Sonos Results Presentation Deck

Increased supply chain costs Gross margin declined -500 bps YoY driven by: The need for spot buys given component shortages, higher shipping and logistics costs, FX and product mix Partially offset by higher selling prices following September 2021 price increase Gross Margin declined 300 bps QoQ given the supply chain challenges FY'22 Guidance of 45.5% -46% still within our long-term gross margin targets ● ● 41.7% 2Q 20 49.8% 2Q 21 44.8% 2Q 22 Note: Unaudited. See appendix for reconciliation of GAAP to non-GAAP measures. Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely.

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