Sonos Inc

Sonos delivered a better-than-feared third fiscal quarter, posting non-GAAP earnings of $0.19 per diluted share against a consensus estimate of $0.15, a 26.67% beat, even as revenue of $344.76 million slid 13.2% year over year amid the lingering fallout from its widely criticized app redesign and a tariff-clouded macro environment. The top line still cleared the high end of the company's own guidance range, marking the fourth consecutive quarter management met or exceeded its targets, a streak CEO Tom Conrad, recently elevated from interim to permanent chief executive, has leaned on to signal that the company's recovery is gaining traction. The primary lift came from aggressive cost discipline, with total GAAP operating expenses falling to $152.65 million from $179.05 million a year ago as a 12% workforce reduction initiated in February began flowing through the income statement. Adjusted EBITDA reached $35.59 million, a 10.3% margin. Management opted to defer formal forward guidance to the earnings call, citing ongoing uncertainty around tariffs and the broader consumer spending environment.