Company will provide guidance on its Q3 fiscal 2026 earnings call
Result drivers
Leaner operations - Co said results benefited from a leaner, more focused business and disciplined execution over the past 18 months, per CEO Tom Conrad
Cost control - Co cited disciplined execution and structurally improving the business as supporting margin and profit growth, per CFO Saori Casey
Non-recurring tariff refunds - Co's GAAP gross profit and net income included a non-recurring benefit from IEEPA tariff refunds
Quarterly results
Audio equipment maker's fiscal Q3 revenue rose 9% yr/yr to $375 mln
Adjusted EPS for fiscal Q3 rose 52% yr/yr to $0.27
Company repurchased $30 mln of shares in the quarter
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the household electronics peer group is "hold."
Wall Street's median 12-month price target for Sonos Inc is $19.50, about 16.1% above its July 28 closing price of $16.80
The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 34 three months ago
