It makes sense comparing Denon AVR-S940H vs Denon AVR-S950H because they both are able to give some premium features.
Considered AV receivers have the same number of channels 7.2. And as for power, it is the same and equal to 90/8, 125/6. The THD is the same and is 0.08%.
Characteristics of digital to analog converter (DAC) are different, 192 KHz/32-bit for AVR-S940H and AKM 192 KHz/32-bit for the AVR-S950H. None of the models support Bi-amping. Each of the AV receivers can transmit an audio signal directly to the amplifier and bypasses any DSP processing.
Both models have the ability to connect to the Internet via WI-FI. Rivals from our review have Bluetooth support. The Apple Music service is implemented on considered devices: AirPlay, AirPlay 2. Spotify can be used on each receiver. The AVR-S940H can work with the audio stream from Deezer, TIDAL, Pandora, Napster, SiriusXM, TuneIn Radio, iHeart Radio, Sound Cloud, and the AVR-S950H can receive a content from Deezer, TIDAL, Pandora, Napster, SiriusXM, TuneIn Radio, iHeart Radio, Sound Cloud, Mood Mix.
Both AV receivers support HDR10 technology (High dynamic range). Compared AV receivers retain the quality of 4K/60Hz signal when transmitting from a source to a TV or projector. HDMI signal transmission in standby mode is implemented in each of the devices. Both rivals can scale the resolution of the incoming HDMI signal. The HDR standard - Dolby Vision is supported by these receivers.
Each receiver has 8/2 HDMI inputs/outputs. The HDMI Audio Return Channel (ARC) feature supports both devices. The HDMI eARC is available only on the AVR-S950H. The Consumer Electronics Control (CEC) feature is present in most modern AV receivers and the models in our comparison are no exception. The AVR-S940H supports the protection of digital content of the standard HDCP 2.2, versus HDCP 2.3 in the AVR-S950H. These compared receivers have a built-in phono stage for connecting a vinyl player.
Each of the AV receivers from our review supports 2 Multi-room zones. Supported voice control technologies are identical - Amazon Alexa, Google Assistant, Siri, Josh.AI. It is also worth noting that the ECO mode is presented in each of the receivers. Both AVR-S940H and AVR-S950H can be configured using the Setup assistant.
Both devices have support for Dolby Atmos multichannel audio format. The surround sound technology DTS:X is supported by devices under review.