Sirius XM (NASDAQ:SIRI) Issues Earnings Results

Sirius XM (NASDAQ:SIRI) posted its quarterly earnings data on Thursday. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01, FiscalAI reports. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. Sirius XM had a return on equity of 9.37% and a net margin of 10.23%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 EPS.

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 Trading Up 3.2%

Shares of NASDAQ:SIRI traded up $0.87 during mid-day trading on Thursday, hitting $28.19. The stock had a trading volume of 3,398,143 shares, compared to its average volume of 4,773,733. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market cap of $9.50 billion, a PE ratio of 11.28, a P/E/G ratio of 0.50 and a beta of 0.98. Sirius XM has a 12-month low of $19.76 and a 12-month high of $32.66. The company’s 50 day moving average is $27.51 and its 200-day moving average is $26.09.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Friday, November 6th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, November 6th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.8%. Sirius XM’s payout ratio is currently 43.20%.

More Sirius XM News

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

• Positive Sentiment: Adjusted earnings beat estimates: Sirius XM reported quarterly earnings of $0.78 per share, ahead of the $0.76–$0.77 analyst consensus, although earnings declined from $0.84 a year earlier. Sirius XM Tops Q3 Earnings Estimates
• Positive Sentiment: Improved outlook: Sirius XM raised its 2026 outlook following the quarter, signaling management’s confidence in operating performance and cash generation. Sirius XM Raises 2026 Outlook on Strong Q3 Results
• Neutral Sentiment: Stable subscriber base: The company’s subscriber count held steady at approximately 33 million, suggesting limited near-term customer attrition but little evidence of meaningful subscriber growth. SiriusXM Q3 Revenue Edges Down, Subscriber Count Holds Steady
• Negative Sentiment: Revenue remained soft: Quarterly revenue was approximately $2.15 billion, slightly below the $2.16 billion consensus and down about 0.4% year over year. The reported full-year revenue outlook of $8.55 billion at the midpoint was also modestly below analyst expectations. Sirius XM Reports Q3 Results In Line With Expectations

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SIRI shares. Deutsche Bank Aktiengesellschaft raised shares of Sirius XM from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $31.00 to $45.00 in a research note on Wednesday, September 2nd. TD Cowen cut shares of Sirius XM to a “hold” rating in a report on Wednesday, September 2nd. Weiss Ratings upgraded shares of Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. BNP Paribas Exane cut Sirius XM to a “neutral” rating in a report on Wednesday, September 2nd. Finally, Benchmark reiterated 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. Based on data from MarketBeat.com, Sirius XM has a consensus rating of “Hold” and a consensus price target of $32.15.

Insider Buying and Selling

In other Sirius XM news, Director Jonelle Procope sold 16,672 shares of the business’s stock in a transaction 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 sale, the director directly owned 18,354 shares of the company’s stock, valued at $550,069.38. The trade was a 47.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.27% of the company’s stock.

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.