Sirius XM slightly beats Q2 revenue estimates, raises 2026 guidance
SIRI•Updated 2026 outlook
- Sirius XM raises 2026 revenue guidance to about $8.525 bln
- Company lifts 2026 adjusted EBITDA forecast to about $2.625 bln
- Sirius XM now sees 2026 free cash flow at about $1.375 bln
Key quarterly figures
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Slight Beat* | $2.16 bln | $2.14 bln (13 Analysts) |
| Q2 EPS | $0.70 | ||
| Q2 Net Income | $239 mln | ||
| Q2 Adjusted EBITDA | $691 mln | ||
| Q2 Free Cash Flow | $593 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Drivers behind the quarter
- Subscription and advertising revenue - Co said higher subscription and advertising revenue drove adjusted EBITDA growth
- Record-low churn - Self-pay net additions improved, supported by record-low self-pay churn of 1.4%, reflecting benefits from continuous service initiative and lower vehicle-related and non-pay churn
