Track market-moving stories before they get noisy

Sirius XM (SIRI - Free Report) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on October 29, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis satellite radio company is expected to post quarterly earnings of $0.76 per share in its upcoming report, which represents a year-over-year change of -9.5%.

Revenues are expected to be $2.16 billion, down 0% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.51% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Sirius XM?For Sirius XM, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +7.66%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Sirius XM will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Sirius XM would post earnings of $0.78 per share when it actually produced earnings of $0.70, delivering a surprise of -10.26%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Sirius XM appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

In the latest trading session, Sirius XM (SIRI - Free Report) closed at $27.15, marking a +2.41% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.33% for the day. At the same time, the Dow added 1.08%, and the tech-heavy Nasdaq gained 0.08%.

The satellite radio company's shares have seen a decrease of 7.18% over the last month, not keeping up with the Consumer Discretionary sector's loss of 3.52% and the S&P 500's gain of 1.41%.

Investors will be eagerly watching for the performance of Sirius XM in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 29, 2026. In that report, analysts expect Sirius XM to post earnings of $0.76 per share. This would mark a year-over-year decline of 9.52%. Our most recent consensus estimate is calling for quarterly revenue of $2.16 billion, up 0.05% from the year-ago period.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.98 per share and a revenue of $8.6 billion, signifying shifts of -6.58% and +0.51%, respectively, from the last year.

It is also important to note the recent changes to analyst estimates for Sirius XM. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.63% lower. As of now, Sirius XM holds a Zacks Rank of #3 (Hold).

Digging into valuation, Sirius XM currently has a Forward P/E ratio of 8.89. This signifies a discount in comparison to the average Forward P/E of 9.3 for its industry.

We can also see that SIRI currently has a PEG ratio of 0.48. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Broadcast Radio and Television industry held an average PEG ratio of 0.88.

The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 65, putting it in the top 27% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

Sebastian Maniscalco is taking heat from fellow comedians over his SiriusXM comedy channel, which critics say has squeezed hundreds of working stand-ups out of a lucrative source of royalties.

SiriusXM replaced its long-running Raw Comedy channel in April with Sebastian Maniscalco’s Comedy Radio, a 24/7 channel the satellite-radio giant has described as “curated and headlined” by the arena-filling comic.

Now, comedians including Liz Miele and Greg Stone are calling on Maniscalco and SiriusXM to reverse course, arguing the revamped channel has sharply concentrated airplay among better-known performers.

Host Sebastian Maniscalco visits SiriusXM Studios, Tuesday, Sept. 22, 2026, in New York. Getty Images Stand Up for Stand Up, an advocacy group for comedians, says data supplied by XMPlaylist shows the number of distinct comics receiving spins plunged from 812 in April to 275 in September — a drop of roughly 66% — even as the overall number of monthly plays remained in roughly the same range.

“The problem is,” Miele said in an Instagram video, “Raw went from playing 800 working class comedians to now playing less than 300 celebrity comedians like Joan Rivers, Johnny Carson, Bob Hope, Norm Macdonald.”

Miele said the lost airplay has hit comics who relied on the royalty checks while touring.

“And it is devastating,” she said. “Because of this action, hundreds of comedians will no longer be able to have these royalties.”

Stone also appealed directly to Maniscalco, while allowing that the comic may not have realized the impact of the programming overhaul.

“I’m going to assume you didn’t notice [the effects of the rebrand],” Stone said in a video posted to Instagram.

“’Cause no Italian is going to take money out of the hardworking man’s pocket.”

Sebastian Maniscalco performs onstage during the Sebastian Maniscalco “Stay Hungry” Tour 2018 at Madison Square Garden in New York, Saturday, Jan. 19, 2019. Getty Images for Sebastian Maniscalco He urged listeners to call SiriusXM and demand that the company “Bring back Raw Dog,” referring to the predecessor channel’s longtime Raw Dog Comedy branding.

The backlash has also drawn attention from other comics, including Patton Oswalt, Michelle Wolf and Matthew Broussard.

SiriusXM defended the overhaul, saying it was part of a broader programming change.

“SiriusXM works together with our creative partners to program the best possible experience for our listeners,” a company spokesperson said.

In this photo illustration, a person holds a smartphone displaying the logo of Sirius XM Holdings Inc. Getty Images “The launch of Sebastian Maniscalco’s Comedy Radio introduced a new creative direction and a regularly evolving programming mix for the channel, and SiriusXM continues to invest in comedians more than any other audio platform to deliver a wide range of comedy offerings across our channels.”

Sources close to SiriusXM told Deadline that the company viewed the rebrand as necessary because the old channel was not meeting listenership expectations.

The company has not publicly released channel-level audience data, however.

It also remains unclear how much control Maniscalco personally has over individual selections.

NEW YORK, Oct. 5, 2026 /PRNewswire/ -- SiriusXM (NASDAQ: SIRI) will release its third quarter 2026 operating and financial results on Thursday, October 29, 2026. The company will host an investor conference call that morning at 8:00 a.m.

Sirius XM Holdings (NASDAQ:SIRI | SIRI Price Prediction) stock is up 53% year to date (YTD), one of the more surprising runs in the communication services group this year. Sirius XM shares are trading at $29.

For Immediate ReleaseChicago, IL – September 14, 2026 – Today, Zacks Equity as Netflix (NFLX - Free Report) , Fox (FOXA - Free Report) , Roku Inc. (ROKU - Free Report) and Sirius XM (SIRI - Free Report)

Industry: Broadcast Radio & TV

Link: https://www.zacks.com/commentary/2988390/4-broadcast-radio-tv-stocks-to-watch-from-a-prospering-industry

The Zacks Broadcast Radio and Television industry has been benefiting from a massive spike in digital content consumption. Companies such as Netflix , Fox , Roku Inc. and Sirius XM  are thriving due to their diverse content offerings, which include original, regional and short-form content tailored for small screens like smartphones and tablets. Improved Internet speed and penetration, coupled with technological advancements, have been advantageous for industry participants. 

