SoundHound AI (SOUN) Stock Soars 20% Before Thursday’s Earnings Report
SoundHound AI (SOUN) stock surged 20% on May 2, ahead of its Q1 2026 earnings report due on May 7, with Wall Street forecasting revenue near $42.8 million and a loss of $0.10 per share. The stock has gained over 40% in the last four weeks, with a consensus analyst target price of $14.00, suggesting 46% potential upside.
SoundHound AI (SOUN) shares rose 20% on May 2, extending a one-month rally past 40%. The surge comes ahead of the company's Q1 2026 earnings announcement on May 7. Wall Street expects revenue of $42.8 million, a 45%+ annual growth, and a loss of $0.10 per share. The stock's price-to-sales multiple is 22.94, significantly higher than the sector median of 3.64. Twilio's strong quarterly results, highlighting demand for AI-powered voice solutions, supported SoundHound's upward momentum. Short interest represents 38% of available shares, sparking speculation about a potential short squeeze. Analysts rate the stock as Strong Buy, with a consensus target price of $14.00, indicating 46% potential upside. The company's full-year 2026 revenue outlook is $225M-$260M, indicating 33%-54% expansion.
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