Q2 25 EPS
$-0.18
MISS 12.50%
Est. $-0.16
Q2 25 Revenue
$259.8M
BEAT +2.23%
Est. $254.1M
vs S&P Since Q2 25
+19.5%
BEATING MARKET
SONO +51.3% vs S&P +31.8%
Market Reaction
Did SONO Beat Earnings? Q2 2025 Results
Sonos delivered a mixed fiscal second quarter, posting a non-GAAP loss of $0.18 per share that missed the $0.14 consensus estimate by 28.57%, even as revenue of $259.76 million crept 2.8% higher year over year and landed at the high end of the compan… Read more Sonos delivered a mixed fiscal second quarter, posting a non-GAAP loss of $0.18 per share that missed the $0.14 consensus estimate by 28.57%, even as revenue of $259.76 million crept 2.8% higher year over year and landed at the high end of the company's own guidance range. The most material bright spot was a dramatic improvement in Adjusted EBITDA, which narrowed to nearly breakeven at negative $826,000 from negative $33.64 million a year earlier, driven by aggressive cost discipline that trimmed non-GAAP operating expenses roughly 14% to $135.10 million. That belt-tightening has come with real structural pain; a February restructuring eliminated approximately 12% of the workforce and contributed $23.70 million in charges during the quarter. Interim CEO Tom Conrad noted that nine major software updates were delivered in 120 days as the company continues recovering from a widely criticized app redesign that disrupted sales over the past year. With the Sonos-Ikea Symfonisk partnership now winding down, investors are watching closely as management pledges to navigate tariff uncertainty and macroeconomic headwinds through continued operational discipline.
Key Takeaways
- • Revenue at high end of guidance range
- • Adjusted EBITDA above high end of guidance due to significant year-over-year expense declines
- • Non-GAAP operating expenses declined from $157.1 million to $135.1 million year over year
- • Non-GAAP gross margin expanded to 47.1% from 45.0% year over year
- • Sonos speakers revenue grew year over year
SONO YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
SONO Revenue by Segment
With YoY comparisons, source: SEC Filings
SONO Revenue by Geography
With YoY comparisons, source: SEC Filings
“We made significant progress in Q2 across our top initiatives. We're firmly on track in restoring the reliability and responsiveness our customers expect, with nine major software updates delivered in the last 120 days and more on the way. We're actively navigating the evolving tariff landscape with operational discipline and flexibility and we're reinvigorating demand through strategic pricing on Era 100, one of our most popular gateway products. Even in a complex environment, we're operating with focus and confidence as we position Sonos for long-term success.”
— Tom Conrad, Q2 2025 Earnings Press Release
SONO Earnings Trends
SONO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SONO EPS Trend
Earnings per share: estimate vs actual
SONO Revenue Trend
Quarterly revenue: estimate vs actual
SONO Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 MISS | $0.01 | $-0.02 | -300.00% | $281.5M | +5.16% |
| Q1 26 BEAT | $0.68 | $0.93 | +36.76% | $545.7M | +1.63% |
| Q4 25 MISS FY | $0.05 | $-0.06 | -220.00% | $287.9M | +4.38% |
| FY Full Year | — | $0.64 | — | $1.44B | — |
| Q3 25 BEAT | $0.15 | $0.19 | +26.67% | $344.8M | +6.13% |
| Q2 25 MISS | $-0.16 | $-0.18 | -12.50% | $259.8M | +2.23% |