Sonos Inc（SONO）のニュースとイベントSONOSonos Inc

Company Expects Q4 GAAP Gross Margin of 39% to 41%

The company states: "We expect Q4 GAAP gross margin to be in the range of 39% to 41%, with non-GAAP gross margin approximately 120 basis points higher than GAAP. As previously mentioned, please note that our Q4 GAAP Gross margin guidance does not include benefit of any tariff refunds. Our Q4 guidance embeds the latest announced tariff rates of 10% and 12.5% for goods imported from Malaysia and Vietnam, respectively. Memory prices are expected to be a $35 million headwind to Q4. Gross profit year over year, representing a headwind of approximately 1,000 basis points, which is approximately 600 basis points greater year over year impact than Q3. As Tom mentioned, we are actively working to mitigate some of this industry wide cost pressure. However, the Q4 gross margin guidance. I just provided only reflects a small portion of the mitigation benefit. As our action will take effect progressively through fiscal 2027. We are focused on managing this challenge thoughtfully, without losing sight of larger opportunity to drive top line growth and maximizing long term value. Expect Q4, GAAP operating expenses to be in the range of $160 million to $170 million. We expect non-GAAP operating expenses to be lower than GAAP by approximately $20 million. Please note that the extra week in Q4 contributes approximately $5 million of additional non-GAAP operating expenses in the quarter. Excluding this, the midpoint of our guidance implies that non-GAAP operating expenses grow by 4% year over year, mainly attributable to program expenses related to new product introductions. Bringing it all together, we expect Q4 adjusted EBITDA to be in the range of -$11 million to positive $18 million, or positive $3 million at the midpoint. As previously noted, we expect higher memory prices to reduce our Q4 adjusted EBITDA by $35 million, excluding higher memory prices. The midpoint of our guidance range implies adjusted EBITDA would have increased from $6 million last year to $38 million, or nearly six times last year." Comments taken from Q3 earnings conference call.

Company Expects Gross Margin Pressure in FY2027, Adjusted EBITDA at $181 Million

The company states: "Looking ahead to fiscal 2027, we expect higher memory prices to further weigh on our gross margin on an annualized basis, we expect our mitigation actions to drive around 500 basis points of improvements. Though, because this work will take effect progressively through the year, we will not see the full benefit in fiscal 2027. As a result, we expect the lower end of our Q4 gross margin guidance range is a reasonable way to think about the year ahead as a flow through of higher priced memory is partially offset by our mitigation efforts, with first half running lower and some improvements in the second half as our mitigation actions begin to phase in. The combination of growing top line, expanding gross margin and disciplined management of our cost base has a compounding effect on our adjusted EBITDA in fiscal 2026. We expect adjusted EBITDA to be $181 million, up 37% year over year, representing an 11.7% margin."