---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-020517"
form_type: "8-K"
ticker: "SONO"
cik: "0001314727"
company_name: "Sonos Inc"
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:00:48.912048+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sonos Q2 FY2023 revenue down 23.9% to $304.2M; GAAP net loss $30.7M; board chair changes

## Summary
- Revenue $304.2M, down 23.9% YoY; constant-currency decline 22.4%.
- GAAP net loss of $(30.7)M ($(0.24) diluted EPS) vs. net income $8.6M ($0.06) last year.
- Non-GAAP net income $5.7M ($0.04 diluted EPS); Adjusted EBITDA -$10.6M (3.5% margin).
- Free cash flow -$121.7M; inventories $326.3M (finished goods $274.5M).
- Julius Genachowski appointed Board Chairperson; Mike Volpi continues as independent director.

## SEC filing metadata
- accession: 0000950170-23-020517
- form_type: 8-K
- ticker: SONO
- cik: 0001314727
- company_name: Sonos Inc
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1314727/000095017023020517/0000950170-23-020517-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1314727/000095017023020517/sono-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-020517
- JSON: https://secwatch.observer/filing/0000950170-23-020517.json
- Plain text: https://secwatch.observer/filing/0000950170-23-020517.txt

## Key facts
- Earnings Releases
  Sonos Inc reported second fiscal quarter ended April 1, 2023 results: revenue $304.2 million, net income $(30.7) million, EPS $(0.24).
  - Period: second fiscal quarter ended April 1, 2023
  - Revenue: $304.2 million
  - Net income: $(30.7) million
  - EPS: $(0.24)
  - Result: reported results
  source text: - Sonos, Inc. (Nasdaq: SONO) today reported second quarter fiscal 2023 results. Second Quarter 2023 Financial Highlights (unaudited) ● Revenue decreased 23.9% year-over-year to $304.2 million; on a constant-currency basis, revenue decreased 22.4% year-over-year ● Gross margin decreased 150 basis points year-over-year to 43.3% ● GAAP net loss of $(30.7) million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1314727/000095017023020517/0000950170-23-020517-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.