Sonos Inc's stock surged 7.04% in a 24-hour period, driven by the company's better-than-expected first quarter fiscal 2026 financial results.

The audio technology company reported quarterly adjusted earnings per share of $0.93, beating the analyst consensus estimate of $0.64 by 45.31%. Revenue came in at $545.662 million, exceeding expectations of $536.925 million. Adjusted EBITDA rose 45% year-over-year to $132 million, near the high end of the company's guidance range.

Sonos highlighted the launch of its new Amp Multi product and indicated further product introductions are planned for later in the year as part of its ongoing return to product innovation. The company emphasized its focus on coordinated execution across product development, software, marketing, and global expansion, alongside operational discipline that contributed to the strong financial performance.