SONO
Sonos, Inc.18.24
-0.09-0.49%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Reaffirms script, calms memory concerns
Q&A largely reaffirmed the prepared script, with management directly tackling memory cost fears: secured extra suppliers, modest RAM needs ensure no back-half product delays. Tom fleshed out AI as complementary conversational tools and anticipatory smarts atop Sonos systemness, while new CMO Colleen ramps sustained marketing fast. Home theater share gains hold in k-shaped demand; installers hit 22% of sales, growing fast. Margins beat via cost cuts and pricing despite tariffs. Confident tone on growth levers. Watch execution on launches.
Key Stats
Market Cap
2.20BP/E (TTM)
-Basic EPS (TTM)
-0.51Dividend Yield
0%Recent Filings
8-K
Sonos declassifies Board
Sonos stockholders approved amendments at the March 5, 2026 annual meeting to phase in Board declassification and eliminate supermajority voting requirements, filed March 10. The Board then aligned bylaws accordingly. Both passed overwhelmingly with over 93 million votes for amid 88.7% turnout. Governance now leans majority-rule.
10-Q
Q1 FY2026 results
Sonos revenue dipped 0.9% y/y to $545.7M in Q1 FY2026 ended December 27, 2025, yet gross margin expanded 2.7 points to 46.5% on lower product costs and inventory write-downs, while operating expenses plunged 20.8% from cost cuts. Operating income soared to $100.4M from $48.1M y/y; diluted EPS hit $0.75 (reconciles to 124.7M shares). Operating cash flow topped $163.3M; free cash flow $157.3M (derived). Cash swelled to $312.5M, with $80M revolver fully available (no debt). Ongoing IP suits with Google linger as a wildcard.
8-K
Sonos Q1 profit surges
Sonos reported Q1 fiscal 2026 revenue of $546M, slightly below prior year yet with GAAP net income surging to $94M from $50M, while Adjusted EBITDA rocketed 45% to $132M. Gross margins expanded to 46.5% GAAP, fueled by slashed operating expenses and lower stock-based comp. Profit topped all of fiscal 2025. Guidance awaits earnings call.
8-K
Sonos adds three directors
Sonos expanded its board from eight to ten members on January 12, 2026, appointing Carmine Arabia, Mandy Fields, and Joe Kennedy as independent directors with terms through 2026-2028. The trio adds hardware scaling, financial discipline, and tech CEO expertise to guide platform strategy amid 17 million households and 53 million devices. New directors receive standard non-employee pay. Forward-looking risks noted.
10-K
FY2025 results
Sonos posted FY2025 revenue of $1.44B, down 4.9% y/y amid app rollout challenges and soft demand, yet boosted Adjusted EBITDA margin to 9.2% via cost cuts including 18% workforce reductions. Q4 saw Arc Ultra launch offset declines in legacy products like Arc and Beam, with products sold dropping 7.5% to 4.625M annually; gross margin slipped to 43.7% from reorganization costs and mix shift. Operating loss widened to $61.1M net loss on $33M restructuring, but cash from operations held at $137M with $175M cash. Repurchased $81M shares under $150M program. New product launches falter without quarterly momentum. Supply chain disruptions from contract manufacturer exits threaten Q1 delivery.
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