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Sonos’ First Positive Q2 EBITDA In Four Years Sparks A Profitability Debate!

Sonos Inc. reported its second quarter fiscal 2026 results demonstrating a continuation of the growth trajectory initiated earlier in the year. The company achieved $282 million in revenue for Q2, marking an 8% increase year-over-year and positioning near the top end of its guidance. This contributed to a 2% revenue growth during the first half of the fiscal year. Gross profit dollars increased by double digits on a GAAP basis, with GAAP gross profit at $125 million (up 10%), while non-GAAP gross profit reached $130 million (up 6%). Gross margin was reported at 44.3% GAAP and 46% non-GAAP, though there were headwinds from higher memory costs estimated at approximately 200 basis points. Adjusted EBITDA turned positive at $2 million, surpassing the midpoint of guidance and representing a $3 million improvement from the prior year’s negative $1 million, marking the first positive Q2 figure in four years.