Sony Revenue Beats Estimates, Profit Misses; Sees 13% Net Profit Growth
Sony reported fourth-quarter revenue of about $19.4 billion, beating estimates of roughly $18.4 billion, while operating profit of about $1.06 billion missed expectations of around $1.7 billion. The company said net profit for the year ending March 2027 will rise 13% to ¥1.16 trillion, or about $7.4 billion, even as PlayStation 5 sales fell to 1.5 million units in the quarter.
Image sensors and music helped offset weaker hardware, but memory costs remain a pressure point as AI data centers absorb supply. Earlier in the earnings release, Sony said it expects higher profits but lower sales in games because of rising memory prices, has secured enough memory for the PS5 this year and expects the impact on its Entertainment, Technology and Services forecast to be limited to ¥30 billion. The company also authorized a share buyback of up to ¥500 billion and plans to cancel 3% of its shares on May 29.
From the sources (11 posts)
@firstsquawkSONY SEES FY OPER INCOME 1.60T YEN, EST. 1.63T YEN || TO BUY BACK UP TO 500B YEN OF SHARES
@firstsquawkSony Q4 Earnings: • Q4 Operating Income: ¥163.54B (est ¥271.45B) • Sees FY Net Sales: ¥12.30T (est ¥12.75T) • Sees FY Operating Income: ¥1.60T (est ¥1.63T) • Sees FY Dividend: ¥35.00 • To Buy Back Up To ¥500B Of Shares • To Cancel 3% Of Sh
@businessSony projected profit this year largely in line with expectations as it pours further investment into its growing portfolio of intellectual property rights spanning music, movies and games
@firstsquawkSONY EXPECTS GREATER PROFITS FROM GAMES BUT PREDICTS LOWER SALES DUE TO RISING MEMORY PRICES.
@reutersSony forecasts lower gaming business sales amid memory price surge
@firstsquawkSONY CFO: IF CIRCUMSTANCES CHANGE CONCERNING MEMORY ACQUISITION FOR HARDWARE WE PLAN TO FLEXIBLY ADJUST UNIT SALES AND PROMOTIONAL SALES
@firstsquawkSONY CFO: WE EXPECT TO CONTAIN IMPACT OF MEMORY PRICES ON FY 2026 FORECAST TO 30 BLN YEN IN ENTERTAINMENT, TECHNOLOGY AND SERVICES SEGMENT
@firstsquawkSONY: SECURED ENOUGH MEMORY FOR PS5 FOR THIS YEAR
@cnbcSony targets double-digit profit growth despite slowdown in PlayStation 5 sales amid memory price crunch
@techmemeSony reports Q4 revenue of $19.4B, above ~$18.4B est., operating profit of ~$1.06B, below ~$1.7B est., and forecasts FY 2027 net profit to rise 13% to ~$7.4B (@nicolschwarzk / CNBC) (Visit Techmeme dot com for the link and full context!)
@briefing_block_$SONY — Sony forecasts 13% profit rise as PS5 sales fall - Sony expects net profit to climb to ¥1.16 trillion in the year ending March 2027. - That outlook comes even after PS5 sales fell to 1.5 million units in Q4. - Image sensors and m