Sonos Results Presentation Deck

Record Gross Margin Gross margin +590 bps Y/Y - key drivers: Mix shifts into higher margin products and channels Reduction in tariff duties $4.5 million tariff refund Product and material cost reductions Offset by increased shipping costs to meet strong demand, industry-wide pricing dynamics 39.3% 39.3% 40.5% 44.0% Gross Margin 46.4% 1Q21 1Q19 1Q20 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. Gross Margin ex Tariff Duties and Refunds 45.9%

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