As monetization and revenues from advertising spending continue to be modest, strategies focused on profit protection, cash management and greater technology integration have gained significance and are expected to aid these companies in driving top-line growth in the near term. However, the industry is grappling with an escalation in cord-cutting despite a surge in demand for streaming content.

Industry DescriptionThe Zacks Broadcast Radio and Television industry encompasses companies that provide entertainment, sports, news, non-fiction and musical content across television, radio and digital media platforms. These entities generate revenues through the sale of television and radio programs, advertising slots and subscriptions. With technological advancements and a growing demand for virtual reality and Internet radio, industry players are increasing their investments in research and development, as well as sales and marketing efforts, to remain competitive. 

The industry's focus is likely to shift toward sustaining current levels of operations, coupled with a renewed emphasis on flexibility. This approach would accelerate the transition to a variable cost model, thereby reducing fixed costs and enhancing agility in the face of evolving market dynamics.

4 Broadcast Radio and Television Industry Trends to WatchShift in Consumer Preference a Key Catalyst: To adapt to the evolving landscape, companies are diversifying their content offerings for over-the-top (OTT) services alongside traditional linear TV. The availability of streaming services across a wide range of platforms has enabled them to reach a global audience, expand their international user base and attract advertisers to their platforms, thereby boosting ad revenues. 

The utilization of services that aid advertisers in measuring their return on investment and enhancing use cases is expected to benefit industry participants. Major leagues and events, such as the NFL, NHL, Olympics, European Games, EPL and elections, also contribute significantly to ad revenue generation.

Increased Digital Viewing Fuels Content Demand: Many industry participants, either launching their own OTT services or acquiring existing ones, leverage user insights to deliver tailored content. The surge in digital viewing has made consumer data readily available, allowing companies to apply artificial intelligence (AI) and machine learning techniques to create or procure targeted content. This approach not only boosts user engagement but also enables industry players to raise the prices of their services at opportune moments without the fear of losing subscribers.

Uncertain Macroeconomic Landscape Impedes Production and Ad Demand: Advertising is a significant revenue source for the Broadcast Radio and Television industry. However, industry participants are grappling with the effects of persistently high inflation, rising interest rates, increased capital costs, a soaring U.S. dollar and the looming threat of a recession. These factors have prompted advertisers to trim their ad budgets, which is expected to impact the top-line growth of industry players in the near term. Moreover, intense competition for ad dollars from tech and social media companies has been a significant impediment to the growth of industry participants.

Low-Priced Skinny Bundles Impact Revenues: The surge in cord-cutting has compelled industry participants to offer "skinny bundles." These Internet-based services often contain fewer channels than traditional subscriptions and are, therefore, more affordable. This move aligns with changing consumer viewing dynamics, as growth in Internet penetration and advancements in mobile, video and wireless technologies have boosted small-screen viewing. While these alternative services are expected to keep users engaged with their platforms, increasing the need for additional content, the low-priced skinny bundles are likely to dampen the top-line performance of industry players.

Zacks Industry Rank Indicates Bright ProspectsThe Zacks Broadcast Radio and Television industry is housed within the broader Zacks Consumer Discretionary sector. It currently carries a Zacks Industry Rank #91, which places it in the top 37% of more than 250 Zacks industries.

The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates dismal near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.

The industry’s position in the top 50% of the Zacks-ranked industries results from a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic about this group’s earnings growth potential.

Before we present some stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.

Industry Lags Sector, S&P 500The Zacks Broadcast Radio and Television industry has underperformed the broader Zacks Consumer Discretionary sector and the S&P 500 Index in the past six-month period.

The industry has declined 12.5% over this period against the S&P 500’s 13.9% return. The broader sector has declined 5.1% in the same time frame.

Industry's Current ValuationOn the basis of trailing 12-month Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization (EV/EBITDA), which is a commonly used multiple for valuing Broadcast Radio and Television stocks, the industry is currently trading at 8.04X versus the S&P 500’s 17.68X and the sector’s 8.65X.

In the past five years, the industry has traded as high as 15.56X and as low as 4.92X, recording a median of 8.18X.

4 Broadcast Radio and Television Stocks to WatchRoku's strong fundamental trajectory positions the stock favorably in the near term. Second-quarter 2026 results, released in August, revealed record net income of $164 million, adjusted EBITDA of $254 million and TTM Free Cash Flow of $704 million, driven by 25% platform revenue growth. Advertising gross margin expanded 650 basis points year over year to 62.4%, reflecting a meaningful mix shift toward higher-margin ad products. 

Political advertising already surpassed the comparable 2024 presidential cycle period, with momentum building through the fourth quarter. The AI-powered Home Screen, completed across the United States early in the third quarter, reinforces household retention and monetization. Subscription revenues climbed 26% year over year. 

Roku's 10th Developer Summit, scheduled for September, signals continued platform investment. The pending FOX Corporation acquisition adds a compelling near-term catalyst for this Zacks Rank #1 (Strong Buy) company. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for 2026 earnings has moved north by 1.1% to $2.78 per share in the past 30 days. ROKU shares have returned 62.6% in the past six-month period.

