Sonos reported third-quarter revenue of $375.26 million, up 8.8% from a year earlier, as CEO Tom Conrad's turnaround efforts delivered a seventh straight quarter of meeting commitments. Non-GAAP earnings per share reached $0.27, beating the $0.20 consensus estimate, while adjusted EBITDA margin expanded to 24.2% in the first quarter of fiscal 2026. The quarter benefited from a non-recurring $23.2 million tariff refund, and Conrad highlighted a $5 billion incremental revenue opportunity by increasing devices per multiproduct household from 4.5 to 6. Shares closed at $14.66, up 35.6% over one year but down 16.5% year to date, with a market cap around $1.73 billion and a consensus analyst price target of $19.12.
Sonos IncQ3 revenue and EPS beat, with adjusted EBITDA margin expansion, driving positive earnings news.
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