Sonos Results Presentation Deck

Record Q2 Gross Margin Gross margin +810 bps Y/Y - key drivers: Lower promotional discounts ("At Home with Sonos" campaign accrual in Q2 LY) Reduction in tariff duties Mix shifts into higher margin products and channels Fixed cost leverage on higher sales volume $1.7 million tariff refund Offset by increase in component costs as well as ongoing higher industry wide shipping and logistics cost 43.0% 43.0% 41.7% 45.3% Gross Margin 49.8% 2Q21 2Q19 2Q20 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 50.4%

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