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In the Wake of Good Earnings, Sonos Stock Soars Wednesday; Then Sinks 17.6% on Thursday

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A cover image of a Sonos investor presentation

A Preliminary Look at Sonos’ Fiscal 2026, 3rd Quarter Results

On Wednesday, Sonos, Inc (Nasdaq: SONO) released the results for the third quarter of Fiscal 2026 and, on the face of it, things looked pretty good. The company reported revenues in the quarter increased by 9% and net income was $29.9 million versus a loss in the quarter last year of $3.4 million. Investors reacted strongly, driving up the value of the stock by, 8% at one point – and that was on a down day on Wall Street. Shares of SONO closed up 4.3% after flying higher earlier in the day.

Then on Thursday, the value of Sonos stock reversed course and sank by a startling 17.6%!

Read more on the latest twists and turns at Sonos…

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TSMC, the World’s Largest Contract Chipmaker, to Increase Prices by 10% or More

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A graphic image showing a TSMC chip and logo

The Taiwan Semiconductor Manufacturing Company (TSMC), the largest contract manufacturer in the world of chips used in a wide variety of tech products, including for data centers for AI solutions, has informed clients that it will be raising prices for both advanced and mature chip production services by as much as 10% or more in 2027. The reason for the increase is to offset rising costs for materials, manufacturing equipment, and construction of new overseas chip plants, multiple sources told Nikkei Asia.

Learn more about this increase and its impact on inflation around the world…

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Exposé Reveals Big Tech is Hiding From Investors the True Amount of Debt Taken On to Fund AI

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A Meta data center in Georgia Meta, like all Big Tech, uses hidden debt to finance its AI expansion
A large Meta data center complex in the state of Georgia. [Photo: AP]

In a surprising exposé resulting from a deep investigation by the Nikkei, we have learned that Big Tech is engaged in questionable practices in order to conceal from investors the true amount of debt they are taking on to pursue building out their AI infrastructure with more and bigger…and more expensive…data centers. How big of a deal is this? Huge! In the last four years, debt not reflected on five of the big AI tech companies’ balance sheets – known as “hidden debt” – totals an estimated $1.65 trillion. Yes…trillion, with a “t”.

See how Big Tech companies get around reporting the true level of AI-connected debt…

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Audio Advice Acquires Miami-Based Sound Components

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Audio Advice Wilmington, NC showroom
Audio Advice, Wilmington showroom [Click to enlarge]

Audio Advice, a prominent smart home retailer and custom integrator based in Raleigh, North Carolina, announced today that it has acquired Sound Components, another well-known AV integrator based in Miami, Florida. This move joins two well-respected and popular integration industry players into one large multi-market integration business.

More on Audio Advice acquiring of Sound Components…

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ADI Reassures Control4 Dealers That When It Exits Resideo, Nothing Will Change

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copy of ADI email to Control4 dealers

This week, ADI Global Distribution, currently part of Resideo Technologies but soon to be split off as an independent company, has sent an email message to Control4 dealers reassuring them that nothing is going to change when the company goes independent from Resideo. The email to dealers, which has been viewed by Strata-gee, reassured dealers that ADI’s commitment to Contro4 is stronger than ever.

But, is it?

See more on ADI’s message to Control4 dealers…

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CEO Confidence in U.S. Economy Plunges in Q2 Survey

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A CEO addressing a group

In a surprising new survey of 141 of the Fortune Global 500 Chief Executive Officers, the leaders of some of the largest companies in the world, we learn that they are losing confidence in the U.S. economy. The survey, conducted by The Conference Board, a nonpartisan think tank, and The Business Council, an association of CEOs, showed a significant decline in CEO confidence in the second quarter of 2026 as compared to the first quarter.

How CEOs feel about the economy is important. When CEOs lose confidence, they tend to pull back on hiring and investment, further weighing down the economy, according to AXIOS reporter Emily Peck.

Read more on the dramatic drop in CEO confidence in the U.S. Economy…

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Resideo Announces Q1 Results; Revenues Up, Profits Up, But Its Stock Crashes 18%

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An image from the Resideo Q1 presentation modified

Resideo Technologies, Inc. (NYSE: REZI), predominantly a security and safety products company with two major divisions, including Products and Solutions (manufacturing) and ADI (distribution), announced the financial results for its first quarter of fiscal 2026 this week. The company reported that revenues beat previously forecasted guidance, and adjusted earnings grew as well.

And yet the market reacted strongly, with the value of Resideo’s stock crashing almost 18% on the day after it released its results. Read on to see why the stock declined.

Read why the value of Resideo stock crashed the day after it released its results…

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Emerald & Questex Acquired by PE Firm Apollo Global Mgmt; Deal Valued at $1.5B

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Emerald Holding, Inc. has been acquired by Apollo

Emerald Holding, Inc. (NYSE: EEX), a major consolidator of trade shows and business conferences in multiple industries, including owner of the CEDIA Expo and CEPro/Commercial Integrator/Security Sales & Integration, has agreed to be acquired by Apollo Global Management, one of the largest private equity companies in the world that specializes in “alternative assets.” In the same announcement, we learned that Apollo is also acquiring another event consolidation company known as Questex, as part of the same transaction, and which Apollo intends to merge with Emerald.

The deal, in which Apollo will pay $5.03 per share, is said to be valued at approximately $1.5 billion. The transaction is expected to close in the back half of 2026 and will create one of the largest trade show and conference event consolidators in the U.S.

Read all about the acquisition of Emerald…

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Samsung Q1 Profits Skyrocket 755% on Massive AI-Related Chip Demand

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Samsung Electronics just reported an incredible operating profit for the first quarter of fiscal 2026 that surged a much-stronger-than-expected 755% year-over-year. Even so, the company felt compelled to warn investors that the conflict in the Middle East is clouding the view of the future.

See more on Samsung’s spectacular Q1/2026 numbers…

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Sony Pictures Entertainment Lays Off Hundreds of Employees in Restructuring

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Ravi Ahuja, CEO of Sony Pictures Entertainment
Ravi Ahuja, Sony Pictures Entertainment CEO

On Tuesday, we learned that Sony Pictures Entertainment (SPE) is laying off hundreds of employees from its film studio, TV studios, and division HQ, according to a report in the Hollywood Reporter (HR). The reason behind the company’s move is said to be an effort by CEO Ravi Ahuja to refocus the company on “certain core growth areas, while pulling back in other places.”

See more about the Sony Pictures layoffs…

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