Q2 FY2026 EarningsQ2 FY26 results beat revenue expectations at $52.5M vs. $49.0M consensus (+7.2% variance), though revenue declined 12% YoY due to customer attrition and slower renewals. GAAP Gross Margin of 69.9% slightly missed the 70.9% estimate, impacted by lower hosting efficiency. While EBIT remained significantly negative at -$67.7M vs. -$5.5M expected, this was primarily driven by a $51.8M non-cash goodwill impairment and $13.4M in merger-related costs. EPS (GAAP) of -$5.94 missed the -$1.39 consensus significantly due to the impairment charge. The company remains focused on its pending acquisition by SoundHound AI, with no standalone guidance provided.