SoundHound AI announced its Q2 2026 results, with revenue reaching $61.9 million, a 45% year-over-year increase, and GAAP gross margin expanding from 39.0% to 45.1%. GAAP net loss narrowed to $42.82 million, and adjusted EBITDA loss shrank by 33% year-over-year. The company also raised its revenue outlook for fiscal year 2026 to $230 million to $260 million. In contrast, QuantumScape reported zero GAAP revenue in Q2, a net loss of $98.2 million, and its battery commercialization window is not expected to open until 2029. As of the close of trading on August 24, SoundHound AI's stock price was $7.00, down 29.8% year-to-date; QuantumScape's stock price was $5.72, down 45.1% year-to-date.