TLDR
- SoundHound AI (SOUN) surged 20.1% intraday to $9.56, with trading volume up 151% above average at 67.6 million units.
- The jump was largely driven by Twilio’s strong earnings report, which showed voice AI revenues up 20% year over year.
- Q4 revenue came in at $55.06M, beating estimates, up 59.4% year over year; EPS matched expectations at ($0.02).
- Analysts hold a “Moderate Buy” consensus on SOUN with an average price target of $14.93.
- SoundHound AI’s Q1 2026 earnings report is due the following Thursday.
SoundHound AI (SOUN) shot up 20.1% on Friday, May 1, hitting $9.56 intraday after closing the prior session at $7.96. Volume exploded to 67.6 million units — 151% above the average session.
The stock touched a high of $9.60 during the session, revisiting levels last seen in late January.
The big catalyst wasn’t SoundHound’s own news. It was Twilio (TWLO), which reported blowout earnings Thursday night. Twilio beat Wall Street on both revenue and earnings, set strong guidance for 2026, and its stock jumped over 22%.
Voice AI was front and center in Twilio’s report. Voice revenues rose 20% year over year, marking consistent acceleration over the last six quarters. CEO Khozema Shipchandler said the company expects voice AI to become more conversational and cross-channel over time.
SoundHound and Twilio don’t compete directly, but they overlap in conversational AI tools. Strong demand from Twilio signals a healthy market for voice AI — and investors quickly connected the dots to SOUN.
SOUN also heads into its Q1 2026 earnings call next Thursday, and the Twilio results are creating some optimism ahead of it.
Recent Business Moves
SoundHound has been active on multiple fronts. It completed the $43 million acquisition of LivePerson and has rolled out voice AI ordering tools across 90% of Casey’s General Stores (CASY) locations — developments that were announced just the prior week.
The company’s Q4 results, released February 26, showed revenue of $55.06 million — ahead of the $53.88 million consensus estimate — and up 59.4% from a year earlier. EPS came in at ($0.02), matching estimates. For the full year, analysts expect EPS of ($0.34).
The company remains unprofitable, carrying a negative return on equity of 3.63% and a negative net margin of 8.71%. It trades at a steep 23 times trailing sales.
Analyst Views
Wall Street remains cautiously optimistic. DA Davidson reiterated a “Buy” rating with a $14.00 price target on April 22. HC Wainwright has a “Buy” with a $20.00 target. Piper Sandler held a “Neutral” at $9.00.
The average analyst price target stands at $14.93, with an overall consensus of “Moderate Buy.”
One analyst has a Strong Buy, five hold Buy ratings, three are at Hold, and one is at Sell.
SOUN has a market cap of $4.04 billion, a 50-day moving average of $7.49, and a 200-day moving average of $10.55.
Insider activity has leaned toward selling. In March, both SVP Majid Emami and CFO Nitesh Sharan trimmed their positions at around $6.79 per unit. Combined insider sales over the last 90 days total roughly $2.09 million.
Several hedge funds increased their stakes recently. Rakuten Securities raised its position by 877.9% in Q4. Institutional investors now hold 19.28% of the company.
The next major test for SOUN comes with the Q1 earnings report next Thursday.
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