SoundHound AI, Inc. (SOUN) reported a record-setting second quarter with revenue surging 217% year over year to $42.7 million. The company expanded to over 14,000 restaurant locations, adding major names like IHOP and Red Lobster. Strategic partnerships with Acrelec and Par Technologies aim to accelerate AI adoption in global QSR chains.

Competitors like Amazon (AMZN) and Google (GOOGL) pose challenges to SoundHound in the restaurant AI race. Amazon’s Alexa and AWS have a strong foothold in voice-enabled technologies, while Google’s Dialogflow platform excels in conversational AI. Both tech giants could pressure SoundHound’s dominance in QSR AI.

SoundHound’s shares have gained 28.3% in the past three months, outperforming the Computers – IT Services industry. With a forward P/S ratio of 25.35, the company is trading higher than the industry average. The Zacks Consensus Estimate for 2025 loss per share has narrowed to 13 cents, showing improvement from the previous year. The company currently holds a Zacks Rank #3 (Hold).

Read more at Nasdaq: Restaurant AI Wins Accelerate: Can SoundHound Dominate QSRs?