Earnings Releases·Nov 10, 2026, 4:23 PM ET

Sonos — Fourth Quarter and Fiscal 2026 Earnings Summary

Fiscal 2026 revenue grew 7% year-over-year to $1,547 million, with Q4 revenue up 20% to $344 million; GAAP net income for the full year rose to $90 million, while Q4 GAAP net loss narrowed to $5 million.
Non-GAAP net income surged 92% year-over-year to $150 million for Fiscal 2026, driven by a 39% increase in Adjusted EBITDA to $184 million and a 3% reduction in Non-GAAP operating expenses.
The company returned $130 million to shareholders in Fiscal 2026 via share repurchases and authorized a new $150 million stock repurchase program following the completion of the prior initiative.
Management confirmed the "system strategy" is driving growth across all regions and product categories, with five new products launched in Fiscal 2026, though future outlook notes potential supply chain challenges regarding semiconductor demand.
Fiscal 2026 results included $41.2 million in non-recurring IEEPA tariff refunds and $56 million in absorbed higher memory costs, alongside $15.6 million in legal costs related to IP litigation.