Quarterly ResultJul 29, 2026, 04:14 PM
Sonos Q3 Revenue +9% to $375M; GAAP Net Income $30M
AI Summary
Sonos, Inc. reported strong third fiscal quarter 2026 results, with revenue increasing 9% year-over-year to $375 million, landing near the high end of guidance. GAAP net income significantly improved to $30 million, and Adjusted EBITDA grew 24% to $44 million. The company also returned $30 million to shareholders through share repurchases and generated healthy free cash flow of $40 million.
Key Highlights
- Revenue increased 9% year-over-year to $375 million.
- GAAP net income rose by $33 million to $30 million.
- GAAP diluted EPS increased by $0.28 to $0.25.
- Adjusted EBITDA increased 24% year-over-year to $44 million.
- Non-GAAP gross margin was 45.5%.
- Returned $30 million to shareholders through repurchase of 2.0 million shares.
- Free cash flow increased by $8 million year-over-year to $40 million.
- Sonos speakers revenue was $285.3 million, up from $253.7 million.
Price Impact
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