Sonos Inc reported third-quarter 2026 results with revenue of $375.26M, up 8.8% from $344.76M a year earlier, and diluted EPS of $0.25 versus ($0.03) in the prior-year quarter as the company returned to profitability.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$375.26M$344.76M8.8% | Net income²$29.85M($3.38M)983.5% | Diluted EPS³$0.25($0.03)933.3% |
¹ Reported as “Revenue”. ² Reported as “Net income (loss)”. ³ Reported as “Earnings (loss) per share”.
Business Highlights
- Revenue growth was driven by new lower‑priced and midrange products; units sold rose 17.4% in the quarter as mix shifted toward the lower‑priced Era 100 SL and Play, which outpaced revenue growth.
- Sonos launched Amp Multi, Sonos Play and Era 100 SL in fiscal 2026 and said it has recommitted to its product roadmap to maintain brand momentum.
- Operational moves included exiting a contract manufacturing partnership and reducing real estate to improve supply chain flexibility and lower costs.
- Gross margin improved to 50.4% in the quarter, aided by tariff refunds and pricing actions despite higher memory and component costs.
Original SEC Filing:
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