Sonos (8SO) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 13, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

-0.21

Last Year’s EPS

-0.49

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 2 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Feb 03, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The earnings call conveyed solid operational and financial progress: meaningful margin expansion, strong adjusted EBITDA growth, cash generation, inventory reduction, and concrete product and go-to-market initiatives (Arrow 100 traction and AMP Multi). However, top-line recovery remains modest (Q1 revenue down 1%), international markets lag, and industry headwinds (tariffs, memory inflation) plus near-term operating seasonality introduce execution risk. Management communicated confidence and a clear multi-dimensional growth strategy, but the company’s return to durable top-line growth is still contingent on successful product ramps and mitigation of supply/cost pressures.

Company Guidance

Sonos guided Q2 revenue of $250–$280 million (down 4% to up 8% YoY, up 2% at the midpoint), noting Q2 does not include AMP Multi, and expects combined Q1+Q2 revenue of $796–$826 million (flat YoY at the midpoint). For Q2 it expects GAAP gross margin of 44%–46% with non‑GAAP gross margin roughly 220 bps higher (the midpoint implies a ~130 bps YoY GAAP margin improvement and gross‑profit‑dollar growth), Q2 GAAP operating expenses of $150–$160 million (down ~11% at the midpoint) with non‑GAAP OpEx about $16 million lower, and Q2 adjusted EBITDA of negative $18 million to positive $10 million — implying first‑half adjusted EBITDA of $128 million (up 42% YoY and ~470 bps of margin expansion at the midpoint); on a first‑half basis the midpoint guidance implies roughly $308 million GAAP OpEx (down ~16% YoY) and ~$276 million non‑GAAP OpEx (down ~9% YoY).

Q1 Revenue Above Guidance Midpoint

Q1 revenue of $546 million came in above the midpoint of guidance, with overall revenue down only 1% year-over-year but beating expectations for the quarter.

Gross Profit and Margin Improvement

GAAP gross margin was 46.5% and non-GAAP gross margin was 47.5%, modestly above the high end of guidance. Gross profit dollars grew 5% year-over-year driven by lower costs, FX tailwinds and one-time favorability.

Strong Adjusted EBITDA and Margin Expansion

Adjusted EBITDA grew 45% year-over-year to $132 million. Adjusted EBITDA margin expanded substantially to 24.2% (an increase of ~760 basis points year-over-year), and the company generated as much adjusted EBITDA in Q1 as in all of fiscal 2025.

Earnings Per Share and Cash Generation

Non-GAAP EPS grew 37% to $0.93 (from $0.68). Free cash flow was $157 million (up from $143 million year-over-year). Net cash ended the quarter at $363 million (including $51 million of marketable securities).

Cost Savings and Operating Discipline

Management attributes more than $100 million in run-rate savings to prior structural changes. GAAP operating expenses decreased 21% year-over-year to $153 million and non-GAAP operating expenses decreased 19% year-over-year to $137 million in Q1; implied FY-2026 non-GAAP operating expense reduction of ~9% at the midpoint.

Product & Go-To-Market Progress (Arrow 100 & AMP Multi)

Price reduction on Arrow 100 drove accelerated new-customer growth for the third consecutive quarter, with new household starts for Arrow 100 up more than 40% year-over-year. Company announced AMP Multi for installer channel to expand whole-home/system adoption (not included in Q2 guide).

Installed Base Scale and Share Gains

Installed base exceeds 53 million connected devices across more than 17 million homes. Company reported dollar share gains in premium home theater in both the U.S. and EMEA.

Capital Return and Balance Sheet Actions

Returned $25 million to shareholders via share repurchases in Q1 at an average price of $16.79 (reducing share count ~1.2%); $105 million remains on repurchase authorization.

Inventory and CapEx Improvements

Period-end inventory was $125 million, down $16 million (11%) year-over-year and down 27% sequentially. Q1 CapEx was $6 million (down from $13 million prior year).

Positive Near-Term Guidance and Trajectory

Q2 revenue guidance of $250–$280 million (midpoint +2% year-over-year); first half revenue guidance of $796–$826 million (flat at midpoint) with first-half adjusted EBITDA expected at $128 million (up 42% year-over-year), indicating improvement in year-over-year trends and a line of sight to second-half acceleration.

Sonos (DE:8SO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:8SO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 13, 2026	2026 (Q2)	-0.21 / -	-0.487	―	―	―
Feb 03, 2026	2026 (Q1)	0.54 / 0.63	0.336	87.50% (+0.29)
Nov 05, 2025	2025 (Q4)	-0.20 / -0.26	-0.37	29.55% (+0.11)
Aug 06, 2025	2025 (Q3)	-0.09 / -0.03	0.025	-200.00% (-0.05)
May 07, 2025	2025 (Q2)	-0.37 / -0.49	-0.47	-3.57% (-0.02)
Feb 06, 2025	2025 (Q1)	0.14 / 0.34	0.537	-37.50% (-0.20)
Nov 13, 2024	2024 (Q4)	-0.34 / -0.37	-0.21	-76.00% (-0.16)
Aug 07, 2024	2024 (Q3)	0.03 / 0.03	-0.151	116.67% (+0.18)
May 07, 2024	2024 (Q2)	-0.38 / -0.47	-0.202	-133.33% (-0.27)
Feb 06, 2024	2024 (Q1)	0.35 / 0.54	0.479	12.28% (+0.06)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:8SO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 03, 2026	€12.34	€13.34	+8.15%
Nov 05, 2025	€14.19	€14.80	+4.34%
Aug 06, 2025	€9.44	€9.22	-2.31%
May 07, 2025	€8.02	€7.82	-2.59%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.