Sonos Results Presentation Deck

Resilient Underlying Gross Margin Performance Amidst CE Industry Compression Gross margin declined -130bps y/y driven by: ● ● Lack of typical promotional activity in prior year period Partially offset by favorable product mix and fewer spot component purchases FX approximately +10bps tailwind y/y 47.0% 3Q21 47.3% 3Q22 Reported: 46.0% FX tailwind: +10 bps ===== Excluding FX: 45.9% 3Q23 Note: Unaudited. Gross margin excluding the impact of foreign exchange is a non-GAAP measure. See appendix for reconciliation of GAAP to non-GAAP measures. Excluding FX: >45%* FX headwind: >100 bps Expected: 44.1%* *includes -100bps headwind from higher than normal excess component provision FY23 - Guidance Midpoint 6

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