Netflix's near-term investment case rests on strengthening monetization, expanding content variety and aggressive capital return. Management reaffirmed 2026 revenue guidance of $51.0-$51.4 billion and a 31.5% operating margin, implying over 20% operating income growth year over year. Advertising revenues are tracking toward an approximate doubling to nearly $3 billion, powered by programmatic access extended to Pause Ads and live inventory this summer, accelerating the ads flywheel. 

An expanded NFL agreement, covering a third-quarter week-one matchup, Thanksgiving Eve game, and NFL Christmas Gameday, strengthens live programming and member acquisition pull. Content partnerships with Condé Nast, Hearst, and People launch in August, broadening engagement. Third-quarter operating margin is guided at 33.2%. A $27.1 billion remaining share repurchase capacity adds a firm near-term floor for shareholders.

The Zacks Consensus Estimate for 2026 earnings has remained steady at $3.59 per share in the past 30 days. Shares of this Zacks Rank #3 (Hold) company have plunged 19.4% in the past six-month period.

Fox Corp.'s pending Roku acquisition — expected to close in the first half of 2027 — creates the third-largest U.S. television entity by share of viewing, adding 100 million-plus streaming households and targeting $400 million in run-rate cost synergies. Robust fiscal 2026 full-year results — record revenues of $17.13 billion and adjusted EBITDA of $3.91 billion — provide a strong financial foundation entering fiscal 2027. 

The newly launched FOX One direct-to-consumer streaming service opens a scalable subscription revenue channel for this Zacks Rank #3 company. Tubi's digital advertising growth further diversifies revenues. An increased semi-annual dividend of 29 cents per share (payable Sept. 23, 2026) and $3.4 billion in remaining buyback capacity highlight shareholder-friendly capital returns. Red Seat Ventures' expanding podcast monetization via Amazon DSP and Apple Podcasts adds digital scale.

The Zacks Consensus Estimate for 2026 earnings has moved north by 1.4% to $5.94 per share in the past 30 days. FOXA shares have jumped 12.9% in the past six-month period.

SiriusXM’s fundamental trajectory is improving meaningfully. The company raised its full-year 2026 guidance across all three key metrics — revenues to approximately $8.525 billion, adjusted EBITDA to approximately $2.625 billion, and free cash flow to approximately $1.375 billion. Record-low self-pay churn of 1.4% and the first positive second-quarter self-pay net additions in four years signal genuine strengthening in subscriber health. 

Personalized listening through AI-powered artist stations surged 50% year over year, validating growing platform engagement. The successful SXM-11 satellite launch further bolsters long-term infrastructure resilience. In September 2026, the promotion of a dedicated chief product and technology officer positions SiriusXM to accelerate its next-generation 360L in-car experience and AI-driven personalization. Consistent quarterly dividends and disciplined cost management underscore a durable, shareholder-friendly business model for this Zacks Rank #3 company.

The Zacks Consensus Estimate for 2026 earnings has moved south by 0.3% to $3 per share in the past 30 days. In the past six-month period, SIRI shares have returned 29.9%.

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Buffett's Latest Portfolio Moves, and Another Secret StockJennifer Witz, chief executive officer of Sirius XM NASDAQ: SIRI, said the company’s strategy remains centered on strengthening its subscription business, expanding advertising and improving efficiency, with recent operating results providing what she described as evidence that the approach is working.

Speaking at Goldman Sachs’ Communacopia + Technology Conference, Witz said Sirius XM reported solid subscription performance in the second quarter, including higher average revenue per user, low churn and strong customer satisfaction. Advertising revenue rose 5% in the quarter, while the company remains on track to deliver $100 million in gross cost savings this year, she said.

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Sirius XM: Why Berkshire Just Added Another 2.3 Million SharesWitz reiterated the company’s free-cash-flow expectations of $1.375 billion this year and $1.5 billion next year, compared with $1.25 billion last year. She said lower capital expenditures for the satellite fleet as that investment cycle is completed next year should support cash generation and create greater capacity for shareholder returns, including share repurchases.

Subscription initiatives target retention and demand Witz said Sirius XM’s in-car business remains a significant competitive advantage, despite perceptions that satellite radio could face a rapid decline. The company is seeking to expand vehicle penetration at appropriate economics, increase used-car penetration and attract customers through extended-duration plans, she said.

Spotify Stock Surge: Why Investors Are Buying Despite High PricesThe company is also emphasizing a more personalized in-car experience through SiriusXM with 360L. The platform is used by roughly 20% of self-pay subscribers and is expected to be available in just over 60% of new-car sales by year-end, according to Witz.

Data from the platform is helping Sirius XM make content and product decisions, including the addition of local sports content, she said. Witz added that 360L has produced better conversion, retention and ARPU, while providing flexibility to offer different packages and enhanced features.

Second-quarter churn was 1.4%, Witz said. While the company expects modestly greater self-pay net-add losses this year than last year, she attributed part of that outlook to a reduced reliance on unpublished discounts and a shift toward customers rolling from trials into full-price plans. She said the transition may pressure near-term net additions but should improve the longer-term revenue profile.

Sirius XM is also using its Companion offering and continuous-service initiative to support retention. The Companion plan allows a paying subscriber to provide another household member with a radio or streaming subscription at zero ARPU. Witz said Sirius XM has about 300,000 Companion additions and that more than 80% of users say the feature has added value to their subscription.

Continuous service is designed to reduce friction when customers change vehicles by preserving their subscription, profile, preferences and streaming credentials while they determine where to place the service. Witz said future auto-transfer capabilities could further reduce customer leakage.

Lower-priced packages and exclusive content Witz said Sirius XM is pursuing lower-priced, content-focused packages to broaden its addressable market while continuing to add value to its broader subscription bundle. The company has launched its ad-supported Play music offering at $7 per month and is introducing Sports Pass at $5 per month.

