The present invention discloses a speaker, which includes a basket, a vibration system fixed to the basket, and a magnetic circuit system arranged in the basket. The vibration system includes a first diaphragm fixed to the basket and a second diaphragm oppositely separated from the first diaphragm, the magnetic circuit system includes an upper clamping plate fixed to the basket, and the upper clamping plate is disposed separately from the second diaphragm. The upper clamping plate includes a fixing portion fixed to the basket, the upper clamping plate is provided with a step recessed towards the first diaphragm from one side of the upper clamping plate facing away from the first diaphragm, and the step is connected with the fixing portion.