Sonos

Q4 FY2026 EarningsQ4 FY26 revenue beat consensus at $344M vs. $340M expected, driven by 20% YoY growth and strong performance across all geographical regions. Non-GAAP gross margin of 42.1% exceeded the mean estimate of 40.15%, although it remains pressured by higher memory costs. Non-GAAP Diluted EPS of $0.04 slightly missed the $0.05 consensus, despite a significant $18M one-time tariff refund benefit excluded from normalized metrics. Management authorized a new $150M share repurchase program, signaling confidence in structural profitability improvements.