Quarterly ResultMay 4, 2026, 04:18 PM
Sonos Q2 Revenue +8% to $282M; Appoints Frank Barbieri COO
AI Summary
Sonos, Inc. reported its Second Fiscal Quarter 2026 results, showing an 8% year-over-year revenue increase to $282 million and achieving its first positive Q2 Adjusted EBITDA in four years. The company also announced the appointment of Frank Barbieri as Chief Operating Officer, effective May 4, 2026, with Eddie Lazarus transitioning to solely Chief Legal Officer. These changes mark a significant leadership adjustment alongside a reported return to growth and improved financial performance in the first half of fiscal 2026.
Key Highlights
- Q2 Revenue increased 8% YoY to $282 million, near high end of guidance.
- Q2 GAAP net loss improved to ($29) million from ($70) million YoY.
- Q2 Adjusted EBITDA increased to $2 million, first positive in four years.
- H1 Revenue increased 2% YoY to $827 million.
- H1 GAAP net income improved to $65 million from ($20) million YoY.
- Frank Barbieri appointed COO, effective May 4, 2026.
- Mr. Barbieri's compensation includes a $500,000 base salary and $1.5M in RSUs and $1.5M in PSUs.
- Eddie Lazarus will no longer serve as Business Development Officer, remains Chief Legal Officer.