Sonos
Designs connected speakers, home-theater products, headphones, and components around synchronized multi-room software.
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Profile
Designs connected home-audio hardware—speakers, soundbars, subwoofers, headphones, and components—linked by software that synchronizes playback and aggregates third-party services. Speaker and system-product sales drive nearly all revenue, while installed households often expand their systems room by room.
Designs home audio systems spanning home-theater soundbars and subwoofers, plug-in and portable speakers, Ace headphones, and Amp and Port components for existing wired setups. A shared app, device firmware, and cloud layer synchronize playback across rooms and connect the system to streaming, voice-control, and third-party services. Hardware sales dominate revenue, while accessories, licensing, advertising, and subscription services remain a small secondary category.
Sells through retailers, online channels, custom installers, and its own website across the Americas, Europe, the Middle East, Africa, and Asia-Pacific; the United States supplies most revenue. The installed-base model supports repeat purchases as households add rooms or products. Manufacturing is outsourced to contractors in Vietnam, China, and Malaysia, while fulfillment depends on third-party warehouses and logistics providers.
Company facts
Key statistics
Year to date −12.5% · Average volume (30d) 1.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 10, 2026 | Susquehanna | Upgrade | Buy | |||
| Jul 10, 2026 | Citigroup | Upgrade | Buy | |||
| Feb 4, 2026 | Morgan Stanley | Target | $17 | $18 | ||
| Jan 5, 2026 | Jefferies | Reiterate | Buy | $35 | $21 | |
| Nov 6, 2025 | Morgan Stanley | Upgrade | Underweight | Equal Weight | $11 | $17 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q3 FY26 | $0.04 | $0.27 | +575.0% | $365.7M | $375.3M | +2.6% | −17.64% |
| May 4, 2026Q2 FY26 | −$0.18 | −$0.24 | −33.3% | $267.7M | $281.5M | +5.2% | −5.78% |
| Feb 3, 2026Q1 FY26 | $0.64 | $0.81 | +26.6% | $536.9M | $545.7M | +1.6% | +6.36% |
| Nov 5, 2025Q4 FY25 | $0.05 | −$0.06 | −220.0% | $535.4M | $287.9M | −46.2% | −2.10% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $259.8M | $344.8M | $287.9M | $545.7M | $281.5M | $375.3M | |
| Gross profit | $113.6M | $149.7M | $125.8M | $253.5M | $124.6M | $189.3M | |
| Operating income | −$61.2M | −$2.9M | −$34.4M | $100.4M | −$25.0M | $24.9M | |
| Net income | −$70.1M | −$3.4M | −$37.9M | $93.8M | −$28.9M | −$64.9M | |
| Diluted EPS | −$0.58 | −$0.03 | −$0.31 | $0.75 | −$0.24 | −$0.51 | |
| Gross margin | 43.7% | 43.4% | 43.7% | 46.5% | 44.3% | 50.4% | |
| Operating margin | -23.6% | -0.8% | -12.0% | 18.4% | -8.9% | 6.6% |
Fiscal years (4-quarter sums)FY21 $1.72B · FY22 $1.75B · FY23 $1.66B · FY24 $1.52B · FY25 $1.44B
Revenue by product · Q3 FY26
Revenue by geography · Q3 FY26
Balance sheet, Jun 27, 2026Cash & short-term investments $261.0M · Total debt $50.2M · Total assets $882.1M · Shareholders' equity $403.5M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 118.29M · Float 97.96M · 82.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 18.33M | 15.50% | 13F | Aug 7, 2026 |
| Coliseum Capital Management, LLC | 18.07M | 15.30% | 13D | Aug 3, 2026 |
| Vanguard Portfolio Management LLC | 9.19M | 7.77% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 5.15M | 4.36% | 13F | Aug 13, 2026 |
| State Street Corp | 4.79M | 4.05% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 29, 2026 | Julius Genachowski | director | −19,855 | $17.00 |
| Jul 28, 2026 | Julius Genachowski | director | −19,855 | $16.50 |
| May 6, 2026 | Carmine Arabia | director | +50 | $14.49 |
| Mar 13, 2026 | Coliseum Capital Management, LLC | 10 percent owner | +90,000 | $13.20 |
| Mar 16, 2026 | Coliseum Capital Management, LLC | 10 percent owner | +13,920 | $13.25 |
Peers
- Apple
Head-to-head in HomePod, AirPlay 2 multi-room, and AirPods Max headphones.
- Amazon
Echo lineup and Alexa contest the premium smart speaker and multi-room tier.
- Sony (ADR)
Headphone benchmark WH-1000XM5, HT-A soundbars, and 360 Reality Audio rival.
- Alphabet Class A
Patent-litigation rival; Nest and Google Cast contest the multi-room space.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sonos | $15.44 | +0.88% | $1.81B | — | 47.8 | 1.2 | +8.9% |
| Apple | $320.07 | +0.15% | $4.70T | 36.6 | 34.7 | 10.1 | +16.4% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| Sony (ADR) | $24.71 | −0.56% | $145.93B | — | 28.9 | 1.8 | −1.6% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| Median | 21.4 | 28.7 | 6.6 | +18.0% |