Somnigroup Q2 Revenue Falls Short of Estimates, Sales Rise 52.5% YoY

Somnigroup (NYSE:SGI) missed Q2 revenue estimates by 0.6% with $1.88 billion in sales, a 52.5% YoY increase. Non-GAAP profit of $0.53 per share beat analyst estimates by 3.6%. The company raised its full-year adjusted EPS guidance to $2.55, a 3% increase. Operating margin and free cash flow margin decreased compared to the same quarter last year.