I work from home, so I typically listen to audio through headphones or AirPods. But I've always wanted a desk speaker that doesn't take up too much space, which made the new Sonos Play a fitting first Sonos product to review.
Sonos faces gross margin pressure from surging memory prices, but I reiterate my 'Buy' rating, viewing recent downside as short-term noise. SONO is actively mitigating memory cost headwinds via tariff refunds, engineering redesigns, and disciplined opex management, without resorting to price hikes. Strong Q2 results: revenue grew 8% y/y to $281.5 million, beating expectations and supporting management's confidence in accelerating growth for 2H FY26.
SONO posts Q2 revenue growth and narrower loss, as improving trends and strong execution mark a key turnaround for SONO.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| DI David Izzi Brown, LISLE/CUMMINGS Inc. | 535 | $7,897 | $7,875.2 | -$21.8 | -0.28% |
| CE Curtis Ellergodt Rothschild Investment LLC | 199 | $2,734.94 | $2,929.28 | $194.34 | 7.11% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 600 | $21,138 | $8,798.88 | -$12,339.12 | -58.37% |
| BG Bart Gancher Intech Investment Management LLC | 33,230 | $359,910.74 | $485,932.26 | $126,021.52 | 35.01% |
Bridgewater Associates LP Bridgewater Associates LP | 12,851 | $203,045.8 | $186,596.52 | -$16,449.28 | -8.1% |
| Electronic Equipment, Instruments & Components Industry | Information Technology Sector | Thomas Conrad CEO | NASDAQ (NGS) Exchange | 83570H108 CUSIP |
| US Country | 1,708 Employees | - Last Dividend | - Last Split | 2 Aug 2018 IPO Date |
Sonos, Inc., headquartered in Santa Barbara, California, is a prominent player in the design, development, manufacture, and sale of high-quality audio products and services. Founded in 2002, originally as Rincon Audio, Inc., the company underwent a name change to Sonos, Inc. in May 2004. Sonos has successfully established a strong presence in a wide array of markets including the Americas, Europe, the Middle East, Africa, and the Asia Pacific. With a focus on innovation and quality, Sonos has carved out a niche market position, distributing its products through an extensive network of approximately 10,000 third-party retail stores, custom installers of home audio systems, e-commerce platforms, and its own website.