Sonos Results Presentation Deck

Strong Gross Margin Expansion Gross margin +300 bps Y/Y - key drivers: Lower promotional discounts ("At Home with Sonos" campaign Q3 LY) Fixed cost leverage on higher sales volume $5.0M tariff refund; $4M tariff expense Offset by channel mix and increased component costs as well as ongoing higher industry wide shipping and logistics costs 45.1% 45.1% 44.0% 45.7% Gross Margin 47.0% Q321 Q319 Q320 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 46.8%

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