Sonos Reports $281.5 Million Revenue with 8.4% Year-Over-Year Growth

Sonos, Inc. reported a revenue of $281.5 million for the three months ended March 28, 2026, marking an increase of 8.4% from $259.8 million in the same period last year. For the six months, revenue rose to $827.2 million, up 2.0% from $810.6 million year-over-year. The company achieved a gross profit of $124.6 million for the quarter, a 9.7% increase compared to $113.6 million in the prior year, while gross margin improved to 44.3% from 43.7%. Despite these gains, Sonos reported a net loss of $28.9 million for the quarter, an improvement from a loss of $70.1 million in the same period last year, and a net income of $64.9 million for the six months, compared to a loss of $19.9 million in the prior year.

The company’s financial performance reflects significant operational changes and strategic initiatives. Operating expenses decreased by 10.6% to $156.2 million for the quarter, driven by reductions in research and development, sales and marketing, and general and administrative costs. Notably, research and development expenses fell by 17.2% to $64.1 million, while sales and marketing costs decreased by 2.9% to $62.4 million. The reduction in operating expenses is attributed to ongoing cost transformation initiatives and organizational restructuring efforts, which included workforce reductions in previous fiscal periods.

Sonos has also made strides in product development and market expansion. The company launched several new products, including the Amp Multi and Sonos Era 100 SL, which contributed to increased sales, particularly in the Sonos speakers category, which accounted for 74.6% of total revenue for the quarter. The Americas region saw a modest revenue increase of 2.2%, while the EMEA and APAC regions experienced more substantial growth, with increases of 20.9% and 25.3%, respectively. The total number of products sold reached 788,768 units for the quarter, reflecting a 2.6% increase compared to the previous year.

Looking ahead, Sonos remains focused on enhancing its operational efficiency and product offerings. The company is committed to refining its go-to-market strategy and continuing to innovate within its product lines. Despite facing challenges such as global economic conditions and supply chain constraints, Sonos anticipates that its strategic initiatives will position the company for sustained growth. The company maintains a strong liquidity position with cash and cash equivalents of $200.2 million and marketable securities of $48.9 million as of March 28, 2026, which it believes will support its operational and capital needs in the near term.