Filing Flows › Sonos (SONO) › Q3 FY26 › vs Q2 FY26
Sonos (SONO) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Sonos's revenue rose $93.7M (+33%) from $282M in Q2 FY26 to $375M in Q3 FY26. The biggest changes: Sonos speakers +$75.3M (+36%); Sonos system products +$16.8M (+32%); Partner products and other revenue +$1.6M (+8%). Gross margin 50.4% against 44.3% (+6.2 pts).
Sonos, Q3 FY26: revenue $375M (+9% year over year), operating margin 8.4%, net earnings $29.9M, operating cash flow $46.2M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 50.4% | 44.3% | +6.2 pts |
| Operating margin | 8.4% | -11.2% | +19.6 pts |
| Net margin | 8.0% | -10.3% | +18.2 pts |
| Free cash flow margin | 10.7% | -24.9% | +35.7 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Sonos speakers | $285M | $210M | $75.3M | +36% |
| Sonos system products | $69.3M | $52.4M | $16.8M | +32% |
| Partner products and other revenue | $20.7M | $19.1M | $1.6M | +8% |
| Revenue | $375M | $282M | $93.7M | +33% |
| Gross profit | $189M | $125M | $64.7M | +52% |
| Cost of revenue | $186M | $157M | $29.1M | +19% |
| Other income, net | $2.8M | $446K | $2.3M | +520% |
| Operating profit | $31.5M | −$31.6M | $63.1M | — |
| Operating expenses | $158M | $156M | $1.6M | +1% |
| Pre-tax earnings | $34.3M | −$31.1M | $65.4M | — |
| Research & development | $67.9M | $64.1M | $3.7M | +6% |
| Sales & marketing | $59.6M | $62.4M | −$2.8M | -4% |
| General & admin | $30.3M | $29.7M | $563K | +2% |
| Net earnings | $29.9M | −$28.9M | $58.7M | — |
| Income tax | $4.4M | −$2.2M | $6.7M | — |
| Depreciation & amortization | $11.1M | $11.8M | −$778K | -7% |
| Share-based compensation | $16.3M | $14.9M | $1.5M | +10% |
| Working capital & other | $11.0M | $63.2M | −$52.2M | -83% |
| Operating cash flow | $46.2M | −$65.4M | $112M | — |
| Free cash flow (OCF − capex) | $40.3M | −$70.2M | $110M | — |
| Capital expenditures | $5.9M | $4.8M | $1.2M | +25% |
Questions
How much did Sonos's revenue grow quarter over quarter in Q3 FY26?
Sonos's revenue rose $93.7M (+33%) from $282M in Q2 FY26 to $375M in Q3 FY26.
What drove Sonos's revenue change in Q3 FY26?
Sonos speakers +$75.3M (+36%); Sonos system products +$16.8M (+32%); Partner products and other revenue +$1.6M (+8%).