Sonos Inc

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.