Sports Pass will include Sirius XM’s sports programming, including play-by-play rights across the four major leagues, other sports coverage, sports talk and local sports stations through Audacy. Witz said the product could attract listeners who already subscribe to a music service but want broader sports access.

The company also sees opportunities in comedy and true crime. Witz cited recent additions including Sebastian Maniscalco and said Sirius XM is launching an ABC 20/20 channel after seeing success with its Dateline channel.

Witz described human curation, exclusive programming and live content as the company’s key differentiators. She pointed to country channel The Highway, which she said reaches 25% of Sirius XM subscribers each month, as an example of the company’s “fandom” strategy built around artist discovery, personalities, listener participation and exclusive events.

Advertising partnerships and spectrum optionality On advertising, Witz said Pandora accounts for about half of Sirius XM’s advertising revenue. The company is expanding its third-party representation business through partnerships involving SoundCloud, Amazon’s DSP, Apple’s podcast ecosystem and YouTube.

With YouTube, Sirius XM expects to reach 255 million monthly listeners, representing 90% of the U.S. population above age 13, Witz said. The partnership is beginning to launch and is expected to make a small contribution this year, with a more meaningful impact anticipated in the second half of next year. The company will monitor advertiser demand, repeat business and revenue as it evaluates the deal’s progress.

Witz also discussed the company’s spectrum portfolio, including 25 MHz of S-band spectrum used for its service and 5 MHz on either side in WCS blocks acquired in 2024. She said Sirius XM has seen interest related to potential spectrum uses, including direct-to-device applications, but is prioritizing value over speed.

Potential structures could include a sale, lease, joint venture or other commercialization arrangement, Witz said, adding that the company must consider technical and regulatory feasibility. She said the company has reached its target leverage ratio and intends to prioritize investment in the business, maintain leverage and return excess capital to shareholders.

About Sirius XM (NASDAQ:SIRI)Sirius XM Holdings Inc provides subscription-based audio entertainment and information services in the United States and Canada. Its SiriusXM service delivers commercial-free music, sports, news, talk and entertainment programming through satellite radio and internet streaming, including its mobile app and connected-vehicle platforms.

The company offers a broad range of exclusive and licensed content, including live sports coverage, original talk and comedy programs, news services, podcasts, and music channels organized by genre and artist.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Sirius XM Holdings Inc. (SIRI) Goldman Sachs Communacopia + Technology Conference 2026 September 9, 2026 7:25 PM EDT

Company Participants

Jennifer Witz - CEO & Director

Conference Call Participants

Stephen Laszczyk - Goldman Sachs Group, Inc., Research Division

Presentation

Stephen Laszczyk
Goldman Sachs Group, Inc., Research Division

All right. Great. We can get started with our next session. Thank you, everyone, for taking the time to join us today. My name is Stephen Laszczyk, and I cover entertainment here for Goldman. We are excited to welcome back to the Communacopia and Technology Conference again this year, Jennifer Witz, the CEO of SiriusXM. Jennifer, thanks for being with us today.

Jennifer Witz
CEO & Director

Thanks, Stephen. Good to be here.

Question-and-Answer Session

Stephen Laszczyk
Goldman Sachs Group, Inc., Research Division

Great. Maybe you could start off high level. You talked a good bit over the last couple of quarters on a few different vectors. First, improving subscriber trends; second, executing against some cost savings, some growth opportunities in the advertising business of yours as well as some possible execution against spectrum value, which I know has been much discussed. And maybe just as you take a step back, I'd be curious from your perspective, what's changed in the story over the last year? And then as you look ahead over the next couple of years, what do you think the biggest drivers of value creation will be for the business?

Jennifer Witz
CEO & Director

Sure. So I guess it starts with the strategy reset we did in late 2024, where we outlined the 3 priorities you highlighted, strengthening our subscription business by enhancing our in-car listening experience, growing our ads business and really leveraging the scale of our portfolio to drive efficiencies and also unlock new monetization opportunities to enhance shareholder value. And the

SiriusXM is still valued like a declining business, despite strong free cash flow. Advertising is becoming the main growth engine, led by podcasts, AdsWizz, and programmatic demand. The YouTube deal could materially boost earnings, with Deutsche Bank estimating $350–400 million of EBITDA by 2029.

SiriusXM Names Sean Gibbons Chief Product and Technology Officer PR Newswire

NEW YORK, Sept. 8, 2026

Longtime SiriusXM leader will advance the Company's product experiences and technology strategy

, /PRNewswire/ -- SiriusXM (NASDAQ: SIRI) today announced that Sean Gibbons has been promoted to Senior Vice President, Chief Product and Technology Officer, reporting to Chief Executive Officer Jennifer Witz and joining the Company's Executive Leadership Team. In this role, Gibbons will lead product and technology across SiriusXM and Pandora, with responsibility for product strategy and development, technology platforms and engineering, automotive and streaming distribution partnerships, and advertising technology.

"Sean has helped shape SiriusXM through some of our most important product and technology transformations, including the development and successful rollout of SiriusXM with 360L," said Jennifer Witz, Chief Executive Officer, SiriusXM. "He brings more than two decades of experience, deep knowledge of our business and a strong track record of bringing together teams, technology and partnerships to deliver for consumers. Sean is a highly respected leader and the right person to help us accelerate innovation, improve the customer experience and advance the products, platforms and partnerships that will support our growth."

Gibbons' key priorities will include advancing SiriusXM with 360L and the Company's next generation of in-car experiences; shaping the long-term technology roadmap supporting SiriusXM's satellite, broadcast and streaming platforms; applying AI to improve personalization, discovery and customer service; and creating more dynamic, connected and participatory experiences across SiriusXM's in-vehicle and streaming platforms.

