With guidance unchanged and results in line, there is no immediate catalyst. Monitor the next quarter for any subscriber trends or changes to the free cash flow trajectory toward the $1.5B 2027 target.
Price Chart
Executive Summary
Sirius XM reported Q1 2026 EPS of $0.72, a 0.8% beat vs. $0.71 consensus, on revenue of $2.07B (in line with estimates). The company maintained its full-year 2026 guidance for revenue of ~$8.5B, adjusted EBITDA of ~$2.6B, and free cash flow of ~$1.35B, signaling continued stability. The results are in line with expectations and the guidance was unchanged, making this a routine quarterly update with no material surprise to drive significant stock movement.
Key Financial Metrics
Key Facts
- Q1 2026 EPS of $0.72 vs. consensus $0.71 (0.8% beat)
- Q1 2026 revenue of $2.07B vs. consensus $2.07B (in line)
- Full-year 2026 guidance maintained: revenue ~$8.5B, adjusted EBITDA ~$2.6B, free cash flow ~$1.35B
- Prior Q4 2025 earnings showed full-year 2025 revenue of $8.56B (down 2% YoY) and net income of $805M
- 2025 free cash flow was $1.26B, up 24% YoY, with 2026 guidance for ~$1.35B
Financial Impact
EPS beat by $0.01, revenue in line — no material financial impact from this quarter alone
Risk Factors
- Continued subscriber declines in SiriusXM self-pay (down 301k in 2025) could pressure revenue
- Pandora advertising revenue growth remains tepid (1% in 2025)
- High leverage (net debt-to-adjusted EBITDA of 3.6x) limits financial flexibility
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Data (Synthetic) | 0000908937-26-000010 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 30, 2026 9w ago | 8-K | $30.97 $28.50 | ▼ −7.98% | ▼ −11.94% | $25.72 (−16.95%) |
Jul 30, 2026 9w ago | 8-K | $30.97 $28.50 | ▼ −7.98% | ▼ −11.94% | $25.72 (−16.95%) |
Jul 30, 2026 9w ago | Press Release | $30.97 $28.50 | ▲ +7.98% | ▲ +11.94% | $25.72 (+16.95%) |
Jul 6, 2026 12w ago | Press Release | $30.71 $30.37 | ▼ −1.11% | ▼ −2.44% | $25.72 (−16.25%) |
Jun 12, 2026 16w ago | Institutional Cluster | $27.52 $30.42 | ▲ +10.54% | ▲ +8.76% | $25.72 (−6.54%) |
Apr 30, 2026 22w ago | 8-K | $26.67 $29.52 | ▲ +10.68% | ▲ +5.45% | $25.72 (−3.57%) |
Apr 10, 2026 25w ago | DEFA14A | $23.46 $26.75 | ▲ +14.01% | ▲ +5.48% | $25.72 (+9.62%) |
Mar 4, 2026 30w ago | 8-K | $22.41 $23.41 | ▲ +4.44% | ▲ +8.86% | $25.72 (+14.75%) |
Feb 26, 2026 31w ago | 8-K | $21.31 $22.95 | ▲ +7.72% | ▲ +14.12% | $25.72 (+20.72%) |
US Market Status
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