Q1 2026 Sonos Inc Earnings Call Transcript

Feb 3, 2026 / 09:30 PM GMT

Release Date Price: $14.51 (-2.05%)

Transcript 10-Q8-K

Key Points

Positve

Sonos Inc (SONO) reported Q1 revenue of $546 million, exceeding the midpoint of their guidance range.
Adjusted EBITDA grew 45% year over year to $132 million, matching the total adjusted EBITDA for all of fiscal 2025.
The company achieved over $100 million in run rate savings while maintaining investment in innovation.
Sonos Inc (SONO) is executing a strategy focused on five growth dimensions, including product innovation and geo expansion.
The company has seen a 40% year-over-year increase in new customer growth for households starting with the Aera 100 product.

Negative

Revenue in EMEA declined by 4% and APA by 5% year over year.
The company faces headwinds from rising memory costs, impacting gross margins.
Tariff expenses posed a 300 basis point headwind to gross margin.
Q2 revenue is expected to be between $250 million to $280 million, reflecting a potential decline of 4% year over year.
The company is operating without new products to attract new customers or drive repurchase until the second half of fiscal 2026.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SONO.OQ - Sonos Inc
Q1 2026 Sonos Inc Earnings Call
Feb 03, 2026 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. My name is Abby and I will be your conference operator today.

At this time I would like to welcome everyone to the Sonos first quarter fiscal 2026 conference call.

All lines have been placed on mute to prevent any background noise.

After the speaker's remarks, there will be a question-and-answer session. If you'd like to ask a question during that time, simply press followed by the number 1 on your telephone keypad. If you would like to withdraw your question, press 1 a second time.

Thank you, and I would now like to turn the conference over to James Bwanis, head of corporate finance. You may begin.

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