Sonos Inc's stock soared 5.99% in after-hours trading on Monday, following the release of its second-quarter fiscal 2026 financial results.
The audio equipment maker reported quarterly revenue of $281.5 million, an 8% year-over-year increase that beat analyst estimates of $270.48 million. 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 an adjusted EPS loss of $0.02, which substantially beat the consensus estimate of a $0.25 loss.
CEO Tom Conrad described the first-half results as a "turning point" for the company, citing coordinated execution across products, software, marketing, and expansion in growth markets. The company also returned $40 million to shareholders through the repurchase of 2.5 million shares. Additionally, Sonos announced the appointment of former Walmart executive Frank Barbieri as Chief Operating Officer amid its strengthening financial performance.
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