Sonos Inc. reported fiscal second‑quarter 2026 revenue of $281.5 million, an 8 % year‑over‑year increase from $259.8 million in Q2 2025, and a beat of the consensus estimate of $264.9 million. The growth was driven by stronger demand in the Americas and a 25 % rise in APAC sales, while EMEA grew 21 % year‑over‑year, as the company’s “system” strategy continues to attract new customers.
The company posted a GAAP net loss of $28.9 million, or $0.24 per share, and a non‑GAAP diluted loss per share of $0.02, beating the consensus estimate of $0.04. The non‑GAAP loss was narrower because of improved operating efficiency and a favorable product mix, even as the company continued to invest in new product launches and software development.
Adjusted EBITDA for the quarter was $2 million, giving a 0.6 % margin, the first positive margin in four Q2 periods and a sharp turnaround from the negative margin reported in Q2 2025. The improvement reflects cost controls and a shift toward higher‑margin products, but the company cautions that memory‑cost inflation will pressure gross margins in the second half of fiscal 2026.
Management guided for Q3 revenue of $355 million to $375 million, a 3 % to 9 % year‑over‑year increase, and noted that higher memory costs will create an approximately 400‑basis‑point headwind to gross margin in Q3. The company is relocating supply‑chain operations to Malaysia and Vietnam to mitigate tariff headwinds, while continuing to invest in software reliability and AI integration.
"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," said CEO Tom Conrad. "We delivered $282 million of revenue in Q2, up about 8% year‑over‑year and near the top end of our guidance range." CFO Saori Casey added, "Revenue grew 8% year‑over‑year to $282 million…APAC and EMEA growing 25% and 21%, respectively, while Americas grew 2% year‑over‑year. Higher memory costs…approximately 200 basis points of headwind to gross margin. Adjusted EBITDA was positive $2 million…this was our first Q2 with positive adjusted EBITDA in the past 4 years. We expect Q3 revenue to be in the range of $355 million to $375 million, representing growth of 3% to 9% year‑over‑year. Our gross margin guidance range embeds an approximately 400 basis point year‑over‑year headwind from higher memory costs in Q3. As a result, second‑half fiscal 2026 gross margins, both GAAP and non‑GAAP, are expected to be somewhat lower than those recorded in the second half of fiscal 2025.
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