Speaker maker Sonos reports rise in Q1 revenue

Sonos

03/02/2026 21:10

Overview

Audio company's fiscal Q1 revenue rose, exceeding midpoint of company's guidance range

Adjusted EBITDA for fiscal Q1 near high end of range, up 45% yr/yr

Co reports adjusted EPS of $0.93

Outlook

Sonos to provide guidance during Q1 Fiscal 2026 earnings call

Sonos focuses on product innovation and global expansion for future growth

Result Drivers

PRODUCT INNOVATION - Introduction of Amp Multi and planned future products aimed at strengthening Sonos system and platform

OPERATIONAL DISCIPLINE - Strong financial discipline and reinvestment for growth led to a 45% increase in adjusted EBITDA

COORDINATED EXECUTION - Focus on product, software, marketing, and global expansion contributed to positive results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$545.66 mln
$536.93 mln (2 Analysts)
Q1 Adjusted EPS
Beat
$0.93
$0.64 (2 Analysts)
Q1 Adjusted Net Income
Beat
$116 mln
$78.34 mln (1 Analyst)
Q1 Net Income
$93.80 mln
Q1 Adjusted EBITDA
Beat
$132 mln
$117.20 mln (2 Analysts)
Q1 Operating Income
$100.42 mln


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"

The average consensus recommendation for the household electronics peer group is "hold."

Wall Street's median 12-month price target for Sonos Inc is $19.25, about 29.7% above its February 2 closing price of $14.84

Press Release: ID:nBw7tx0SPa

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(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.)