What move does the options market price into Sonos's report?

Implied ±16.0%, either direction.

How often does Sonos move more than the options market prices?

1 of the last 8 reports moved at least as far as the implied move.

SONONasdaqHousehold Audio & Video Equipment

Sonos Inc (SONO) earnings date, market-implied expected move, and options open interest by expiry

16.17

−1.29 · −7.39%

post 16.38 +1.30%

Closed18:12 ET

Open17.26Volume1.5MMkt cap$1.9BP/E34.13EPS0.48

Day16.05 – 17.2627%52-wk12.44 – 19.8253%

SONO

Sonos Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±16.0%implied · straddle

13.5818.76

spot 16.17exp Nov 20ATM strike 15ATM straddle 3.05IV 96%

Oct 30 close

Expected move

Inputs

Next report

Nov 4

after close · in 4 days

est.Q4 FY26

Calendar

Next report

Last report

−17.64%

vs ±12.3% implied · ×1.44

shaded = implied · ▲▼ = realized

Jul 29 '26 · confirmed

Implied vs realized

Largest filed tie

14.00%

of SONO revenue · Best Buy

customerSONO 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+3.05%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

308 managers

Top fund weight

0.05%

SONO weight · IWM

N-PORTJun 30 '26

4 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Sonos (SONO) is expected to report on Nov 4 after close (estimated date).

Implied vs realized

8 reports

1 of 8≥ implied

avg implied: ±12.6%
avg realized: ±6.1%

Nov 13 '24Nov 13 '24confirmed±14.5%▼−2.34%×0.16

Feb 6 '25Feb 6 '25confirmed±11.8%▲+5.19%×0.44

May 7 '25May 7 '25confirmed±13.5%▲+9.70%×0.72

Aug 6 '25Aug 6 '25confirmed±12.9%▼−0.63%×0.05

Nov 5 '25Nov 5 '25confirmed±13.4%▲+1.40%×0.10

Feb 3 '26Feb 3 '26confirmed±10.9%▲+6.36%×0.58

Q2 FY26May 4 '26confirmed±11.5%▼−5.78%×0.50

Q3 FY26Jul 29 '26confirmed±12.3%▼−17.64%×1.44

quarterimplied−20%0+20%realized×

Q3 FY26±12.3%▼−17.64%×1.44

Q2 FY26±11.5%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 30 close

0.21OI · 4 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

1140%Nov 2020d546+14%

8560%Dec 1848d0.175,1740%0.17

389+9%Jan 1576d0.221,767+1%0.22

301+7%Apr 16167d1.20250+3%1.20

ExpiryPutsCallsP/C

Nov 2020d1140%546+14%0.21

Dec 1848d8560%5,1740%0.17

Jan 1576d389+9%1,767+1%0.22

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±16.0%

Funds 4

IWM±0.0%

UWM±0.0%

VTI±0.0%

VT±0.0%

Suppliers 3

SWKS±4.8%×0.30

AMZN±3.6%×0.22

DLB±3.3%

Customers 1

BBY±5.3%×0.33

Dashed = straddle · × = co-movement · max 501dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

7.96%as filednet margin · revenue +33.29% QoQ · +8.85% YoY

Revenue

$375M+33.29% QoQ

Gross profit

$189M+51.87% QoQ

50.45% margin

Operating income

$32M+199.87% QoQ

8.40% margin

Pre-tax income

$34M+210.19% QoQ

Net income

$30M+203.35% QoQ

7.96% margin

Cost of revenue

$186M+18.53% QoQ

Operating expenses

$158M+0.99% QoQ

R&D $68M

Marketing $60M

SG&A $30M

Tax

$4M+298.31% QoQ

Other income

$3M+520.40% QoQ

Revenue$375M+33.29%

Gross profit

$189M+51.87%

50.45% margin

Operating income

$32M+199.87%

8.40% margin

Pre-tax income

$34M+210.19%

Net income

$30M+203.35%

7.96% margin

Cost of revenue

$186M+18.53%

Operating expenses

$158M+0.99%

R&D $68M

Marketing $60M

SG&A $30M

Other income$3M+520.40%

Tax$4M+298.31%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jun 27 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 18:00 ET

Intraday

Event sensitivity

PPI ×1.48· ±3.2% vs ±2.1% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±3.2%5 of 10×1.48

NFPjobs report±2.9%3 of 10×1.37

PCEpersonal income & outlays±2.6%6 of 19×1.21

CPIconsumer prices±2.4%5 of 10×1.13

GDPgross domestic product±2.2%8 of 19×1.03

FOMCrate decision±1.8%9 of 24×0.85

CPROFcorporate profits±1.1%5 of 12×0.50

Bar = avg |move| to ±4% · tick = ±2.1% avg day · ×base = |move| ÷ ±2.1% · min 6 releases

Earnings history

EPS 0.25 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Jul 29 '26 · confirmed	0.25	—
Q2 FY26	May 4 '26 · confirmed	-0.24	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod