SoundHound AI Inc (SOUN) saw its stock soar 5.04% in after-hours trading on Thursday, following the release of its impressive second-quarter earnings report. The voice-based artificial intelligence company significantly outperformed market expectations, demonstrating strong growth in its voice AI solutions.

The company reported Q2 revenue of $42.7 million, handily beating analyst estimates of $32.9 million. SoundHound's adjusted earnings per share (EPS) came in at $(0.03), surpassing the expected $(0.09). This financial performance reflects a growing embrace of voice AI technology across various industries, from automotive to restaurant services.

SoundHound CEO Keyvan Mohajer highlighted the increasing acceptance of AI-powered customer service solutions among businesses of all sizes. "It used to be maybe legacy automation for large call centers... but now it's going to be kind of a better-than-human experience for every business," Mohajer stated. The company's ability to cater to both large enterprises and small local businesses has expanded its market reach. Looking ahead, SoundHound provided a full-year revenue guidance of $160-178 million, slightly above the consensus estimate of $159.6 million, further boosting investor confidence in the company's growth trajectory.