Focusrite (TUNE): US channel inventory unwind
This situation live
TUNE Focusrite
4 Nov 2025 · Moderately elevated stock; unwind expected over 12-18 months · −12% until the next step
These levels are expected to unwind gradually over the next 12 to 18 months.
19 Mar 2026 · Unwind continuing; Audio Reproduction back to growth · +1% until the next step
the continued unwinding of inventory levels in the US distribution channel in the six month period to 28 February 2026
29 Jun 2026 · Audio Reproduction US growing; APAC normalising · +24% until the next step
Audio Reproduction: Revenue stable -0.6% (+0.5% organic constant currency), with growth in the key US market offsetting a normalising market in APAC
16 Sep 2026 · US growing strongly; China weak · −8% since
However, revenue in the division declined by 4%, with strong growth in the US being offset by weakness in China.
US channel inventory unwind
US growing strongly; China weak
Every step · 4
- 4 Nov 2025 Moderately elevated stock; unwind expected over 12-18 months – These levels are expected to unwind gradually over the next 12 to 18 months. ↗
- 19 Mar 2026 Unwind continuing; Audio Reproduction back to growth – the continued unwinding of inventory levels in the US distribution channel in the six month period to 28 February 2026 ↗
- 29 Jun 2026 Audio Reproduction US growing; APAC normalising – Audio Reproduction: Revenue stable -0.6% (+0.5% organic constant currency), with growth in the key US market offsetting a normalising market in APAC ↗
- 16 Sep 2026 US growing strongly; China weak – However, revenue in the division declined by 4%, with strong growth in the US being offset by weakness in China. ↗
What is happening
Focusrite: US channel inventory unwind – US growing strongly; China weak. ['US growing strongly; China weak']
- Announced
- 4 Nov 2025 · Moderately elevated stock; unwind expected over 12-18 months
- Latest
- 16 Sep 2026 · US growing strongly; China weak
- What it changes
- Confirms the recovery: H1 profit, margin and cash improved and net debt is near £2m, with full-year expectations unchanged. China weakness in Audio Reproduction and one-off tariff refunds temper the read.
From the company's own announcements. Not investment advice.
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