Sirius XM raises 2026 free cash flow guidance to $1.4 billion
SIRI•SiriusXM raised its 2026 revenue, adjusted EBITDA and free cash flow guidance by $25 million each for the second consecutive quarter. It now forecasts revenue of $8.55 billion, adjusted EBITDA of $2.65 billion and free cash flow of $1.4 billion.
1. Guidance raised
SiriusXM raised its 2026 revenue, adjusted EBITDA and free cash flow guidance by $25 million each for the second consecutive quarter. It forecasts revenue of $8.55 billion, adjusted EBITDA of $2.65 billion and free cash flow of $1.4 billion; its 2027 free cash flow target remains approximately $1.5 billion.
2. Third-quarter results
Third-quarter adjusted EBITDA rose 3% to $694 million, supported by structural cost savings. Quarterly free cash flow increased 14% to $293 million, benefiting from favorable working capital, lower interest expense and reduced capital expenditures.
