Veritone reports Q2 2026 revenue rise, updates guidance
Veritone said Q2 2026 revenue rose 20% sequentially to $24.3 million, while it cut costs by $11.3 million annualized and revised 2026 revenue guidance to $100 million to $150 million.
Veritone (NASDAQ: VERI ) released second-quarter financial results and hosted an earnings call on Thursday.
Read the complete transcript below.
This transcript is brought to you APIs.
For real-time access to our entire catalog, please visit for a consultation.
View the webcast at Summary Veritone reported a 20% sequential revenue increase to $24.3 million in Q2 2026, driven by Veritone Data Refinery (VDR) and licensing services, although slightly below expectations due to delayed public sector contracts.
The company implemented $11.3 million in annualized cost reductions, targeting up to $20 million by year-end 2026, aiming for breakeven profitability in fiscal 2027.
Strategic initiatives include expanding the VDR with hyperscalers, launching new AI products, and enhancing public sector offerings, while facing temporary delays in Department of Defense contracts due to budget shifts.
Veritone secured significant public sector contracts, including a multi-year deal with the California Highway Patrol, and expanded international presence, particularly in the UK.
Management expressed optimism about future growth, citing a strong pipeline and strategic partnerships, but revised 2026 guidance to reflect anticipated revenue between $100 to $150 million.
Full Transcript OPERATOR Good day and welcome to the Veritone second quarter 2026 earnings conference call.
All participants will be in listen-only mode.
Should you need assistance, please signal a conference specialist by pressing the star key followed by zero.
After today's presentation, there will be an opportunity to ask questions.
To ask a question, you may press star then one on your telephone keypad.
To withdraw your question, please press star then two.
Please note this event is being recorded.
I would now like to turn the conference over to Kate Goldsmith, Investor Relations.
Please go ahead.
Kate Goldsmith, Investor Relations Thank you and good afternoon.
After the market closed today, Veritone issued a press release announcing results for the second quarter ended June 30, 2026.
The press release and other supplemental information are available on the Investor Relations section of Veritone's website.
Joining us for today's call are Veritone's President and Chief Executive Officer Ryan Steelberg and Chief Financial Officer Mike Zemetra, who will provide prepared remarks and then open the call for a live question-and-answer session.
Please note that certain information discussed on the call today, including certain answers to your questions, will include forward-looking statements.
This includes, without limitation, statements about our business strategy and future financial and operating performance.
These forward-looking statements are subject to risks, uncertainties and assumptions that may cause the actual results to differ materially from those stated.
Certain of these risks and assumptions are discussed in Veritone's SEC filings, including its Annual Report on Form 10-K.
These forward-looking statements are based on assumptions as of today, August 13, 2026, and Veritone undertakes no obligation to revise or update them.
During this call, the actual and forecasted financial measures we will be discussing include non-GAAP measures.
Reconciliations of these measures to the corresponding GAAP measures are included in the press release we issued today.
Finally, I would like to remind everyone that the call today is being recorded and will be made available for replay via a link on the Investor Relations section of Veritone's website at Now I would like to turn the call over to our President and Chief Executive Officer, Ryan Steelberg.
Ryan Steelberg, CEO Thank you, Kate.
Good afternoon everyone and thank you for joining us today.
During the second quarter, Veritone executed decisively on the strategy and commitments we outlined in May.
Our goal was to create measurable and material outcomes, generating material revenue and repeat orders through Veritone Data Refinery, or VDR, expanding customer adoption and restructuring our organization to be more efficient while materially lowering our cost structure.
I'm proud to report that we delivered on these fronts, improving our second half visibility and firmly positioning the business for profitable growth.
I would summarize our performance like this as we sit here in Q3 of 2026.