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Benzinga

SoundHound AI jumps 26.44% premarket on Thursday as short squeeze builds and FY26 revenue outlook rises

AI Market Summary
SoundHound AI shares surged as Q2 results beat expectations and high short interest (over 42% of float) likely triggered forced covering. Revenue rose 45% YoY to $61.9M, losses narrowed, and cash remained solid. Management highlighted accelerating traction for its OASYS agentic AI platform, expanding automotive and enterprise partnerships, and raised FY2026 revenue guidance, reinforcing near-term momentum in investor positioning.
Impact level
● Medium
Affected assets
NCSKSOUN2USD/USDT+3.02%
AI Insight · NCSKSOUN2USD/USDTAI Insight
▲ Bullish
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SoundHound AI shares surged on Thursday, with a short squeeze seen as a key driver given the stock’s elevated short interest. The company reported Q2 revenue of $61.9 million, up 45% year over year and ahead of expectations, while adjusted EBITDA loss narrowed 33% to $9.6 million. Management also raised fiscal 2026 revenue guidance to $230 million to $260 million, according to Benzinga Pro.
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