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Filing Flows › Sonos (SONO) › Q2 FY26 › vs Q1 FY26

Sonos (SONO) Q2 FY26 vs Q1 FY26 (quarter over quarter)

Sonos's revenue fell $264M (-48%) from $546M in Q1 FY26 to $282M in Q2 FY26. The biggest changes: Sonos speakers −$249M (-54%); Sonos system products −$12.6M (-19%); Partner products and other revenue −$2.3M (-11%).

Sonos, Q2 FY26: revenue $282M (+8% year over year), operating margin -11.2%, net loss $28.9M, operating cash flow −$65.4M. The chart draws each line against Q1 FY26, the increases inside each band.

Sonos: what changed, Q2 FY26 vs Q1 FY26Sonos: what changed, Q2 FY26 vs Q1 FY26Sonos speakers−$249MCosts & expenses−$234MCash used in operations$229MOperating cash sources$226MCost of revenue−$135MOperating costs−$132MNet loss$123MNet loss absorbed$123MWorking capital & other$103MSonos system products−$12.6M

Every line

LineQ2 FY26Q1 FY26Change%
Sonos speakers$210M$459M−$249M-54%
Sonos system products$52.4M$65.1M−$12.6M-19%
Partner products and other revenue$19.1M$21.4M−$2.3M-11%
Revenue$282M$546M−$264M-48%
Income tax benefit$2.2M−$8.3M$10.5M—
Net loss$28.9M−$93.8M$123M—
Costs & expenses$313M$547M−$234M-43%
Operating costs$313M$445M−$132M-30%
Cost of revenue$157M$292M−$135M-46%
Research & development$64.1M$59.8M$4.4M+7%
Sales & marketing$62.4M$65.3M−$2.9M-4%
General & admin$29.7M$28.0M$1.7M+6%
Operating cash sources$92.1M−$134M$226M—
Depreciation & amortization$11.8M$14.0M−$2.2M-16%
Share-based compensation$14.9M$15.2M−$326K-2%
Cash used in operations$65.4M−$163M$229M—
Net loss absorbed$28.9M−$93.8M$123M—
Working capital & other$63.2M−$40.3M$103M—

Questions

How much did Sonos's revenue grow quarter over quarter in Q2 FY26?

Sonos's revenue fell $264M (-48%) from $546M in Q1 FY26 to $282M in Q2 FY26.

What drove Sonos's revenue change in Q2 FY26?

Sonos speakers −$249M (-54%); Sonos system products −$12.6M (-19%); Partner products and other revenue −$2.3M (-11%).

Q2 FY26 results → · Compare in the interactive Sankey →