SoundHound AI's healthcare business is emerging as a potential growth driver, with the company signing a seven-figure deal with a top healthcare system and seeing a top-20 provider quadruple its spending in the second quarter of 2026. The company also added Champion Payer Solutions and secured renewals across nursing, rehabilitation, and biopharmaceutical organizations. Management highlighted that five additional healthcare organizations expanded or renewed contracts, and SoundHound's OASYS platform aims to cut deployment times from months to minutes. Despite healthcare revenues not being separately disclosed, second-quarter 2026 revenues rose 45% to $61.9 million, though the company remains loss-making. SoundHound's shares have fallen 28.7% year to date, and it trades at a forward P/S multiple of 12.65, slightly above the industry average. The Zacks Consensus Estimate for 2026 and 2027 losses per share has narrowed to 16 cents and 13 cents, respectively, and the stock holds a Zacks Rank #2 (Buy).
SoundHound AI IncHealthcare deals surge with seven-figure deal and top-20 provider quadrupling spending, driving growth.
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