revenue
12500 $million
FY 2026
official guidance
Sony Group Corp · ソニーグループ株式会社
Last · Tokyo¥3884.00+25.00 (+0.65%)live · yahoo · 6h ago
Market cap¥22.68T5.84B sh
P/E · TTM20.9fwd 21.2 · eps 186.28
Beta0.81vs S&P 500
Div yield0.91%annual · TTM
52w range
¥3043.00¥4776.00
Volume16.2Msession
| Revenue | ¥12.48T |
|---|---|
| Operating income | ¥1.45T |
| Net income | ¥-326.9B |
| Operating margin | 11.6% |
| Net margin | -2.6% |
| Return on equity | -4.0% |
| Period | 2026 |
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OpenFilings analyst
Our analyst
Agentic read of the latest earnings call — recommendation updates when we process a new transcript. Research synthesis, not investment advice.
Strong BuyBuyHoldSellStrong Sell
Strong execution, but earnings quality and near-term semiconductor risks argue for waiting.
Sony delivered a strong Q1, with sales up 8% to ¥2,837.8bn and operating income up 40% to ¥476.5bn, while raising FY2026 operating-income guidance 8% to ¥1,720bn.
However, much of the upgrade reflects FX and roughly ¥80bn of tariff refunds, while the Kumamoto earthquake, memory-cost inflation and weaker second-half mobile-sensor demand remain unresolved; the risk/reward is not compelling enough for a fresh purchase.
Themes
- Q1 Fy2026
- Playstation
- Image Sensors
- Tsmc Partnership
- Kumamoto Earthquake
- Memory Costs
Near term
The Kumamoto Technology Center suspended production after the July 28 earthquake; the financial impact is excluded from guidance and remains unquantified.
PlayStation MAUs reached a record June level of 125 million, but quarterly playtime declined 4% year-on-year; the late-year release slate is important for engagement and software momentum.
Approximately ¥80bn of U.S. tariff refunds is expected in FY2026, with most allocated to the operating-income upgrade.
Memory prices are pressuring ET&S and could affect high-end smartphone shipments and mobile-sensor volumes in the second half.
Longer term
I&SS remains a key structural earnings driver: Q1 operating income more than doubled to ¥122.2bn, but management expects full-year mobile-sensor revenue to decline slightly because of smartphone and memory-market conditions.
The planned partnership with TSMC could strengthen Sony's image-sensor process technology and expand exposure to physical-AI applications, but definitive agreements have not yet been signed.
PlayStation's large installed user base and Music's catalog, streaming and live-event assets remain important ecosystem and IP advantages.
Competitive and execution risk remains material in games, image sensors and consumer electronics, where product cycles, pricing and external manufacturing capacity can quickly change returns.
Red flags
The earthquake impact is not included in the full-year forecast and management said it is currently difficult to estimate, leaving a material near-term supply disruption risk.
The FY2026 operating-income upgrade is substantially supported by FX and tariff refunds rather than a broad-based improvement in underlying demand.
I&SS's record Q1 profitability benefited from product mix and FX even as management expects mobile-sensor revenue to decline slightly for the full year.
Sony cited a major mobile-sensor customer but did not quantify customer concentration, increasing uncertainty around demand and bargaining-power risk.
Rising memory costs are being managed through procurement, design and pricing actions, but the company provided no quantified margin sensitivity.
Forward outlook
operating margin
13.8 pct
FY 2026
official guidance
ebitda
1720 $million
FY 2026
official guidance
revenue
4540 $million
FY 2026
official guidance
ebitda
660 $million
FY 2026
official guidance
revenue
2190 $million
FY 2026
official guidance
ebitda
420 $million
FY 2026
official guidance
revenue
1660 $million
FY 2026
official guidance
ebitda
150 $million
FY 2026
official guidance
revenue
2250 $million
FY 2026
official guidance
ebitda
150 $million
FY 2026
official guidance
revenue
2110 $million
FY 2026
official guidance
ebitda
420 $million
FY 2026
official guidance
Recommendation history
OpenFilings analyst view from primary-source filings and earnings calls — not investment advice.
From latest ANNUAL · 2024-06-25
- Current Ratio Low
Red flags
- Current Ratio Low — Current ratio 0.66
Upcoming earnings
7:30 AM UTC+1
Period
Sep 2026
Est. EPS
$62.49
Est. revenue
3,168.9B
Earnings transcripts
Press & signals
- Satelight
The Lamentable Later Life of Lemmings
- Satelight
PS5 Linux lead quits: "a bunch of noobs using LLMs" that "they don't understand"
- Satelight
List of references on Sony websites to players "owning" their digital games
The rest of this company's wire — with summaries and source links — is part of Pro.
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