Sonos (SONO) Tops Q2 EPS by 19c, Offers Guidance

Sonos (NASDAQ: SONO) reported Q2 EPS of $0.26, $0.19 better than the analyst estimate of $0.07. Revenue for the quarter came in at $399.8 million versus the consensus estimate of $352.84 million.

GUIDANCE:

Sonos sees FY2022 revenue of $1.95-2 billion, versus the consensus of $1.97 billion.

• Maintaining Revenue outlook in the range of $1.95 billion to $2.0 billion, representing growth in the range of 14% to 16% from fiscal 2021.
• Gross margin updated to be in the range of 45.5% to 46.0%. This compares to a prior outlook range of 46% to 47%, and is inline with our long-term guidance range of 45.0% to 47.0%.
• Adjusted EBITDA in the range of $290 million to $310 million, representing growth in the range of 4% to 11%. This has been narrowed relative to our prior outlook range of $290 million to $325 million representing growth in the range of 4% to 17%
• Adjusted EBITDA margin in the range of 14.9% to 15.5%, compared to prior outlook range of 14.9% to 16.2%

For earnings history and earnings-related data on Sonos (SONO) click here.

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