- Price
- $16.42
- Day
- +4.12%
- Mkt Cap
- $1.94B
- 52W Range
- $10.11 – $19.82
- Volume
- 1.59M
- Beta
- 1.96
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Tom Conrad inherited a Sonos (NASDAQ:SONO) in disarray, damaged by a botched app redesign and a shrinking top line.
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Sonos, Inc. (SONO) Q3 2026 Earnings Call Transcript
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SONO topped fiscal Q3 estimates as speaker demand, overseas growth and cost control lifted sales, margins and adjusted EBITDA.
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SANTA BARBARA, Calif.--(BUSINESS WIRE)---- $SONO--Sonos, Inc. (Nasdaq: SONO) today reported Third Quarter Fiscal 2026 results. "Our third quarter demonstrates the inflection we've been talking about, as revenue growth accelerated and the reinvention of the business continued to take hold," said Tom Conrad, Chief Executive Officer of Sonos. "Over the past 18 months, we've built a leaner, more focused company and a healthier core business centered around our system strategy, and that work is showing up in.
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SANTA BARBARA, Calif.--(BUSINESS WIRE)---- $SONO--Sonos, Inc. (Nasdaq: SONO) today announced the appointment of Chris Shackelton to its Board of Directors, effective July 28, 2026. The appointment is the latest step in the evolution of the Sonos Board, which has recently added directors with targeted expertise in areas central to the company. As Sonos enters its next chapter, Mr. Shackelton adds the perspective of a long-term investor, with experience across strategy, financial markets, and capital alloc.
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Sonos NASDAQ: SONO reported third-quarter fiscal 2026 revenue of $375 million, up 9% from a year earlier and near the high end of its guidance range, as growth in Asia-Pacific and Europe, the Middle East and Africa offset more modest gains in the Americas.
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Sonos (SONO) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.19 per share a year ago.
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Sonos (SONO) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
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Sonos, Inc. (NASDAQ: SONO - Get Free Report)'s stock price shot up 5.2% during mid-day trading on Friday. The company traded as high as $15.11 and last traded at $15.01. Approximately 403,614 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 1,735,617 shares. The stock had previously closed
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Sonos, Inc. is downgraded to Hold due to deteriorating fundamentals and heightened competitive threats, despite a fortress balance sheet. Recent revenue growth was driven by favorable currency effects, not organic demand, while profitability improved markedly in the latest period. SONO faces new risks from OpenAI's planned AI-powered speaker and ongoing weak consumer confidence, clouding its growth outlook.
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