Q2 2026 Owlet Inc Earnings Call Transcript

Aug 11, 2026 / 08:30 PM GMT

Release Date Price: $5.44 (+0.37%)

Transcript 10-Q8-K

Key Points

Positve

Record Q2 total revenue of $33.9 million, up 29.9% year-over-year.
Gross margin expanded to 54% (excluding tariff refund), up 270 basis points year-over-year.
Adjusted EBITDA (excluding tariff refund) hit a record $2.9 million, up $2.4 million year-over-year.
Subscription revenue grew to a record $3.2 million, with 130,000 paying subscribers and 36% DreamSock penetration in the US.
International revenue surged 214% year-over-year, with Q2 2026 being the highest international revenue quarter in company history.
New $25 million credit facility with Wells Fargo significantly reduces interest rate margin by at least 525 basis points.
Amazon's enforcement of FDA clearance for vital sign monitors is expected to be a long-term competitive tailwind for Owlet Inc (OWLT).

Negative

Prime Day units sold were down 8% year-over-year due to aggressive competitor discounting.
Q3 revenue is expected to decline sequentially and versus Q3 2025 due to competitor discounting and a challenging comparison.
The company is cautious about the second half due to broader macro signals and consumer spending trends.
Average subscriber length of use is only about one year, below the goal of two years.
Operating expenses increased to $20.1 million from $15.1 million, driven by higher marketing spend and severance costs.
Cash and cash equivalents decreased to $30.9 million from $35.5 million in the prior quarter.
The company is not forecasting additional tariff refunds for 2026, and there is potential repayment risk for Q2 refunds.

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

OWLT.N - Owlet Inc
Q2 2026 Owlet Inc Earnings Call
Aug 11, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello everyone.

Thank you for joining us and welcome to the Owlet Q2 2026 Earnings Conference Call. After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press *1 to raise your hand. To withdraw your question, press *1 again.

I will now hand the conference over to Jay Gensnikow, Investor Relations. Jay, please go ahead.

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Unidentified_2 [2]
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Good afternoon, everyone, and thank you for joining us. Earlier today, Allett released financial results for the second quarter ended June 30, 2026.

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