Why it matters: Sonos's earnings release shows the company growing again in every region after a down year, though part of the profit swing came from one-time tariff refunds and the company said higher memory chip costs weighed on results.
Sonos (SONO), the maker of wireless speakers and soundbars, said on Nov. 10, 2026 that revenue for its fiscal fourth quarter, which ended Oct. 3, rose 19.6% from a year earlier to $344.4 million, according to its earnings release filed with the SEC.
Sales grew in all three of its regions in the quarter. Revenue in the Americas rose 17.1% to $224.8 million, revenue in Europe, the Middle East and Africa rose 23.6% to $95.9 million, and Asia Pacific revenue rose 29.0% to $23.8 million.
Sonos posted a fourth-quarter net loss of $5.2 million, or 4 cents a share, narrower than its $37.9 million loss a year earlier. Gross margin was 46.1%, up from 43.7%, a figure the company said included $18.0 million of refunds of tariffs collected under the International Emergency Economic Powers Act.
For the full fiscal year, revenue rose 7.2% to $1.55 billion and Sonos earned net income of $89.6 million, or 73 cents a diluted share, after a $61.1 million loss in fiscal 2025. It was the company's first annual profit since fiscal 2022, when it earned $67.4 million, according to its fiscal 2024 annual report, which shows losses in fiscal 2023 and 2024. That result included $41.2 million of tariff refunds and $1.4 million of interest on them, according to the release. Operating expenses fell 6.5% to $636.5 million as research and marketing spending declined. Saori Casey, Sonos's CFO, said the company absorbed $56 million of higher memory costs during the year.
"We grew in every region, delivered meaningfully higher profitability, and brought five new products to market," CEO Tom Conrad said in the release.
Sonos bought back 8.2 million of its shares for $130 million during the year, completing its earlier $150 million repurchase program, and its board approved a new program of up to $150 million. The company ended the year with $178.1 million in cash and cash equivalents and $49.1 million in marketable securities. Inventories rose to $273.0 million from $171.0 million a year earlier. The release did not include a financial outlook; Sonos said it would give guidance on its earnings call.
Not investment advice.
Sources
- Sonos: fourth-quarter and fiscal 2026 results, Form 8-K Exhibit 99.1, SEC EDGAR, Nov. 10, 2026
- Sonos: $150 million stock repurchase program, Form 8-K Exhibit 99.2, SEC EDGAR, Nov. 10, 2026
- Sonos: annual report on Form 10-K for fiscal 2024, SEC EDGAR
How we checked this: We read Sonos's fourth-quarter and fiscal 2026 earnings release and its separate stock repurchase release, both filed with the SEC on Nov. 10, 2026 as exhibits to a Form 8-K and saved at about 5:25 PM ET, and checked every figure against the release tables. Earlier annual results were checked against Sonos's fiscal 2024 Form 10-K. The photo was checked against its Wikimedia Commons file page.
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