Sonos Inc's stock surged 8.94% in pre-market trading following the company's release of better-than-expected second-quarter fiscal 2026 financial results after the previous trading session.
The audio equipment maker reported quarterly revenue of $281.5 million, an 8% year-over-year increase that exceeded analyst estimates. More significantly, the company's adjusted EBITDA turned positive at $2 million, marking its first profitable fiscal second quarter in four years. Sonos also reported a narrowed non-GAAP loss of $0.02 per share compared to a loss of $0.18 a year earlier.
The positive earnings momentum was further supported by the company's announcement of returning $40 million to shareholders through share repurchases and the appointment of former Walmart executive Frank Barbieri as Chief Operating Officer, signaling strengthened operational leadership amid improving financial performance.
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