Sleep Number (SNBR) Expected to Post Earnings on Wednesday

Sleep Number (NASDAQ:SNBR) is expected to be posting 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. Interested persons can find conference call details on the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Wednesday, July 29, 2026 at 8:30 AM ET.

Sleep Number (NASDAQ:SNBR) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $320.72 million.

Sleep Number Stock Performance

SNBR opened at $0.12 on Wednesday. The company’s 50 day moving average is $0.65 and its 200 day moving average is $4.10. 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 12-month low of $0.12 and a 12-month high of $13.94.

Insider Transactions at Sleep Number

In related news, major shareholder Stadium Capital Management Llc sold 390,676 shares of the 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 of the company’s stock, valued at approximately $607,896.70. This represents a 53.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Sleep Number

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

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. UBS Group decreased 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 lowered Sleep Number from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th. Zacks Research cut Sleep Number from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Sleep Number in a research report on Tuesday, June 16th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price 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.