Sirius XM (NASDAQ:SIRI) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Sirius XM (NASDAQ:SIRI) posted its earnings results on Thursday. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01, FiscalAI reports. The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Sirius XM had a return on equity of 9.42% and a net margin of 10.47%. The firm’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 earnings per share.

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

• Sirius XM raised its 2026 guidance for the third consecutive time, now targeting approximately $8.55 billion in revenue, $2.65 billion in adjusted EBITDA, and $1.4 billion in free cash flow. EBITDA rose 3% and free cash flow increased 14% in the third quarter.
• The subscription business showed signs of stabilization, with 5,000 positive self-pay net additions, improved churn of approximately 1.5%, stable ARPU of $15.18, and average listening time up 5% year over year. Companion plans and extended-duration dealer programs helped offset weaker conversion rates, though management is prioritizing subscriber lifetime value over aggressive volume growth.
• Advertising momentum is strongest in podcasting and programmatic, which grew 20% and 21%, respectively, in the Pandora and Off Platform segment. The YouTube Audio relationship expands SiriusXM Media’s reach to approximately 255 million monthly listeners, although management expects the partnership’s more meaningful financial contribution primarily in the second half of 2027 and beyond.
• Cost discipline and lower capital spending are strengthening cash generation: the company has realized $96 million of its planned $100 million in 2026 gross cost savings and reduced net leverage to 3.3 times adjusted EBITDA. Management said this financial flexibility could support a meaningful increase in share repurchases in 2027 while maintaining the dividend.
• Fourth-quarter trends are expected to be more challenging, as Continuous Service benefits anniversary, conversion pressures persist, and promotional acquisition becomes more disciplined. Elevated memory-chip costs will continue to weigh on equipment revenue and margins, while targeted increases in marketing spending and other investments may contribute to fourth-quarter margin contraction.

Sirius XM Price Performance

NASDAQ:SIRI traded up $0.34 during mid-day trading on Friday, reaching $29.01. The stock had a trading volume of 7,153,863 shares, compared to its average volume of 4,289,024. The firm has a 50 day moving average price of $27.53 and a two-hundred day moving average price of $26.16. The stock has a market capitalization of $9.78 billion, a P/E ratio of 11.89, a P/E/G ratio of 0.52 and a beta of 0.98. Sirius XM has a one year low of $19.76 and a one year high of $32.66. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.46 and a current ratio of 0.32.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Friday, November 6th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, November 6th. Sirius XM’s dividend payout ratio (DPR) is currently 44.26%.

Insider Transactions at Sirius XM

In other Sirius XM news, Director Jonelle Procope sold 16,672 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $29.97, for a total transaction of $499,659.84. Following the transaction, the director directly owned 18,354 shares in the company, valued at $550,069.38. This trade represents a 47.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.27% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SIRI shares. Rosenblatt Securities set a $47.00 target price on shares of Sirius XM in a research note on Friday. The Goldman Sachs Group reissued a “neutral” rating and issued a $33.00 price target on shares of Sirius XM in a research note on Friday. BNP Paribas Exane lowered shares of Sirius XM to a “neutral” rating in a report on Wednesday, September 2nd. William Blair raised shares of Sirius XM to a “market perform” rating in a report on Wednesday, September 2nd. Finally, Benchmark restated a “buy” rating on shares of Sirius XM in a research report on Wednesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Sirius XM presently has an average rating of “Hold” and a consensus target price of $32.75.

More Sirius XM News

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

• Positive Sentiment: Higher 2026 outlook: Sirius XM raised its full-year free cash flow guidance to approximately $1.4 billion and set revenue guidance at about $8.55 billion, supporting the stock’s income and cash-generation appeal. SiriusXM expects $1.4B 2026 free cash flow as it raises guidance to $8.55B revenue
• Positive Sentiment: Subscriber losses stabilized: Self-pay net additions reached 5,000 during the third quarter, while the overall subscriber base held near 33 million. The stabilization reduces concerns about continued customer attrition. Sirius XM: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Analyst price target increased: Wells Fargo lifted its target from $31 to $33 while maintaining an “equal weight” rating, implying additional potential upside but not a strong bullish endorsement. Wells Fargo Sirius XM price target
• Positive Sentiment: Growing content and advertising opportunities: SiriusXM is expanding its podcast business through creators such as MrBallen and Alex Cooper, including efforts to grow YouTube distribution and advertising sales. WWE Radio also reportedly gained nearly 20% in listenership following the company’s rebrand. Inside SiriusXM’s Growing Podcast Empire

Sirius XM Company Profile

Sirius XM Holdings Inc is a media and entertainment company that provides subscription-based audio programming through its SiriusXM service. The company delivers a broad range of commercial-free music, live sports, news, talk and entertainment programming, including exclusive channels, original shows and coverage of major events.

SiriusXM content is distributed primarily through satellite radio and internet streaming. Subscribers can access the service in vehicles, through the SiriusXM mobile app and website, and on supported connected devices.