"SiriusXM has a unique set of assets and a tremendous opportunity to make them work together even more powerfully for listeners," said Gibbons. "We can pair the reach and reliability of satellite with the flexibility of streaming and the intelligence of AI to make it easier for people to discover what they love, stay connected wherever they listen and participate more deeply in the content and moments that matter to them. I'm excited to take on this role and help shape the next generation of the SiriusXM experience."

Gibbons joined Sirius in 2000, before the company's first satellite launch, and has held leadership roles spanning product management, engineering, automotive, streaming, content technology and strategic partnerships. During his tenure, he established SiriusXM's first formal Product Management organization and later founded and led its first Streaming organization, expanding the SiriusXM experience across mobile, web and connected-home platforms.

Most recently, Gibbons led SiriusXM's Automotive organization, bringing together product, user experience, engineering and automotive partnerships to advance the company's in-vehicle experiences and relationships with leading automakers. Across more than two decades at SiriusXM, he has played a central role in many of the Company's most significant product and technology transformations, including its evolution toward connected, software-defined vehicle experiences and hybrid satellite-and-IP services.

About Sirius XM Holdings Inc.
SiriusXM is the leading audio entertainment company in North America, with a portfolio of audio businesses including its flagship subscription entertainment service SiriusXM; the ad-supported and premium music streaming services of Pandora; an expansive podcast network; and a complete ecosystem of advertising solutions through SiriusXM Media and AdsWizz. SiriusXM offers live, on-demand, and human-curated programming across music, talk, news, sports, and podcasts, and the company reaches approximately 255 million monthly listeners across its platforms. With deep automotive manufacturer relationships and unique spectrum assets, SiriusXM is built to reach listeners wherever they are. The company connects fans to the voices, creators, and moments they love - creating communities where listeners engage, participate, and belong. For more about SiriusXM, please go to: https://www.siriusxm.com/

Source: SiriusXM

Investor Contact:
[email protected]

Media Contact:
Zak Paget
[email protected]

View original content to download multimedia:https://www.prnewswire.com/news-releases/siriusxm-names-sean-gibbons-chief-product-and-technology-officer-302872401.html

SOURCE Sirius XM Holdings Inc.

Sirius XM (SIRI - Free Report) closed at $28.99 in the latest trading session, marking a -2.62% move from the prior day. This move lagged the S&P 500's daily loss of 0.38%. On the other hand, the Dow registered a loss of 0.51%, and the technology-centric Nasdaq decreased by 0.29%.

Shares of the satellite radio company witnessed a loss of 0.37% over the previous month, trailing the performance of the Consumer Discretionary sector with its gain of 1.41%, and the S&P 500's gain of 2.08%.

The upcoming earnings release of Sirius XM will be of great interest to investors. The company is predicted to post an EPS of $0.77, indicating a 8.33% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.16 billion, up 0.06% from the year-ago period.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.02 per share and a revenue of $8.6 billion, signifying shifts of -5.33% and +0.47%, respectively, from the last year.

Investors should also take note of any recent adjustments to analyst estimates for Sirius XM. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.31% higher within the past month. Sirius XM currently has a Zacks Rank of #3 (Hold).

In terms of valuation, Sirius XM is presently being traded at a Forward P/E ratio of 9.86. This represents a discount compared to its industry average Forward P/E of 11.4.

We can additionally observe that SIRI currently boasts a PEG ratio of 0.65. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Broadcast Radio and Television was holding an average PEG ratio of 1 at yesterday's closing price.

The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 90, this industry ranks in the top 37% of all industries, numbering over 250.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

Deutsche Bank just made a bold call on the one audio stock that has already outpaced its rivals by a wide margin in 2026, and the market is listening. Here is what the upgrade reveals about where Sirius XM stands…

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Shares of Sirius XM Holdings (NASDAQ:SIRI | SIRI Price Prediction) are rallying Wednesday morning after Deutsche Bank raised its rating on the largest audio entertainment company in North America. The move stands apart from the rest of the audio complex, which is essentially unchanged on the session. Sirius XM Holdings stock is up 6% to $29.16 in early trading.

The Communication Services Select Sector SPDR ETF (NYSEARCA:XLC) is unchanged at $110.88, framing this as a single-name analyst call rather than a sector rotation. That backdrop makes the reaction in Sirius XM stock cleaner to read, since buyers are responding to something specific in the note rather than to an underlying shift in Communication Services.

The three publicly traded audio pure-plays have taken sharply different paths this year, and the upgrade lands on the incumbent rather than the grower. Spotify (NYSE:SPOT) stock is down 0.7% to $540.31, and iHeartMedia (NASDAQ:IHRT) stock is down 0.4% to $2.69, so neither peer is confirming today’s move in Sirius XM Holdings stock.

Deutsche Bank Upgrade Drives the Rally Deutsche Bank upgraded Sirius XM stock to Buy from Hold and set a $45 price target on the shares. The call targets a company that carries a market capitalization of $9.31 billion and reaches 255 million monthly listeners across its platforms, with subscriptions accounting for 76% of total revenue.

The upgrade follows a Q2 2026 report that CEO Jennifer Witz framed as a strategy reset delivering results, disclosed on July 30 with revenue of $2.16 billion, adjusted EBITDA of $691 million and free cash flow of $593 million. Self-pay net additions turned positive at 22,000, the first positive quarterly result in four years, while monthly self-pay churn reached a record low of 1.4%. Management raised full-year 2026 guidance by $25 million on each of revenue, adjusted EBITDA and free cash flow, taking the free cash flow target to $1.375 billion.

