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Sonos Inc (SONO)
NASDAQ:SONO
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.36Last Year’s EPS
-0.56Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -12.62%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment. While there were notable achievements in revenue management, soundbar demand, and operational efficiency, there were significant challenges such as the revenue decline, workforce reduction, and decreased free cash flow. The company is also undergoing major restructuring efforts.Company Guidance
During the Sonos Q1 2025 earnings call, interim CEO Tom Conrad outlined the company's strategic shifts, including a 12% workforce reduction impacting around 200 employees, to streamline operations and align expenses with revenue. The company reported Q1 revenue of $551 million, near the high end of their guidance, though a 10% year-over-year decline due to market challenges and app rollout issues. Sonos achieved a GAAP gross margin of 43.8%, surpassing guidance by 80 basis points, with non-GAAP gross margins at 44.7%. The company ended the quarter with $328 million of net cash and resumed share repurchases, returning $27 million to shareholders. Looking ahead, Q2 revenue is projected between $240 million and $265 million, with GAAP gross margins expected to range from 42% to 44%. Adjusted EBITDA for Q1 was $91.2 million, representing a 16.6% margin, and Q2 adjusted EBITDA is projected to be between negative $27 million and negative $6 million. Saori Casey, CFO, highlighted ongoing transformation efforts aiming for $60 million to $70 million in run rate savings by FY26, emphasizing a focus on operational efficiency and prioritizing high-return opportunities.Revenue Achievement
Q1 revenue was $551 million, towards the high end of the guidance.
Soundbar Success
Stronger than expected demand for the new Arc Ultra soundbar, achieving highest ever quarterly market share in US home theater on a dollar basis.
Operational Efficiency
GAAP operating expenses were $193 million, and non-GAAP operating expenses were $169 million, both down 5% and 6% year over year, respectively.
Cash Position
Ended the quarter with $328 million of net cash, including $41 million in marketable securities.
Share Repurchase
Returned $27 million to shareholders in Q1, reducing share count by 1.9 million shares.
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SONO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SONO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $14.26 | $15.00 | +5.19% |
| Nov 13, 2024 | $14.08 | $13.75 | -2.34% |
| Aug 07, 2024 | $11.97 | $11.78 | -1.59% |
| May 07, 2024 | $17.58 | $16.84 | -4.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sonos Inc (SONO) report earnings?
Sonos Inc (SONO) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Sonos Inc (SONO) earnings time?
Sonos Inc (SONO) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SONO EPS forecast?
SONO EPS forecast for the fiscal quarter 2025 (Q2) is -0.36.
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