Filing Flows › Sonos (SONO) › Q3 FY26 › vs Q3 FY25
Sonos (SONO) Q3 FY26 vs Q3 FY25 (year over year)
Sonos's revenue rose $30.5M (+9%) from $345M in Q3 FY25 to $375M in Q3 FY26. The biggest changes: Sonos speakers +$31.7M (+12%); Sonos system products −$3.9M (-5%); Partner products and other revenue +$2.8M (+15%). Gross margin 50.4% against 43.4% (+7.0 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 Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Gross margin | 50.4% | 43.4% | +7.0 pts |
| Operating margin | 8.4% | -0.8% | +9.3 pts |
| Net margin | 8.0% | -1.0% | +8.9 pts |
| Free cash flow margin | 10.7% | 9.5% | +1.3 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Sonos speakers | $285M | $254M | $31.7M | +12% |
| Sonos system products | $69.3M | $73.2M | −$3.9M | -5% |
| Partner products and other revenue | $20.7M | $17.9M | $2.8M | +15% |
| Revenue | $375M | $345M | $30.5M | +9% |
| Gross profit | $189M | $150M | $39.6M | +26% |
| Cost of revenue | $186M | $195M | −$9.1M | -5% |
| Other income, net | $2.8M | $2.1M | $651K | +31% |
| Operating profit | $31.5M | −$2.9M | $34.5M | — |
| Operating expenses | $158M | $153M | $5.1M | +3% |
| Pre-tax earnings | $34.3M | −$813K | $35.1M | — |
| Research & development | $67.9M | $59.8M | $8.1M | +14% |
| Sales & marketing | $59.6M | $62.6M | −$3.0M | -5% |
| General & admin | $30.3M | $30.3M | −$50K | -0.2% |
| Net earnings | $29.9M | −$3.4M | $33.2M | — |
| Income tax | $4.4M | $2.6M | $1.9M | +73% |
| Depreciation & amortization | $11.1M | $15.9M | −$4.8M | -30% |
| Share-based compensation | $16.3M | $19.4M | −$3.0M | -16% |
| Working capital & other | $11.0M | −$5.6M | $16.6M | — |
| Operating cash flow | $46.2M | $37.4M | $8.8M | +23% |
| Free cash flow (OCF − capex) | $40.3M | $32.7M | $7.6M | +23% |
| Capital expenditures | $5.9M | $4.8M | $1.2M | +25% |
Questions
How much did Sonos's revenue grow year over year in Q3 FY26?
Sonos's revenue rose $30.5M (+9%) from $345M in Q3 FY25 to $375M in Q3 FY26.
What drove Sonos's revenue change in Q3 FY26?
Sonos speakers +$31.7M (+12%); Sonos system products −$3.9M (-5%); Partner products and other revenue +$2.8M (+15%).