Three Audio Paths in 2026 Sirius XM stock was up 43% year to date (YTD) through Tuesday’s close, which makes this upgrade a bet on continued momentum in the audio name that has already led the group. Spotify stock was down 6% and iHeartMedia stock was down 35% over the same stretch, so the audio complex has offered nothing resembling a coordinated trade in 2026.

Spotify offers a scale contrast rather than a like-for-like comparison. The streaming service reported 300 million premium subscribers and 777 million monthly active users as of June 30, and Spotify stock carries a market capitalization of $111.9 billion, dwarfing Sirius XM on both users and equity value. iHeartMedia is the largest U.S. audio company by reach and the top podcast publisher by downloads, and iHeartMedia stock carries a market capitalization of only $361 million, a reminder that debt load and equity value can move in opposite directions from operational scale.

The business at Sirius XM runs on two segments. The SiriusXM segment is subscription satellite and streaming radio delivered through factory-installed receivers under agreements with major automakers and through a streaming app, supported by unique FCC spectrum licenses. The Pandora and Off-Platform segment is ad-supported and premium music streaming, a podcast network, and advertising technology sold through SiriusXM Media and AdsWizz, and Sirius XM Holdings ended Q2 2026 with 33 million SiriusXM subscribers and 39.8 million Pandora monthly active users.

Two adjacent platforms are worth flagging. Roku (NASDAQ:ROKU) has a pending acquisition agreement with Fox that was announced in June, so Roku stock reflects deal terms rather than operations. LiveOne (NASDAQ:LVO) is the small-cap audio streaming and podcast operator at the other end of the market-capitalization spectrum, and LiveOne stock is not participating in today’s move either.

What to Watch Next The $45 target from Deutsche Bank ultimately rests on the subscriber and advertising trajectory Sirius XM reports in its next quarterly update. Consensus for the September quarter currently sits at revenue of $2.15 billion, and management has flagged Companion Plans, expanded dealer programs and the coming YouTube audio commercialization as the growth vectors it wants to be measured against.

Investors sizing their exposure to Sirius XM stock should weigh the leverage profile and the pace of self-pay net additions against the free cash flow rebound. Net leverage at 3.4 times adjusted EBITDA sits at the company’s long-term target range, and management has flagged share repurchases as an increasingly important use of excess cash flow. Those levers, combined with the raised free cash flow guide, are what the Deutsche Bank thesis appears to lean on.

Traders can watch for confirmation from additional research calls in the coming days, and the next scheduled catalyst is Sirius XM’s Q3 2026 earnings report. That release will show whether the operational stabilization from Q2 has carried into the second half and whether the $45 target holds up against fresh numbers.

Contact [email protected] for any questions or corrections.

, /PRNewswire/ -- SiriusXM (NASDAQ: SIRI) announced Zac Coughlin, Chief Financial Officer, will present on Wednesday, September 9, 2026 at 8:50 a.m. ET at the BofA Securities 2026 Media, Communications & Entertainment Conference in New York, New York. A webcast of the presentation will be available on the SiriusXM Investor Relations website at https://investor.siriusxm.com.

About Sirius XM Holdings Inc.
SiriusXM is the leading audio entertainment company in North America, with a portfolio of audio businesses including its flagship subscription entertainment service SiriusXM; the ad-supported and premium music streaming services of Pandora; an expansive podcast network; and a complete ecosystem of advertising solutions through SiriusXM Media and AdsWizz. SiriusXM offers live, on-demand, and human-curated programming across music, talk, news, sports, and podcasts, and the company reaches approximately 255 million monthly listeners across its platforms. With deep automotive manufacturer relationships and unique spectrum assets, SiriusXM is built to reach listeners wherever they are. The company connects fans to the voices, creators, and moments they love – creating communities where listeners engage, participate, and belong. For more about SiriusXM, please go to: www.siriusxm.com. 

Source: SiriusXM

Investor contact:
Jennifer DiGrazia
[email protected] 

Media contact:
Jenny Tartikoff
[email protected]  

SOURCE Sirius XM Holdings Inc.

Deutsche Bank AG increased its position in Sirius XM Holdings Inc. (NASDAQ:SIRI – Free Report) by 1,459.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 660,839 shares of the company’s stock after purchasing an additional 618,471 shares during the period. Deutsche Bank AG owned 0.20% of Sirius XM worth $19,521,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Sirius XM in the fourth quarter valued at approximately $622,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Sirius XM by 11.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 925,313 shares of the company’s stock worth $20,861,000 after acquiring an additional 92,111 shares during the last quarter. Focus Partners Wealth grew its position in shares of Sirius XM by 5.2% during the first quarter. Focus Partners Wealth now owns 16,273 shares of the company’s stock worth $367,000 after acquiring an additional 800 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Sirius XM by 36.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after acquiring an additional 493 shares during the period. Finally, Sivia Capital Partners LLC acquired a new position in shares of Sirius XM in the 2nd quarter valued at $208,000. 10.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets SIRI has been the subject of a number of recent research reports. Barrington Research increased their price target on shares of Sirius XM from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. lifted their price objective on shares of Sirius XM from $26.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Guggenheim reaffirmed a “buy” rating and issued a $35.00 target price (up from $34.00) on shares of Sirius XM in a report on Friday, July 31st. Rosenblatt Securities reiterated a “buy” rating and set a $45.00 target price on shares of Sirius XM in a research note on Tuesday, July 28th. Finally, Morgan Stanley raised their price target on Sirius XM from $24.00 to $28.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $30.92.

