Sonos Q2 revenue rises

Sonos

04/05/2026 21:11

Overview

US audio equipment maker's fiscal Q2 revenue grew 8% yr/yr, returning to growth

Adjusted EBITDA for fiscal Q2 turned positive after four years of losses

Company repurchased 2.5 mln shares, returning $40 mln to shareholders

Outlook

Company will provide guidance during its Q2 earnings call

Result Drivers

PRODUCT AND SOFTWARE IMPROVEMENTS - Sonos cited better products and a stronger software experience as key drivers of Q2 performance

OPERATING EXPENSE REDUCTIONS - Gross profit dollar growth and reduced operating expenses drove a 48% yr/yr increase in first half Adjusted EBITDA

Company press release: ID:nBw7q9Blga

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$281.5 mln
$270.48 mln (1 Analyst)
Q2 Adjusted EPS
Beat
-$0.02
-$0.25 (2 Analysts)
Q2 Adjusted Net Income
Beat
-$3 mln
-$34.28 mln (1 Analyst)
Q2 Net Income
-$29 mln
Q2 Adjusted EBITDA
Beat
$2 mln
-$5.10 mln (1 Analyst)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Sonos Inc is $19.50, about 31.4% above its May 1 closing price of $14.84

The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 45 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)