SONO News & Events

Escalating geopolitical tension in the Middle East, with Iran claiming that two missiles have struck a U.S. naval ship and President Trump refusing to acknowledge that a ceasefire is holding, has re-introduced heightened volatility in risk assets to start the week.   All major indices were down in Monday's trade with Energy being the only S&P 500 sector to end the day in positive territory as WTI Crude Oil jumping above $107 a barrel.   Materials and Industrials were the worst-performing sectors, with investors also having sold U.S. Treasuries amid ongoing concerns of higher energy costs feeding into elevated inflation - the yield on the 10-year was above 4.4% and that of the 30-year exceeded the 5% mark.Unlike last week, where strong results and constructive earnings call commentary from mega-cap tech revived positive sentiment afterhours, Monday's evening session is more subdued, with S&P E-Mini's flat and Nasdaq 100 contract down a decimal. In precious metals, the second consecutive session of gains in the US Dollar has pressured gold and silver below $4,530 and $74 per ounce respectively.  WTI Oil is off the highs but still above $105 per barrel.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Backblazeup 45.3%Sterling Infrastructureup 21.3%EverQuoteup 17.0%Pinterestup 15.2%V2X, Inc.up 12.6%Sonosup 5.5%Grab Holdingsup 2.2%Paramount Skydanceup 1.8%ALSO HIGHER -Fidelity National Informationup 6.0% after announcing  Agentic AI partnership with AnthropicDOWN AFTER EARNINGS -GeneDx Holdingsdown 38.6%Ichor Holdingsdown 13.8%Duolingodown 12.7%Fabrinetdown 10.8%Advanced Energy Industriesdown 8.5%On Semidown 4.2%Palantirdown 3.0%Vertex Pharmaceuticalsdown 1.1%ALSO LOWER -Viatrisdown 4.6% after disclosing CFO transition

Sees Q3 adjusted EBITDA $20M-$48M. Sees Q3 GAAP gross margin 42%-44.5%. Sees Q3 operating expenses $132M-$142M. Says guidance represents modest year over year acceleration from Q2 on a constant currency basis, as the company expects foreign exchange to have a negligible contribution to growth in Q3. Says gross margin guidance range embeds an approximately 400 basis point year-over-year headwind from higher memory costs in Q3, roughly 200 basis points more than Q2. Says do not expect to receive any tariff refunds during Q3. Says currently expects memory cost inflation to rise from Q3, which is likely to pressure gross margin in Q4. Comments and guidance taken from Q2 earnings conference call.

Reports Q2 revenue $282M, two estimates $267.72M. "The first half of Fiscal 2026 marks an important turning point for Sonos as we return to growth and change the trajectory of the business," said Tom Conrad, Chief Executive Officer of Sonos. "The progress we're seeing comes from coordinated execution across the areas that matter most: better products, a stronger software experience, more effective marketing, and continued expansion in growth markets. This translated into 8% revenue growth in Q2, our first positive Q2 Adjusted EBITDA in four years, and our third consecutive semiannual period of revenue growth improvement. We enter the second half with momentum and a clear focus on building durable growth while staying disciplined in how we operate."

Notable companies reporting after the market close, with earnings consensus, include Palantir (PLTR), consensus 28c... Progressive (PGR), consensus $3.75... Vertex Pharmaceuticals (VRTX), consensus $4.31... On Semi (ON), consensus 62c... Grab Holdings (GRAB), consensus 1c... Paramount Skydance (PSKY), consensus 15c... Pinterest (PINS), consensus 22c... Duolingo (DUOL), consensus $1.72... Sonos (SONO), consensus 1c.