Quarterly ResultJul 29, 2026, 05:26 PM
Sonos Q3 Revenue $375.3M, Net Income $29.9M, EPS $0.25
AI Summary
Sonos Inc. reported strong financial results for the third quarter and first nine months ended June 27, 2026, with revenue increasing and a significant turnaround from a net loss to a net income compared to the prior year. The company also received $23.2 million in refunds for previously paid tariffs and continued its share repurchase program, buying back $94.9 million of common stock year-to-date. Legal proceedings against Google saw favorable outcomes for Sonos, with the ITC's determination upheld and Google's counterclaims largely dismissed or invalidated.
Key Highlights
- Q3 2026 revenue increased to $375.3 million from $344.8 million YoY.
- Q3 2026 net income was $29.9 million, a turnaround from a net loss of $3.4 million YoY.
- Q3 2026 basic EPS was $0.25, a significant improvement from $(0.03) YoY.
- Year-to-date 2026 net income reached $94.8 million, up from a $(23.3) million loss YoY.
- Sonos received $23.2 million in tariff refunds during the third quarter.
- The company repurchased $94.9 million of common stock year-to-date.
- Cash and cash equivalents rose to $206.9 million as of June 27, 2026.
- Americas revenue for Q3 2026 was $238.4 million.
Price Impact
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