NASDAQ$SONO

Sonos Inc · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

Sonos reported fiscal Q2 2026 revenue of $281.5M and a net loss of $28.9M, or $0.24 per share.

For the quarter ended March 28, 2026, Sonos generated revenue of $281.5 million versus $259.8 million. Net loss was $28.9 million ($0.24 per share) compared with a $70.1 million loss a year ago as gross margin improved to 44% and operating loss narrowed.

  • Revenue $281.5M (+8% YoY).
  • Net loss $28.9M vs. $(70.1)M prior year.
  • Gross profit $124.6M on product mix.
  • Share repurchases continued during the quarter.

Headline financials

Total Revenue

$282M

Previous: $260M+8.4%
EPS (adj)

-$0.24

Previous: $0.09-366.7%
Capital Expenditures

-$10.7M

Previous: -$18.7M+42.5%
Net Income

-$28.9M

Previous: -$70.1M+58.8%
Operating Income

-$31.6M

Previous: -$61.2M+48.4%
Gross Profit

$125M

Previous: $114M+9.7%

Revenue & EPS history

Sonos · Revenue · Quarterly

$282M

Q2 2026+8.4%vs Q2 2025
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Sonos · $305M total across 3 segments · Q4 2023

  • Sonos speakers
    $223M-5.0%
  • Sonos system products
    $62.3M-0.7%
  • Partner products and other revenue
    $19.5M+5.9%

Forward guidance

Consumer audio company discusses product cycle, promotional activity, and tariff impacts on earnings calls.

Tailwinds

  • Material reduction in net loss year over year.
  • Revenue growth on new product momentum.

Headwinds

  • Still GAAP unprofitable in fiscal Q2.
  • Competitive smart-speaker market pressure.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2026

Historical avgQ2 2026

-0.5%

Avg return

Earnings day

-0.4%

Avg return

5 days after

-3.5%

Avg return

30 days after

51%

19 / 37 earnings

Positive

+29.5%

Q4 2020

Best reaction

-25.9%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+1.0%+1.3%+9.3%
Q1 2026+6.4%+16.7%-2.5%
Q4 2025+1.5%+1.5%+16.7%
Q2 2025+9.7%+25.3%+11.9%
Q1 2025-7.5%-12.5%-14.1%
Q4 2024-2.2%-10.2%+3.6%
Q3 2024-5.4%-8.4%-6.9%
Q2 2024-5.8%-7.0%-11.2%
Q1 2024+21.8%+15.6%+20.2%
Q4 2023+18.0%+27.2%+51.1%
Q3 2023-7.8%-11.8%-16.1%
Q2 2023-25.9%-28.7%-27.5%
Q1 2023+11.9%+14.2%+3.0%
Q4 2022-2.5%-3.7%-1.5%
Q3 2022-22.3%-22.2%-27.1%
Q2 2022+4.4%+4.5%+2.0%
Q1 2022+4.7%+2.7%-9.7%
Q4 2021-4.3%-6.8%-14.0%
Q3 2021+6.2%+13.4%+5.0%
Q2 2021-3.0%-2.9%+1.3%
Q1 2021+13.1%+10.1%+28.9%
Q4 2020+29.5%+25.1%+42.0%
Q3 2020-13.6%-16.5%-20.7%
Q2 2020-1.3%+0.6%+14.0%
Q1 2020+8.0%-5.7%-28.2%
Q4 2019-2.0%+6.5%+2.2%
Q3 2019+8.8%+18.8%+48.0%
Q2 2019+4.0%+1.8%+3.3%
Q1 2018-13.5%-9.3%-19.3%
Q1 2019-17.1%-16.5%-24.2%
Q2 2018+4.5%+7.5%-15.6%
Q2 2017+4.5%+7.5%-15.6%
Q1 2016+4.5%+7.5%-15.6%
Q4 2018+10.8%-4.4%-18.2%
Q3 2018-19.2%-21.6%-38.0%
Q3 2017-19.2%-21.6%-38.0%
Q4 2017-19.2%-11.2%-28.8%

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