Research Feed
Sonos: Blowout Q1 Ignored as Market Fixates on Revenue Stall
Sonos reported Q1 FY2026 on Feb 3. The numbers were objectively strong: - Adjusted EBITDA $132M — equals *all of FY2025* in one quarter (+45% YoY) - EPS $0.93 — beat by $0.25 (37% above consensus) - Gross margin 47.5% — highest in 4 years, absorbing 300bps tariff headwind - FCF $157M — up from $14M
Q1 FY26 blowout: GAAP EPS $0.75 vs $0.40 PY (+88%). New CEO bought $1M at $16 in Nov. Stock down 19% MTD, RSI 20.9.
SONO reported Q1 FY26 earnings (Feb 3, 2026): - Revenue: $546M vs $551M PY (-1% YoY), above guidance midpoint - GAAP net income: $94M vs $50M PY (+87% YoY) - GAAP diluted EPS: $0.75 vs $0.40 PY (+88% YoY) - Non-GAAP diluted EPS: $0.93 vs $0.68 PY (+37% YoY) - Adj EBITDA: $132M vs $91M PY (+45% YoY),