Sonos Inc

SONO remains in a Stage 2 advancing corrective reset within a long-term uptrend. A high-confidence Momentum Breakout confirms medium-term bullish structure, yet price is extended above the short-term EMAs and 50 DMA. No exhaustion is evident, but immediate entries are best deferred to pullbacks into the rising EMAs or the 50 DMA. A decisive close below these zones would invalidate the bullish bias.

• ↑Q2 FY26 revenue of $282 M (+8% YoY); management sees momentum into Q3
• ↑Adjusted EBITDA of $2 M in Q2; operating expenses down 16% to $156 M
• ↓Gross margin at 44.3%, down ~200 bps from higher memory costs