Sonos

SONO

Market cap $1.84B

Sonos (SONO) reported earnings 30 days ago. What's next for the stock?

Sonos, Inc. (SONO) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today announced that Tom Conrad, Chief Executive Officer, and Saori Casey, Chief Financial Officer, will participate in a fireside chat with Morgan Stanley analyst Erik Woodring at the Morgan Stanley Technology, Media & Telecom Conference on Tuesday, Mar. 3rd. The fireside chat will begin at 1:05 pm Pacific. A live webcast and replay of the fireside chat will be accessible in the News & Events section of the Sonos invest.

NEW YORK, Feb. 23, 2026 (GLOBE NEWSWIRE) -- EXL [Nasdaq: EXLS], a global data and AI company, today announced a critical transformation initiative with Sonos (Nasdaq: SONO), the world's leading sound experience company, and Amazon Web Services (AWS). This unique collaboration deploys agentic AI within Sonos IT service management (ITSM) workflows, aiming to create a new benchmark for efficiency, operational intelligence and risk mitigation.

An investment firm recently purchased over $10 million worth of SONO shares between Feb. 12 and Feb. 17, 2026. Sonos is currently undergoing structural changes and working on new concepts, including an underwater sanctuary.

The mean of analysts' price targets for Sonos (SONO) points to a 28.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Sonos beat on sales and earnings last night, and reported tremendous free cash flow in Q1. One point of concern: Sonos dramatically slashed its R&D budget.

Sonos is positioned for a rebound, with new products, strong profitability, and an undemanding valuation after a challenging year. SONO's cost-cutting initiatives have driven a 45% y/y surge in adjusted EBITDA, despite modest revenue declines and industry headwinds. Upcoming product launches and favorable comps are expected to reignite revenue growth in the back half of FY26.

SONO beats Q1 earnings estimates as margins expand and cash flow surges, signaling progress toward a return to growth despite flat revenue.

Sonos, Inc. (SONO) Q1 2026 Earnings Call Transcript