Sirius XM (NASDAQ:SIRI) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Posted by Francis Steltz on Jul 30th, 2026

Sirius XM (NASDAQ:SIRI – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.08), FiscalAI reports. Sirius XM had a return on equity of 9.19% and a net margin of 9.86%.The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the business posted $0.57 earnings per share. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year.

Here are the key takeaways from Sirius XM’s conference call:

Full-year 2026 guidance was raised by $25 million for revenue, adjusted EBITDA, and free cash flow, now targeting approximately $8.525 billion, $2.625 billion, and $1.375 billion, respectively.
SiriusXM returned to positive self-pay net additions with 22,000 in Q2, while ARPU rose 1% to $15.32 and churn reached a company-record low of approximately 1.4%; management nonetheless expects modestly lower full-year net additions as promotional activity is reduced and favorable continuous-service comparisons fade.
Advertising revenue grew 5% to $454 million, led by approximately 30% podcasting growth, stronger programmatic advertising, and technology fees. Management expects broader commercialization of YouTube Audio later this year, though it does not anticipate a meaningful financial contribution until the second half of 2027.
Cost discipline expanded adjusted EBITDA 3% to $691 million and lifted margins to 32%, while free cash flow surged 48% to $593 million. The company has captured $74 million of its targeted $100 million in 2026 gross cost savings.
SiriusXM reached its target leverage range at 3.4 times adjusted EBITDA, allowing share repurchases to become a larger use of excess cash, with nearly $1 billion remaining under authorization. Management continues to evaluate partnerships to monetize its 35 MHz spectrum portfolio while preserving service flexibility, but provided no timing or transaction details.

Sirius XM Stock Down 5.0%

SIRI traded down $1.62 during midday trading on Thursday, hitting $30.97. 7,774,712 shares of the company’s stock traded hands, compared to its average volume of 3,528,533. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market cap of $10.43 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 0.70 and a beta of 0.95. The stock’s fifty day simple moving average is $29.34 and its 200-day simple moving average is $25.30. Sirius XM has a one year low of $19.76 and a one year high of $32.66.

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Monday, August 10th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, August 10th. Sirius XM’s dividend payout ratio (DPR) is presently 45.57%.

Insider Buying and Selling

In other Sirius XM news, insider Scott Andrew Greenstein sold 20,744 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total value of $618,793.52. Following the completion of the sale, the insider directly owned 20,163 shares of the company’s stock, valued at $601,462.29. The trade was a 50.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.27% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sirius XM

Several institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC bought a new stake in Sirius XM in the fourth quarter worth $622,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Sirius XM by 11.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 925,313 shares of the company’s stock valued at $20,861,000 after buying an additional 92,111 shares in the last quarter. Focus Partners Wealth raised its holdings in Sirius XM by 5.2% during the first quarter. Focus Partners Wealth now owns 16,273 shares of the company’s stock valued at $367,000 after buying an additional 800 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Sirius XM by 36.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after buying an additional 493 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Sirius XM in the second quarter worth about $208,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Key Stories Impacting Sirius XM

Here are the key news stories impacting Sirius XM this week:

Positive Sentiment: Sirius XM returned to positive net subscriber growth, adding 22,000 subscribers, while reporting record-low churn. Management also highlighted strong advertising performance and free cash flow. Sirius XM Q2 2026 earnings call highlights
Positive Sentiment: Management raised its 2026 outlook, targeting approximately $8.525 billion in revenue and $1.375 billion in free cash flow, with the revenue outlook reportedly increased by $25 million. SiriusXM outlines 2026 targets
Positive Sentiment: The company announced a $5-per-month Sports Pass featuring sports audio and content including WWE Radio, creating a potentially attractive low-cost offering to broaden engagement and subscriber monetization. SiriusXM sports plan
Positive Sentiment: Wells Fargo upgraded Sirius XM, while Rosenblatt Securities reiterated a Buy rating, providing additional analyst support. Wells Fargo upgrade
Neutral Sentiment: Revenue increased 1% year over year to $2.16 billion, exceeding the $2.14 billion consensus estimate, but growth remained limited. Sirius XM Q2 sales results
Negative Sentiment: Adjusted earnings of $0.70 per share fell short of the $0.78 analyst consensus, an earnings surprise of roughly negative 10%, making the profit miss the primary pressure on the stock. Sirius XM misses Q2 earnings estimates
Negative Sentiment: Chief Operating Officer Wayne Thorsen is departing amid a restructuring, introducing leadership-transition uncertainty as Sirius XM works to improve operating performance. Sirius XM COO departure

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SIRI shares. Weiss Ratings upgraded shares of Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Citigroup restated a “sell” rating and set a $22.00 price target (up from $19.00) on shares of Sirius XM in a report on Monday, May 4th. Guggenheim reaffirmed a “buy” rating on shares of Sirius XM in a research note on Wednesday, June 17th. Wells Fargo & Company set a $30.00 price objective on Sirius XM and gave the stock an “equal weight” rating in a report on Monday. Finally, UBS Group set a $30.00 price objective on Sirius XM in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $29.64.

Check Out Our Latest Stock Analysis on Sirius XM

Sirius XM Company Profile

(Get Free Report)

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.