Q2 26 EPS
$-0.02
MISS 300.00%
Est. $0.01
Q2 26 Revenue
$281.5M
BEAT +5.16%
Est. $267.7M
vs S&P Since Q2 26
-11.1%
TRAILING MARKET
SONO -8.2% vs S&P +2.9%
Market Reaction
Did SONO Beat Earnings? Q2 2026 Results
Sonos delivered a split verdict in its fiscal second quarter of 2026, posting revenue that cleared expectations while earnings fell short of the mark. The premium audio company reported $281.53 million in revenue, up 8.4% year over year and ahead of … Read more Sonos delivered a split verdict in its fiscal second quarter of 2026, posting revenue that cleared expectations while earnings fell short of the mark. The premium audio company reported $281.53 million in revenue, up 8.4% year over year and ahead of the $267.72 million consensus estimate by 5.16%, yet its non-GAAP diluted EPS of negative $0.02 missed the $0.01 analyst forecast by 300.00%. The revenue strength was broad-based, with speaker products contributing $210.02 million and EMEA climbing to $83.16 million from $68.78 million a year ago, reflecting gains in international markets that new CEO Tom Conrad has made a strategic priority. Adjusted EBITDA turned positive at $1.72 million, compared to a loss of $826,000 in the year-ago period, supported by a meaningful pullback in operating expenses to $156.22 million from $174.83 million. The company also completed an $85.18 million share repurchase program and named a new COO, moves that analysts see as sharpening Sonos's path toward sustained profitability. Management deferred formal guidance to the earnings call.
Key Takeaways
- • 8% year-over-year revenue growth in Q2
- • Better products and stronger software experience
- • More effective marketing
- • Continued expansion in growth markets
- • Operating expense reductions contributing to Adjusted EBITDA improvement
- • Gross profit dollar growth combined with operating expense reductions drove first-half Adjusted EBITDA up 48% year-over-year
- • First positive Q2 Adjusted EBITDA in four years
SONO Forward Guidance & Outlook
The company stated it would provide guidance on its Q2 fiscal 2026 earnings call. No specific forward-looking financial targets were included in the press release.
SONO YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
SONO Revenue by Segment
With YoY comparisons, source: SEC Filings
SONO Revenue by Geography
With YoY comparisons, source: SEC Filings
“The first half of Fiscal 2026 marks an important turning point for Sonos as we return to growth and change the trajectory of the business. The progress we're seeing comes from coordinated execution across the areas that matter most: better products, a stronger software experience, more effective marketing, and continued expansion in growth markets. This translated into 8% revenue growth in Q2, our first positive Q2 Adjusted EBITDA in four years, and our third consecutive semiannual period of revenue growth improvement. We enter the second half with momentum and a clear focus on building durable growth while staying disciplined in how we operate.”
— Tom Conrad, Q2 2026 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% |