Sonos' Q3 Earnings Meet Estimates, Revenues Beat, Stock Up

Key Takeaways SONO posted Q3 revenue of $344.8M, down 13% YoY but above its guidance of $310M-$340M.Higher portable and component sales helped offset broad product and regional revenue declines.Non-GAAP operating expenses fell 23% YoY, aided by job cuts and ongoing cost optimization efforts.Sonos, Inc. (SONO) reported third-quarter fiscal 2025 non-GAAP earnings per share (EPS) of 19 cents, meeting the Zacks Consensus Estimate. The company reported EPS of 23 cents in the prior-year quarter. On a GAAP basis, ...