Supported by a strong promotional campaign, Soundbombing II performed significantly better commercially than other underground hip hop albums, peaking at number 30 on the Billboard 200 chart.

In the years since its release, the album achieved a classic status, with music critics claiming that it perfectly captured the late 1990s era in underground hip hop.

By the late 1990s, Rawkus Records established itself in the underground hip hop community, with the releases such as Company Flow's Funcrusher Plus, Mos Def & Talib Kweli Are Black Star, and the first Soundbombing compilation album.

[18] Writing for Entertainment Weekly, Will Hermes praised DJ Babu and J Rocc, calling them "[t]urntable surgeons", and described Soundbombing II as forward-looking.

[14] Matt Diehl of the Rolling Stone magazine named Soundbombing II the year's most vital hip-hop compilation and compared it to a rocket that will take underground hip hop to "overground".

[16] The Wire magazine praised Soundbombing II, calling it an "invaluable [snapshot] of an area of music currently overflowing with ideas", highlighting the album's transformation into "one long funk-flow".

[21] Matt Welty of Complex magazine called it an "early 2000s essential",[22] while Pitchfork's Jeff Weiss said that the album "banged incessantly in dorm rooms across America and England".

[28] Fact magazine placed Soundbombing II at number 8 on their list of the 100 best indie hip hop records of all time, stating that it was a "lesson in the art and science of putting together mixtapes" and "the best and most definitive compilation of the era".