Sleep Number (SNBR) Projected to Post Earnings on Wednesday

Sleep Number (NASDAQ:SNBR) is projected to release its Q2 2026 results before the market opens on Wednesday, July 29th. Analysts expect Sleep Number to post earnings of ($0.3647) per share and revenue of $327.7950 million for the quarter. Interested persons can find conference call details on the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Wednesday, July 29, 2026 at 8:30 AM ET.

Sleep Number (NASDAQ:SNBR) last issued its earnings results on Tuesday, May 12th. The company reported ($2.19) earnings per share (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 analyst estimates of $320.72 million.

Sleep Number Stock Performance

Shares of NASDAQ SNBR opened at $0.12 on Wednesday. The firm’s 50 day moving average price is $0.65 and its 200-day moving average price is $4.10. Sleep Number has a 52-week low of $0.12 and a 52-week high of $13.94. The company has a market cap of $2.88 million, a PE ratio of -0.02 and a beta of 2.49.

Analyst Ratings Changes

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

Insider Activity

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

Institutional Investors Weigh In On Sleep Number

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. bought a new stake in Sleep Number in the 2nd quarter worth approximately $73,000. Sherbrooke Park Advisers LLC bought a new position in shares of Sleep Number during the 3rd quarter valued at $87,000. Bank of Montreal Can purchased a new position in shares of Sleep Number in the 4th quarter worth $89,000. Worth Venture Partners LLC purchased a new position in shares of Sleep Number in the 3rd quarter worth $105,000. Finally, Virtu Financial LLC bought a new stake in shares of Sleep Number in the third quarter worth $111,000. Hedge funds and other institutional investors own 85.67% of the company’s stock.

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.