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Sonos (SONO) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 4, 2026
Sonos (SONO) reported revenue of $546M for the first quarter fiscal 2026 (Q1 FY26), -0.9% from a year earlier and +90% from the quarter before. Operating margin was 18.4%, net earnings $93.8M (17.2% of revenue).
Sonos, Q1 FY26: revenue $546M (-0.9% year over year), operating margin 18.4%, net earnings $93.8M, operating cash flow $163M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $546M | +90% | -0.9% |
| Gross profit | $253M | +101% | +5% |
| Operating profit | $100M | — | +109% |
| Net earnings | $93.8M | — | +87% |
| Operating cash flow | $163M | 56× | +5% |
| Free cash flow | $157M | — | +10% |
What changed
Revenue was $545.7M in Q1 FY26, down 1% year over year and up 90% from the previous quarter. Sonos speakers was the largest line at 84% of revenue. Sonos speakers lost $7.9M year over year (down 2%), 152% of the total change.
Gross margin was 46.5%, up 2.6 points from a year earlier. Operating profit was $100.4M, a 18.4% margin (up 9.7 points year over year). Operating expenses fell 21% while revenue fell 1%. Net earnings were $93.8M, up 87% year over year. The effective tax rate was 8.1%.
Operating cash flow was $163.3M (up 5% year over year), 174% of net earnings. Non-cash charges added back $14.0M of depreciation and amortization and $15.2M of share-based compensation. Working capital and other items added $40.3M. Capital expenditures of $6.0M left free cash flow of $157.3M.
Questions
What was Sonos' revenue in the first quarter fiscal 2026?
Sonos (SONO) reported revenue of $546M for the first quarter fiscal 2026 (Q1 FY26), -0.9% from a year earlier and +90% from the quarter before.
Was Sonos profitable in the first quarter fiscal 2026?
Operating profit was $100M (18.4% of revenue) and net earnings $93.8M.
Source: Sonos 10-Q on SEC EDGAR.