Sonos Inc

SONO has executed a momentum breakout in a Stage 2 advancing regime, reinforcing its medium-term bullish structure in alignment with an intact long-term uptrend. However, price is currently extended above the rising 9EMA/20EMA and the 50 DMA, making immediate entries less compelling. Optimal engagement will arise on pullbacks into the rising EMAs or the 50 DMA near the prior resistance-turned-support around $15.1. A decisive break below these levels would invalidate the bullish stance.

• ↑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