Cerebras Systems vs. SoundHound AI: Here's What Revenue Trends Tell Investors About These Artificial Intelligence Companies
Key Points
A side-by-side comparison of revenue over the past two years reveals that Cerebras Systems generates larger overall volume than SoundHound AI.
Both companies experienced an upward revenue trajectory, although specific quarter-over-quarter expansions exhibited more variance for Cerebras Systems when compared to the consistent growth path recorded by SoundHound AI.
As these two AI companies evolve financial performance, observant investors should watch closely to determine whether the existing revenue gap continues to widen or if growth rates begin to converge in upcoming reporting periods.
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Cerebras Systems: Rapid Upward Revenue Growth Trends
Cerebras Systems (NASDAQ:CBRS) primarily earns its revenue by developing and manufacturing advanced artificial intelligence compute platforms for data centers.
During the most recent reporting period, it introduced a new rack-scale accelerator designed specifically for heavy computational workloads, and it signed colocation services agreements for a new data center campus located in Minnesota and another in Finland.
SoundHound AI: Gradual Quarterly Revenue Growth Increases
SoundHound AI (NASDAQ:SOUN) earns its revenue by providing a specialized voice technology platform that helps businesses build conversational assistants.
It recently finalized the strategic acquisition of LivePerson following the necessary stockholder approvals, and it launched a new embedded agentic voice AI platform designed for integration into modern vehicles and connected smart devices.
Why Revenue Matters for Investors
Revenue gives investors a foundational baseline measure of a business's total sales volume. Closely tracking this top-line financial figure helps investors understand the total scale and growth trajectory of a business.
Cerebras Systems vs. SoundHound AI Revenue over the last 8 quarters.
Reviewing the Quarterly Revenue Trends for Cerebras Systems and SoundHound AI
| Calendar quarter | Cerebras Systems Revenue | SoundHound AI Revenue |
|---|---|---|
| Q3 2024 | $72.3 million (quarter ended Sept. 30, 2024) | $25.1 million (quarter ended Sept. 30, 2024) |
| Q4 2024 | $81.5 million (quarter ended Dec. 31, 2024) | $34.5 million (quarter ended Dec. 31, 2024) |
| Q1 2025 | $99.5 million (quarter ended March 31, 2025) | $29.1 million (quarter ended March 31, 2025) |
| Q2 2025 | $103.3 million (quarter ended June 30, 2025) | $42.7 million (quarter ended June 30, 2025) |
| Q3 2025 | $135.7 million (quarter ended Sept. 30, 2025) | $42.0 million (quarter ended Sept. 30, 2025) |
| Q4 2025 | $171.4 million (quarter ended Dec. 31, 2025) | $55.1 million (quarter ended Dec. 31, 2025) |
| Q1 2026 | $193.4 million (quarter ended March 31, 2026) | $44.2 million (quarter ended March 31, 2026) |
| Q2 2026 | $180.1 million (quarter ended June 30, 2026) | $61.9 million (quarter ended June 30, 2026) |
Data source: Financial Modeling Prep. Data as of Oct. 13, 2026.
Foolish Take
Comparing revenue trends between Cerebras Systems and SoundHound AI reveals how these businesses are evolving as a result of the artificial intelligence boom.
Cerebras has consistently demonstrated quarter-over-quarter increases over the past two years. That trend stopped in the second quarter of 2026 only because of the amortization of customer warrant assets to the tune of $28 million, which is deducted from revenue. If not for this, Q2 sales would have continued the company's quarter-over-quarter growth trajectory. This demonstrates the strong demand Cerebras is experiencing for its unique wafer-scale architecture, which enables AI systems to operate faster.
SoundHound AI's revenue growth is fueled by acquisitions. Its purchase of LivePerson in September is the latest that has allowed the company's top-line expansion over the past eight quarters. SoundHound previously raised its full-year 2026 revenue outlook to a range between $230 million and $260 million, but that is expected to go up due to the LivePerson deal.
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Robert Izquierdo has positions in SoundHound AI. The Motley Fool has positions in and recommends SoundHound AI. The Motley Fool has a disclosure policy.
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