On November 10, 2026, Sonos, Inc. reported its financial results for the fourth quarter and full fiscal year ended October 3, 2026. The company announced that fiscal 2026 marked its return to revenue growth, with significant improvements in profitability.
For the fiscal year, total revenue increased 7% year-over-year to $1,547 million. GAAP net income rose to $90 million, compared to a loss of $61 million in the prior year, while GAAP diluted earnings per share (EPS) increased to $0.73. Non-GAAP net income increased 92% year-over-year to $150 million, and Non-GAAP diluted EPS increased to $1.23. Adjusted EBITDA grew 39% year-over-year to $184 million.
In the fourth quarter, revenue increased 20% year-over-year to $344 million. GAAP net loss improved to $5 million, compared to a loss of $38 million in the prior year, and GAAP diluted loss per share improved to ($0.04). Non-GAAP net income increased to $5 million, and Non-GAAP diluted EPS increased to $0.04. Adjusted EBITDA was flat year-over-year at $6 million.
The company also reported that operating cash flow increased 6% to $145 million, and free cash flow increased 14% year-over-year to $123 million. During the fiscal year, Sonos returned $130 million to shareholders through the repurchase of 8.2 million shares.
In a separate announcement, Sonos’s Board of Directors authorized a new common stock repurchase program of up to $150 million. This authorization follows the completion of the company’s prior $150 million common stock repurchase program in the fourth quarter of fiscal 2026. The new program does not have an expiration date.
