SoundHound AI (SoundHound AI (SOUN)) reported its first-quarter results after the bell on Thursday, and the market wasn't thrilled. The conversational AI company beat revenue expectations but missed on earnings, sending shares down nearly 10% in after-hours trading.

Here's the breakdown: SoundHound posted Q1 revenue of $44.20 million, topping the consensus estimate of $42.56 million. But the adjusted loss came in at six cents per share, wider than the four-cent loss analysts were expecting. Total revenue jumped 52% compared to the same quarter last year, and the company reported an adjusted EBITDA loss of $26.7 million. It ended the quarter with $216 million in cash and cash equivalents.

CEO Keyvan Mohajer highlighted the strength in the company's core business. "Excluding the impact of all acquisitions, revenue was up 88% in our core automotive and IoT AI vertical, highlighting incredible demand across all pillars of our business," he said. He also pointed to the launch of OASYS and the planned acquisition of LivePerson as key moves to build "the world's first self-learning agentic AI platform."

Looking ahead, SoundHound affirmed its full-year 2026 revenue outlook of $225 million to $260 million, which brackets the $232.78 million consensus estimate. That's a positive signal, but it wasn't enough to offset the earnings miss.

Shares of SoundHound AI were down 9.87% in after-hours trading at $8.68 as of Thursday evening, according to market data. Executives are scheduled to discuss the quarter further on an earnings call at 5 p.m. ET.