Sleep Number (SNBR) Projected to Post Earnings on Wednesday

Sleep Number (NASDAQ:SNBR) will likely be releasing its Q2 2026 results before the market opens on Wednesday, July 29th. Analysts expect the company to post earnings of ($0.3647) per share and revenue of $327.7950 million for the quarter. Investors may visit the 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 posted its quarterly earnings results on Tuesday, May 12th. The company reported ($2.19) EPS for the quarter, missing the consensus estimate of ($0.39) by ($1.80). The business had revenue of $318.99 million for the quarter, compared to the consensus estimate of $320.72 million.

Sleep Number Stock Performance

Shares of SNBR opened at $0.12 on Monday. The business’s 50-day moving average is $0.56 and its two-hundred day moving average is $3.93. The company has a market capitalization of $2.88 million, a P/E ratio of -0.02 and a beta of 2.49. Sleep Number has a fifty-two week low of $0.12 and a fifty-two week high of $13.94.

Insiders Place Their Bets

In other Sleep Number news, major shareholder Stadium Capital Management Llc sold 390,676 shares of the 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 transaction, the insider directly owned 341,515 shares of the company’s stock, valued at $607,896.70. This trade represents a 53.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its stake in Sleep Number by 39.3% during the 4th quarter. Wells Fargo & Company MN now owns 20,970 shares of the company’s stock worth $177,000 after buying an additional 5,920 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of Sleep Number in the third quarter worth approximately $164,000. Oxford Asset Management LLP acquired a new stake in shares of Sleep Number in the second quarter worth approximately $144,000. Cerity Partners LLC purchased a new stake in shares of Sleep Number during the second quarter worth approximately $135,000. Finally, XTX Topco Ltd purchased a new stake in shares of Sleep Number during the second quarter worth approximately $133,000. 85.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SNBR has been the topic of a number of recent research reports. Zacks Research downgraded Sleep Number from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Wall Street Zen cut Sleep Number from a “sell” rating to a “strong sell” rating in a research report on Sunday, April 19th. Weiss Ratings reissued a “sell (e+)” rating on shares of Sleep Number in a report on Tuesday, June 16th. Finally, UBS Group lowered their price objective on Sleep Number from $4.00 to $2.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $3.50.

About Sleep Number

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.