Sonos Results Presentation Deck

Disaggregation of Inventory Trends Finished goods % y/y % q/q Components % y/y % q/q Inventories % y/y % q/q 1Q22 145,492 84% (6%) 59,670 564% 95% 205,162 133% 11% 2Q22 208,476 58% 43% 55,929 596% (6%) 264,405 89% 29% Note: $ in millions (unless noted), unaudited. Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely. 3Q22 258,994 95% 24% 76,736 452% 37% 335,730 129% 27% 4Q22 406,657 163% 57% 47,631 56% (38%) 454,288 145% 35% Inventory balances remain elevated relative to historical levels, driven by both finished goods and components Finished goods largely driven by unit growth, reflects investments made in inventory in response to persistent supply chain disruption, as well as slower demand relative to expectations in 2H22 Component balance growth also driven by supply chain disruption as well as costly spot market purchases, which we expect to rely less on going forward We have adjusted our purchase orders/manufacturing commits and expect to be in a more normal inventory position exiting 1Q23

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