Reading the tape
NASDAQ: SONO
Sonos, Inc.
Technology · Consumer Electronics
Market Cap
$1.69B
52w High
$19.82
52w Low
$8.73
P/E
-40.94
Volume
4.52M
Outstanding Shares
120.87M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: 46.79%Revenue (TTM): -0.22%FCF (TTM): -53.03%P/FCF: 100th pct
What changed
The stock rose 46.79% over the last year. Revenue declined 0.22% over the trailing twelve months. Operating margin moved from -4.78% to 2.16%. Free cash flow declined 53.03% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly weakening 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 2.16%. A decisive move in revenue — currently down 0.22% — would be the clearest signal to resolve the ambiguity.
Company profile
Sonos, Inc., together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
CEOThomas Conrad
SectorTechnology
IndustryConsumer Electronics
Employees1,708
IPO dateAug 2, 2018
Valuation
Forward P/E—
EV/EBITDA140.98
Enterprise value$1.73B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth8.38%
Gross margin44.77%▼3.80%vs FY2024
Operating margin2.16%▼10.48%vs FY2024
ROE-17.21%▼93.41%vs FY2024
Analyst consensus
RatingBuy
Target price$19.50▲39.19%
4
Buy
4
Hold
1
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
Aug 5, 2026
Q3 FY26 · EPS est -$0.02 · Revenue est $365.66M
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