Sonos stock soars as Q1 earnings surpass expectations

Published 06/02/2025, 14:50

Investing.com -- Sonos, Inc. reported first-quarter fiscal 2025 results that exceeded analyst estimates, sending its stock soaring over 19% in premarket trading.

The audio equipment maker posted adjusted earnings per share of $0.64, significantly beating the analyst consensus of $0.30. Revenue for the quarter came in at $551 million, surpassing the $544.28 million estimate and approaching the high end of the company’s guidance range.

Compared to the same quarter last year, Sonos (NASDAQ:SONO) did not provide specific YoY revenue growth figures. The strong quarterly performance comes as the company announced a reorganization and reduction in force affecting approximately 12% of its employees.

"Our Q1 results show our team’s commitment to execution as we navigate a difficult environment," said Saori Casey, Sonos Chief Financial Officer. "We continue to make great progress in our transformation journey that will set us up well for the future."

The company expects to incur $15 to $18 million in restructuring charges, primarily related to employee severance and benefits costs, in the second quarter of fiscal 2025.

Interim CEO Tom Conrad commented on the organizational changes: "Yesterday we implemented important organizational changes that mark the start of a new chapter of efficiency and growth for Sonos. I see tremendous opportunity in front of us."

Sonos reported a GAAP gross margin of 43.8% and GAAP net income of $50.2 million for the quarter.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.