Check Out Our Latest Stock Report on Sirius XM Insider Buying and Selling In other news, insider Scott Andrew Greenstein sold 20,744 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $29.83, for a total transaction of $618,793.52. Following the completion of the transaction, the insider directly owned 20,163 shares of the company’s stock, valued at approximately $601,462.29. This represents a 50.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jonelle Procope sold 16,672 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $29.97, for a total value of $499,659.84. Following the completion of the sale, the director directly owned 18,354 shares of the company’s stock, valued at $550,069.38. This represents a 47.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.27% of the stock is currently owned by insiders.

Sirius XM Stock Performance Shares of SIRI opened at $28.69 on Friday. The stock has a market capitalization of $9.67 billion, a P/E ratio of 11.48, a P/E/G ratio of 0.62 and a beta of 0.95. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.46 and a current ratio of 0.46. Sirius XM Holdings Inc. has a 1 year low of $19.76 and a 1 year high of $32.66. The company’s fifty day moving average is $29.58 and its two-hundred day moving average is $26.23.

Sirius XM (NASDAQ:SIRI – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.08). Sirius XM had a net margin of 10.23% and a return on equity of 9.37%. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the firm earned $0.57 EPS. The firm’s revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts predict that Sirius XM Holdings Inc. will post 3.01 earnings per share for the current year.

Sirius XM Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Monday, August 10th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, August 10th. Sirius XM’s payout ratio is currently 43.20%.

About Sirius XM (Free Report)

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.

Further Reading Five stocks we like better than Sirius XM 2 Biotech Stocks Shaping Up for Major Breakouts 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?

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, /PRNewswire/ -- SiriusXM (NASDAQ: SIRI) announced Jennifer Witz, Chief Executive Officer, will present on Wednesday, September 9, 2026 at 4:25 p.m. PT at the Goldman Sachs Communacopia + Technology Conference in San Francisco, California. A webcast of the presentation will be available on the SiriusXM Investor Relations website at https://investor.siriusxm.com.

About Sirius XM Holdings Inc.
SiriusXM is the leading audio entertainment company in North America, with a portfolio of audio businesses including its flagship subscription entertainment service SiriusXM; the ad-supported and premium music streaming services of Pandora; an expansive podcast network; and a complete ecosystem of advertising solutions through SiriusXM Media and AdsWizz. SiriusXM offers live, on-demand, and human-curated programming across music, talk, news, sports, and podcasts, and the company reaches approximately 255 million monthly listeners across its platforms. With deep automotive manufacturer relationships and unique spectrum assets, SiriusXM is built to reach listeners wherever they are. The company connects fans to the voices, creators, and moments they love – creating communities where listeners engage, participate, and belong. For more about SiriusXM, please go to: www.siriusxm.com. 

Source: SiriusXM

Investor contact:
Jennifer DiGrazia
[email protected] 

Media contact:
Jenny Tartikoff
[email protected] 

SOURCE Sirius XM Holdings Inc.

Satellite communications, navigation, spectrum, and connectivity are becoming increasingly important drivers of the space economy. Among the top holdings of the Procure Space ETF (UFO), EchoStar (ECHO), Iridium Communications (IRDM), and Sirius XM Holdings (SIRI) have delivered particularly strong gains in 2026. The trio represents roughly 14% of UFO’s portfolio as of mid-August, with Sirius XM (SIRI) carrying the largest weighting of the three.

Key Takeaways Sirius XM, EchoStar, and Iridium together represent roughly 14% of UFO as of August 11. Iridium’s 164% YTD gain is closely tied to Rocket Lab’s agreement to acquire the company for approximately $8 billion. Sirius XM represents UFO’s fourth-largest holding at 5.17%, generating a 43.9% YTD gain through mid-August. Breaking Down UFO’s Satellite Communications Exposure UFO seeks to track the VettaFi Space Index (SPACE) and provides exposure to companies involved in the space industry. As of August 11, the ETF’s largest holdings included several companies involved in satellite communications, navigation, and related infrastructure. The fund has an expense ratio of 0.75% 

Sirius XM Holdings (SIRI) — 5.17% Sirius XM is UFO’s fourth-largest holding, behind Garmin (GRMN), Viasat (VSAT), and Trimble (TRMB). The stock has gained approximately 43.9% year to date, according to Yahoo Finance. 

Sirius XM is primarily an audio entertainment company rather than a conventional aerospace business. Its flagship SiriusXM service uses satellite infrastructure to deliver programming across North America, reaching approximately 255 million listeners and 33 million subscribers. That makes SIRI an example of how UFO’s mandate extends beyond pure-play hardware builders to businesses whose operations depend on space-based communications infrastructure. Its relatively large portfolio weighting makes the stock’s performance particularly relevant to UFO. 

See More: Top Investment Themes for Q2 2026: AI, Semis, South Korea, & Space

EchoStar (ECHO) — 4.04% EchoStar gained approximately 229% over the past year, making it one of the stronger-performing holdings in UFO. The stock represents 4.04% of the ETF. One of the company’s key developments has been the monetization of its wireless spectrum assets. On July 28, AT&T completed its approximately $23 billion acquisition of spectrum licenses from EchoStar, adding about 50 MHz of low- and mid-band spectrum to AT&T’s holdings.

EchoStar has also agreed to sell 65 MHz of spectrum to SpaceX for $19.6 billion. SpaceX plans to use the spectrum as it expands Starlink into mobile connectivity, including satellite-to-phone services. For UFO, EchoStar provides exposure to satellite communications, wireless spectrum, and the broader development of satellite-based connectivity.

Iridium Communications (IRDM) — 3.48% Iridium gained approximately 164% YTD through July 28. Rocket Lab’s agreement to acquire the satellite communications company for approximately $8 billion drove much of the stock’s strong gain.

