SoundHound AI’s third quarter results reflected steady execution across its expanding enterprise customer base, with management attributing growth to rising adoption of AI-powered voice solutions in sectors ranging from automotive to restaurants and financial services. CEO Keyvan Mohajer highlighted that “enterprise AI adoption is booming globally,” emphasizing the company’s progress in deploying its technology across millions of endpoints and achieving notable wins in IoT, automotive, and customer service verticals. Management also pointed to the benefits of recent acquisitions and the integration of proprietary AI models as supporting factors for improved cost efficiency and operational leverage this quarter.

Is now the time to buy SOUN? Find out in our full research report (it’s free for active Edge members).

While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention.

Our Top 5 Analyst Questions From SoundHound AI’s Q3 Earnings Call

• Gil Luria (D.A. Davidson) asked about the scale and timeline of the Chinese IoT deal; CEO Keyvan Mohajer clarified it involves a commitment to double-digit millions of devices over the next two to three years and sets the stage for future humanoid robotics applications.
• Gil Luria (D.A. Davidson) also questioned the impact of the Interactions acquisition; CFO Nitesh Sharan described adjacency in enterprise verticals and anticipated a positive growth curve from integrating legacy customers with SoundHound’s innovation.
• Caden Dahl (Piper Sandler) inquired about the revenue mix between term licenses and SaaS for Amelia; Sharan noted a shift toward recurring and outcome-based revenue models, with onetime license deals now a minimal portion.
• Unknown Analyst (Northland Capital Markets) asked about customer migration to Amelia 7; Sharan reported ongoing growth from the initial cohort and projected about 75% migration by mid-next year, driven by positive customer outcomes.
• Scott Buck (H.C. Wainwright & Company) questioned SoundHound’s capacity to support multiple industry verticals; Sharan explained the company’s horizontal platform strategy and prioritization through partnerships, allowing for focused expansion without overextension.

Catalysts in Upcoming Quarters

Looking to the next few quarters, our analysts will closely watch (1) the rate at which existing customers migrate to Amelia 7 and the resulting impact on recurring revenue, (2) early commercialization milestones for Voice Commerce in automotive and connected devices, and (3) the realization of acquisition-related cost synergies and their effect on profitability. Progress in expanding channel partnerships and successful onboarding of new enterprise clients will also be important indicators of sustained momentum.

SoundHound AI currently trades at $13.23, down from $14.27 just before the earnings. Is there an opportunity in the stock?Find out in our full research report (it’s free for active Edge members).

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