Sonos Reports Q3 Fiscal 2026 Results with Revenue Growth and Adjusted EBITDA Increase
Sonos reported third-quarter fiscal 2026 revenue of $375 million, a 9% increase year over year. The growth was driven by strong performance in the Asia-Pacific (APAC) region (+27%) and Europe, Middle East, Africa (EMEA) markets (+17%), while Americas saw more modest gains at +4%. Adjusted EBITDA rose to $44 million, up 24% year over year. However, higher memory costs reduced gross profit by about $14 million in the quarter. Sonos expects continued pressure from rising component costs into Q4, with a projected $35 million headwind on gross profits. The company is implementing cost-cutting and pricing strategies to mitigate these challenges while maintaining its full-year revenue growth outlook of 6%–8%. Sonos also plans product launches such as the Sonos Amp Multi and will showcase conversational-computing initiatives. The firm ended Q3 with $261 million in net cash and marketable securities, reporting free cash flow of $40 million. CFO Saori Casey is set to retire, while investor Chris Shackleton joins the board.
Tickers: $SONO
Topics: adjusted_ebitda executive_changes product_launches revenue_growth supply_chain_costs