Sonos Results Presentation Deck

Gross Margins In-Line With Expectations Gross margin declined -540bps y/y driven by: Resumption of normal holiday promotion Higher component costs Unfavorable FX (estimated -300bps headwind y/y) Partially offset by lower air freight costs ● Remain on track to deliver FY23 gross margin within guidance range of 45-46% 46.4% 1Q21 47.8% 1Q22 Excluding FX: 45.4% FX Headwind: 300bps Reported: 42.4% 1Q23 Note: Unaudited. Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely. Gross margin excluding the impact of foreign exchange is a non-GAAP measure. See appendix for reconciliation of GAAP to non-GAAP measures. 45.5% FY23 - guide midpoint LO 5

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