Business Wire·Nov 10, 2026, 4:01 PM ET

Sonos Reports Fourth Quarter and Fiscal 2026 Results

SONO

Sonos reported Fiscal 2026 revenue growth of 7% year-over-year to $1,547 million, marking a return to revenue growth for the company.
Fourth Quarter Fiscal 2026 revenue increased 20% year-over-year to $344 million, exceeding the midpoint of the guidance range.
Adjusted EBITDA for Fiscal 2026 grew 39% year-over-year to $184 million, while Non-GAAP operating expenses decreased 3%.
GAAP net income for Fiscal 2026 increased $151 million year-over-year to $90 million, with GAAP diluted EPS rising to $0.73.
Non-GAAP net income for Fiscal 2026 surged 92% year-over-year to $150 million, resulting in Non-GAAP diluted EPS of $1.23.
The company returned $130 million to shareholders during Fiscal 2026 through the repurchase of 8.2 million shares.
A new common stock repurchase program authorized by the Board of Directors allows for up to $150 million in buybacks.
Free cash flow for Fiscal 2026 increased 14% year-over-year to $123 million, driven by operating cash flow growth.
Sonos introduced five new products during the fiscal year, including the Sonos 27 system update.
Revenue grew across all geographical regions, with Americas contributing $972.6 million, EMEA $482.6 million, and Asia Pacific $91.6 million for the full year.
The company noted structural improvements in earning power despite absorbing $56 million in higher memory costs.
Non-GAAP financial measures excluded $41.2 million in IEEPA tariff refunds and associated interest received in the second half of Fiscal 2026.
A conference call and webcast regarding the results is scheduled for November 10, 2026, at 4:30 p.m. Eastern Time.