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Sonos (SONO) earnings and revenue breakdown

Latest: Q3 FY26 · 10-Q filed Jul 29, 2026 · Sonos (SONO) Q3 FY26 earnings results →

Q3 FY26 Revenue up 9% year over year to $375M · 8¢ of every $1 of revenue kept as net profit · operating margin 8.4%

Sonos made $375M in Q3 FY26 (+9% Y/Y): Sonos speakers $285M, Sonos system products $69.3M, Partner products and other revenue $20.7M. Operating margin 8.4%, net earnings $29.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Jul 29, 2026.

Revenue$375M
Year over year+9%
Operating margin8.4%
Net earnings$29.9M
Operating cash flow$46.2M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $375.3M in Q3 FY26, up 9% year over year and up 33% from the previous quarter. Sonos speakers was the largest line at 76% of revenue. Sonos speakers added $31.7M year over year (up 12%), 104% of the total change. Sonos system products declined 5%.

Gross margin was 50.4%, up 7.0 points from Q3 FY25. Operating profit was $31.5M, a 8.4% margin (up 9.3 points year over year). Operating expenses grew 3% against revenue growth of 9%. The fastest-growing cost line was Research & development (+14%). Net earnings were $29.9M. The effective tax rate was 13.0%.

Operating cash flow was $46.2M (up 23% year over year), 155% of net earnings. Non-cash charges added back $11.1M of depreciation and amortization and $16.3M of share-based compensation. Working capital and other items used $11.0M. Capital expenditures of $5.9M left free cash flow of $40.3M.

Quarterly history

Sonos revenue by quarterSonos revenue by quarter$255MQ4 FY24$260MQ2 FY25$345MQ3 FY25$288MQ4 FY25$546MQ1 FY26$282MQ2 FY26$375MQ3 FY26
Sonos net earnings by quarterSonos net earnings by quarter−$53.1MQ4 FY24−$70.1MQ2 FY25−$3.4MQ3 FY25−$37.9MQ4 FY25$93.8MQ1 FY26−$28.9MQ2 FY26$29.9MQ3 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 FY2610-QJul 29, 2026$375M+9%8.4%$29.9M$46.2M
Q2 FY2610-QMay 5, 2026$282M+8%-11.2%−$28.9M−$65.4M
Q1 FY2610-QFeb 4, 2026$546M-0.9%18.4%$93.8M$163M
Q4 FY2510-KNov 14, 2025$288M+13%-12.0%−$37.9M$2.9M
Q3 FY2510-QAug 6, 2025$345M-13%-0.8%−$3.4M$37.4M
Q2 FY2510-QMay 8, 2025$260M+3%-23.6%−$70.1M−$59.7M
Q4 FY2410-KNov 15, 2024$255M-16%-27.2%−$53.1M−$37.7M

Charts

Sonos: revenue growth, year over year and quarter over quarterSonos: revenue growth, year over year and quarter over quarterY/YQ/Q-16%Q4 FY24+3%+2%Q2 FY25-13%+33%Q3 FY25+13%-16%Q4 FY25-1%+90%Q1 FY26+8%-48%Q2 FY26+9%+33%Q3 FY26
Latest (Q3 FY26): Y/Y +9%, Q/Q +33%.
Sonos: where the cash came from (+) and went (−), TTM to Q3 FY26Sonos: where the cash came from (+) and went (−), TTM to Q3 FY26Operating cash flow$147MBuybacks−$116MTaxes on employees’ shares−$25.5MShares issued$25.0MOther investing−$23.3MCash drawn (+) / kept (−)−$5.6MExchange rates−$1.1MOther financing−$780K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Sonos: profit against cash, quarter by quarterSonos: profit against cash, quarter by quarterNet incomeOperating cash flow−$53.1M−$37.7MQ4 FY24$50.2M$156MQ1 FY25−$70.1M−$59.7MQ2 FY25−$3.4M$37.4MQ3 FY25−$37.9M$2.9MQ4 FY25$93.8M$163MQ1 FY26−$28.9M−$65.4MQ2 FY26$29.9M$46.2MQ3 FY26
Latest (Q3 FY26): Net income $29.9M, Operating cash flow $46.2M.
Sonos: diluted shares by fiscal yearSonos: diluted shares by fiscal year110MFY20140MFY21138MFY22128MFY23123MFY24121MFY25
+10.0% since FY20: more shares outstanding (issuance, stock pay).
Sonos in its industry: growth against margin (6 companies, SIC 3651)Sonos in its industry: growth against margin (6 companies, SIC 3651)revenue growth, year over year →↑ operating marginmedian -1%median 3%KNUEICGNSSKOSSMSNSONO (+9%, 8%)
Household Audio & Video Equipment; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About Sonos

Sonos is a leading audio company dedicated to elevating life through sound. Since pioneering multi-room wireless audio in 2005, Sonos has built a system that unites every dimension of sound - music, movies, stories and conversations - into one connected platform. The portfolio includes home theater speakers, components, plug-in and portable speakers, and headphones that compound in value with every room and device its customers add. Known for exceptional sound, thoughtful design, ease of use and seamless access to the world’s audio content, Sonos is trusted by more than 17 million households in 60+ countries around the world.

In its own words, from its 10-K, filed Nov 14, 2025.

Sonos against its Household Audio & Video Equipment peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +9% against the peers' median -1%. Operating margin: 8.4% against the peers' median 3.2%.

CompanyQuarterRevenueY/YOp. margin
SONO SonosQ3 FY26$375M+9%8.4%
KN KnowlesQ3 2026$184M+20%16.7%
UEIC Universal ElectronicsQ3 2026$89.4M-1%3.2%
GNSS GenasysQ3 FY26$7.3M-26%-55.3%
KOSS KossQ1 FY27$3.1M-24%-12.9%
MSN Emerson RadioQ1 FY27$1.1M-37%-65.1%

Source: Sonos 10-Q on SEC EDGAR · CIK 1314727 · Household Audio & Video Equipment

13F: who owns SONO and who is buying

Largest holders of SONO (13F)Largest holders of SONO (13F)BlackRock$248MVanguard Group$245MColiseum Capital Management, LLC$244MVanguard Portfolio Management LLC$124MVanguard Capital Management LLC$69.7MState Street$64.8MArrowstreet Capital, Limited Part…$44.8MGeode Capital Management, LLC$42.6MJacobs Levy Equity Management$41.9MTrigran Investments$38.7M
Funds' net buying of SONO by quarter (13F)Funds' net buying of SONO by quarter (13F)$64.6M2024-09−$5.6M2024-12−$34.6M2025-03$39.9M2025-06$40.5M2025-09$101M2025-12$62.0M2026-03$18.6M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on SONO

History

Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results · Q4 FY24 results

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