Sleep Number (SNBR) to Post Quarterly Earnings on Wednesday

Sleep Number (NASDAQ:SNBR) is expected to be issuing its Q2 2026 results before the market opens on Wednesday, July 29th. Analysts expect the company to announce earnings of ($0.3647) per share and revenue of $327.7950 million for the quarter. Investors are encouraged to explore the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Wednesday, August 5, 2026 at 8:30 AM ET.

Sleep Number (NASDAQ:SNBR) last released its earnings results on Tuesday, May 12th. The company reported ($2.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($1.80). The company had revenue of $318.99 million during the quarter, compared to analyst estimates of $320.72 million.

Sleep Number Price Performance

SNBR stock opened at $0.12 on Tuesday. The company has a market cap of $2.88 million, a price-to-earnings ratio of -0.02 and a beta of 2.49. Sleep Number has a twelve month low of $0.12 and a twelve month high of $13.94. The business has a 50 day moving average price of $0.53 and a two-hundred day moving average price of $3.88.

Insider Transactions at Sleep Number

In other Sleep Number news, major shareholder Stadium Capital Management Llc sold 390,676 shares of Sleep Number stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $1.78, for a total transaction of $695,403.28. Following the completion of the transaction, the insider directly owned 341,515 shares of the company’s stock, valued at $607,896.70. The trade was a 53.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in Sleep Number by 20.1% in the 1st quarter. Royal Bank of Canada now owns 355,843 shares of the company’s stock valued at $2,256,000 after purchasing an additional 59,510 shares during the period. AQR Capital Management LLC raised its stake in Sleep Number by 283.3% in the 1st quarter. AQR Capital Management LLC now owns 403,061 shares of the company’s stock worth $2,555,000 after purchasing an additional 297,916 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Sleep Number by 1,009.4% in the 1st quarter. Acadian Asset Management LLC now owns 34,304 shares of the company’s stock valued at $216,000 after purchasing an additional 31,212 shares during the period. Strs Ohio bought a new stake in Sleep Number in the 1st quarter valued at about $130,000. Finally, Geode Capital Management LLC grew its position in shares of Sleep Number by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 530,764 shares of the company’s stock worth $3,586,000 after purchasing an additional 7,570 shares in the last quarter. Institutional investors and hedge funds own 85.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Sleep Number in a report on Tuesday, June 16th. UBS Group dropped their price target on shares of Sleep Number from $4.00 to $2.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Wall Street Zen cut shares of Sleep Number from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th. Finally, Zacks Research cut shares of Sleep Number from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $3.50.

Sleep Number Company Profile

Sleep Number Corporation (NASDAQ: SNBR) is a Minneapolis‐based company specializing in the design, manufacture and retail of adjustable air mattresses and bedding products. The company’s flagship Sleep Number® bed features dual air chambers that allow each side of the mattress to be tailored to an individual’s preferred firmness, supported by integrated SleepIQ® technology. This proprietary monitoring system tracks biometric data such as heart rate, breathing and motion, delivering personalized sleep insights through a connected app.

Founded in 1987 as Select Comfort, the business pioneered adjustable air mattress technology and has since grown into a direct-to-consumer retailer.