Sonos Stock Price, News & Analysis

Sonos (NASDAQ: SONO) reported Q3 Fiscal 2025 results with revenue of $344.8 million, exceeding guidance despite being lower than the previous year's $397.1 million. The company posted a GAAP net loss of $3.4 million ($0.03 per share), while achieving Non-GAAP net income of $22.6 million ($0.19 per share).

Key financial metrics include a GAAP gross margin of 43.4% and Non-GAAP gross margin of 44.7%. The company generated Adjusted EBITDA of $36 million, reaching the high end of guidance. Operating expenses showed significant year-over-year reductions, reflecting the company's ongoing cost transformation initiatives, including a restructuring plan announced in February 2025 that affected 12% of employees.

Sonos (NASDAQ: SONO) has appointed Tom Conrad as permanent Chief Executive Officer, following his successful tenure as Interim CEO since January 2025. Under Conrad's interim leadership, Sonos has made significant progress in enhancing software quality, developing new product pipelines, and launching improvements to flagship products like Sonos Ace and Arc Ultra.

Board Chair Julius Genachowski expressed confidence in Conrad's appointment, citing his success in restoring urgency and commitment to customer experience. Conrad's vision focuses on leveraging AI and emerging technologies to create more immersive and intelligent audio experiences for customers.

Sonos (NASDAQ: SONO) has scheduled its third quarter fiscal 2025 financial results announcement for Wednesday, August 6, 2025, after market close. The results will cover the period ended June 28, 2025.

The company will host a conference call and Q&A session at 4:30 p.m. Eastern Time. Investors can access the webcast and accompanying slide presentation through the company's investor relations website. For those preferring phone access, toll-free and international dial-in numbers are available.

Sonos (NASDAQ: SONO) announced that CFO Saori Casey will participate in a fireside chat at the Jefferies Public Technology Conference on May 28, 2025. The discussion with Jefferies analyst Brent Thill is scheduled for 12:30 pm Pacific time. The event will be accessible via live webcast and replay through the News & Events section of Sonos' investor relations website.

Sonos (SONO) reported Q2 fiscal 2025 results with revenue of $259.8 million, reaching the high end of guidance. The company posted a GAAP net loss of $70.1 million ($0.58 per share) and a non-GAAP net loss of $21.7 million ($0.18 per share). Gross margin was 43.7% with Adjusted EBITDA at ($0.8) million, exceeding expectations due to significant year-over-year expense reductions. Interim CEO Tom Conrad highlighted progress in key initiatives, including nine major software updates in 120 days to improve reliability. The company is actively managing tariff challenges and stimulating demand through strategic pricing on the Era 100 product. CFO Saori Casey noted strong execution and transformation efforts positioning the company to navigate uncertain market conditions.

Sonos (NASDAQ: SONO) has scheduled its second quarter fiscal 2025 financial results announcement for Wednesday, May 7, 2025, after market close. The earnings report will cover the period ended March 29, 2025.

The company will release a press release and slide presentation, accessible via their investor relations website. A conference call and Q&A session will follow at 4:30 p.m. Eastern Time, with both toll-free (1-888-330-2454, conference ID: 8641747) and international (1-240-789-2714) dial-in options available.

Sonos (NASDAQ: SONO) has announced significant changes to its Board of Directors. Hugo Barra, co-founder and head of product at /dev/agents, has been appointed to the Board effective April 7, 2025. Barra brings extensive technology leadership experience from prominent roles at Meta (Oculus VR division), Xiaomi, and Google's Android division.

Simultaneously, Mike Volpi, Sonos's longest-serving director, is stepping down after 15 years of service. Board Chair Julius Genachowski highlighted Barra's expertise in AI and consumer technology as valuable assets for Sonos's future direction. Barra's track record includes leading Android's growth to its first billion users and overseeing Xiaomi's global expansion to become the world's third-largest smartphone manufacturer.

Sonos (NASDAQ: SONO) has announced a new $150 million stock repurchase program, replacing their previous $200 million program which had $11 million remaining. The new program allows Sonos to purchase common stock through various means, including open market repurchases, privately negotiated transactions, and Rule 10b5-1 trading plans.

The repurchase program has no time limit and will be funded through existing cash, cash equivalents, or future cash flow. The timing and volume of share repurchases will depend on factors including stock price, trading volume, and market conditions. The company maintains discretion to modify, suspend, or discontinue the program at any time.

Sonos (NASDAQ: SONO) has announced that Interim CEO Tom Conrad and CFO Saori Casey will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference. The discussion, moderated by Morgan Stanley analyst Erik Woodring, is scheduled for Monday, March 3, at 4:50 pm Pacific time.

Investors and interested parties can access both the live webcast and replay of the fireside chat through the News & Events section of Sonos' investor relations website.