NASDAQ · SONO

Sonos, Inc.

Technology · Consumer Electronics

$16.50▲ 0.85% ($0.14)today

As of 1:13 PM ET

52-week

$12.44$19.82

Market cap

$1.95B

P/E

-53.22

EPS (TTM)

-$0.31

Next earnings

Nov 11, 2026

What the market price implies · Reverse DCF

To support a price of $16.50, this model requires revenue to grow by 23.16%/yr over the next 10 years, compounded annually.

Historical revenue grew by -4.25%/yr over the past 4 years. The required annual growth rate is 27.40 percentage points higher.

Selected forecast · Base scenario

0.8%/yr · actual 10-year annualized revenue growth

Year 1 growth: 0%

Market-implied · Base operating assumptions + edited margins

23.16%/yr · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Revenue & margin DCF

Price used

$16.50

Estimated value / share

$5.63

Base scenario

This estimate is 65.87% below the price used.

USD · TTM ending 2026-06-27

Year 1 growth 0% · Ending margin 4.43% · Discount rate 15.62%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 22, 2026, 5:13 PM UTC
Financial statement period: TTM ending 2026-06-27
Data refreshed: Sep 22, 2026, 5:13 PM UTC · provider

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Only 2 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: 5.94%Revenue (TTM): 5.64%FCF (TTM): 119.46%P/FCF: 46th pct

What changed

The stock rose 5.94% over the last year. Revenue grew 5.64% over the trailing twelve months. Operating margin moved from -6.06% to 4.43%. Free cash flow grew 119.46% over the trailing twelve months.

What the market seems to be pricing

The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.

What would invalidate this read

Operating margin currently stands at 4.43%. A decisive move in revenue — currently up 5.64% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

Globally, Sonos, Inc., along with its affiliates, focuses on the creation, production, and distribution of advanced multi-room sound systems.

CEOThomas Conrad

SectorTechnology

IndustryConsumer Electronics

Employees1,404

IPO dateAug 2, 2018

https://www.sonos.com

Market multiples

Forward P/E—

EV/EBITDA140.98

Enterprise value$1.73B

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth8.85%

Gross margin (FY2025)43.69%▼1.7ppvs FY2024

Operating margin (FY2025)-3.5%▼0.3ppvs FY2024

ROE-9.43%▲6.2ppvs FY2025

Analyst consensus

RatingBuy

Target price$19.00▲15.16%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 11, 2026

Q4 FY26 · EPS est $0.03 · Revenue est $340.33M

View

NASDAQ · SONO

Sonos, Inc.

Technology · Consumer Electronics

$16.50▲ 0.85% ($0.14)today

As of 1:13 PM ET

52-week

$12.44$19.82

Market cap

$1.95B

P/E

-53.22

EPS (TTM)

-$0.31

Next earnings

Nov 11, 2026

What the market price implies · Reverse DCF

To support a price of $16.50, this model requires revenue to grow by 23.16%/yr over the next 10 years, compounded annually.

Historical revenue grew by -4.25%/yr over the past 4 years. The required annual growth rate is 27.40 percentage points higher.

Selected forecast · Base scenario

0.8%/yr · actual 10-year annualized revenue growth

Year 1 growth: 0%

Market-implied · Base operating assumptions + edited margins

23.16%/yr · flat 10-year annualized revenue growth

Valuation

Recommended · Revenue & margin DCF

Price used

$16.50

Estimated value / share

$5.63

Base scenario

This estimate is 65.87% below the price used.

USD · TTM ending 2026-06-27

Year 1 growth 0% · Ending margin 4.43% · Discount rate 15.62%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 22, 2026, 5:13 PM UTC
Financial statement period: TTM ending 2026-06-27
Data refreshed: Sep 22, 2026, 5:13 PM UTC · provider

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Only 2 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: 5.94%Revenue (TTM): 5.64%FCF (TTM): 119.46%P/FCF: 46th pct

What changed

The stock rose 5.94% over the last year. Revenue grew 5.64% over the trailing twelve months. Operating margin moved from -6.06% to 4.43%. Free cash flow grew 119.46% over the trailing twelve months.

What the market seems to be pricing

What would invalidate this read

Operating margin currently stands at 4.43%. A decisive move in revenue — currently up 5.64% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

Globally, Sonos, Inc., along with its affiliates, focuses on the creation, production, and distribution of advanced multi-room sound systems.

CEOThomas Conrad

SectorTechnology

IndustryConsumer Electronics

Employees1,404

IPO dateAug 2, 2018

https://www.sonos.com

Market multiples

Forward P/E—

EV/EBITDA140.98

Enterprise value$1.73B

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth8.85%

Gross margin (FY2025)43.69%▼1.7ppvs FY2024

Operating margin (FY2025)-3.5%▼0.3ppvs FY2024

ROE-9.43%▲6.2ppvs FY2025

Analyst consensus

RatingBuy

Target price$19.00▲15.16%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 11, 2026

Q4 FY26 · EPS est $0.03 · Revenue est $340.33M

View