The deal combines Rocket Lab’s launch and satellite manufacturing capabilities with Iridium’s global satellite network and spectrum assets, giving Rocket Lab a larger presence across the satellite communications market.

The acquisition also adds another dimension to UFO’s exposure to the space economy. Rather than relying solely on launch providers, the ETF also holds companies operating the communications infrastructure that supports commercial and government activity in space.

Investing Across the Broader Space Economy  For UFO, the key takeaway is that its exposure extends well beyond SpaceX. The ETF provides broader exposure to the space economy, including satellite communications, connectivity, navigation, and space infrastructure. Companies such as Iridium, EchoStar, and Sirius XM illustrate this broader approach, offering exposure to established communications businesses alongside higher-growth space companies. This diversification could reduce UFO’s dependence on any single company and make the ETF a broader way to participate in the continued commercialization of space. 

For more news, information, and analysis visit the Thematic Investing Content Hub. 

VettaFi LLC (“VettaFi”) is the index provider for UFO , for which it receives an index licensing fee. However, UFO is not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of UFO. 

Posted by Defense World Staff on Aug 10th, 2026

Sirius XM Holdings Inc. (NASDAQ:SIRI – Get Free Report) Director Jonelle Procope sold 16,672 shares of the 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 completion of the transaction, the director owned 18,354 shares of the company’s stock, valued at approximately $550,069.38. This represents a 47.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sirius XM Price Performance Shares of Sirius XM stock opened at $29.91 on Monday. 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 firm’s 50-day simple moving average is $29.44 and its 200-day simple moving average is $25.70. Sirius XM Holdings Inc. has a twelve month low of $19.76 and a twelve month high of $32.66. The firm has a market cap of $10.08 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 0.65 and a beta of 0.95.

Sirius XM (NASDAQ:SIRI – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.08). The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. Sirius XM had a net margin of 10.23% and a return on equity of 9.37%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 EPS. As a group, research analysts expect that Sirius XM Holdings Inc. will post 3.01 EPS for the current fiscal year.

Sirius XM Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 10th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.6%. Sirius XM’s dividend payout ratio is presently 43.20%.

Analyst Upgrades and Downgrades Several analysts recently commented on the company. Weiss Ratings raised Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Wells Fargo & Company increased their price objective on Sirius XM from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Rosenblatt Securities reissued a “buy” rating and set a $45.00 price objective on shares of Sirius XM in a report on Tuesday, July 28th. JPMorgan Chase & Co. boosted their target price on shares of Sirius XM from $26.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Finally, Bank of America reiterated an “underperform” rating on shares of Sirius XM in a research report on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.92.

Check Out Our Latest Stock Report on SIRI

Hedge Funds Weigh In On Sirius XM A number of institutional investors have recently modified their holdings of SIRI. Fifth Third Bancorp acquired a new position in Sirius XM during the 1st quarter worth $1,243,000. Aspen Grove Capital LLC acquired a new stake in shares of Sirius XM in the 1st quarter valued at $2,277,000. Brighton Jones LLC bought a new stake in shares of Sirius XM during the fourth quarter worth $622,000. Dimensional Fund Advisors LP lifted its stake in shares of Sirius XM by 262.1% during the first quarter. Dimensional Fund Advisors LP now owns 6,301,181 shares of the company’s stock valued at $145,426,000 after acquiring an additional 4,560,821 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Sirius XM by 7.8% during the first quarter. Bank of New York Mellon Corp now owns 2,177,761 shares of the company’s stock valued at $50,263,000 after acquiring an additional 157,860 shares during the period. 10.69% of the stock is owned by institutional investors.

About Sirius XM (Get Free Report)

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.

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Key Takeaways Sirius XM's Q2 earnings rose 22.8% YoY to 70 cents per share, while revenues increased 1% to $2.16 billion.Advertising revenues grew 5.1% as podcasting and programmatic demand supported Sirius XM's sales.Sirius XM raised 2026 revenue, adjusted EBITDA and free cash flow guidance by $25 million each. Sirius XM Holdings (SIRI - Free Report) reported second-quarter 2026 earnings of 70 cents per share, up 22.8% from 57 cents a year ago. However, the figure missed the Zacks Consensus Estimate of 78 cents by 10.26%.

The company reported total revenues of $2.16 billion, up 1.0% from $2.14 billion in the year-ago quarter and beat the Zacks Consensus Estimate of $2.14 billion by 0.91%. Higher subscription and continued advertising momentum, particularly in podcasting and programmatic advertising, drove the revenue increase, while self-pay churn improved to a record-low 1.4%.

SIRI's Q2 Revenue Mix Shows Broad-Based GrowthSubscriber revenues, representing 75.8% of total revenues, increased 0.6% year over year to $1.64 billion. The improvement reflected pricing actions and better subscriber trends.

Advertising revenues rose 5.1% to $454 million, supported by podcasting, programmatic advertising, technology fees and premium live sports.

Equipment revenues declined 21.7% to $36 million, while other revenues increased 3.2% to $32 million.

Sirius XM’s Subscriber Trends Improve in Q2In the second quarter, the SiriusXM segment generated revenues of $1.62 billion, relatively unchanged year over year.

Subscriber revenues rose 1% to $1.51 billion as average revenue per user increased 1% to $15.32, benefiting from February pricing actions.

Self-pay subscribers increased by 22,000 during the quarter, an improvement of 90,000 from the year-ago period. Companion subscriptions contributed 123,000 incremental net additions, while continuous service and extended-duration automotive plans also supported performance.

Sirius XM ended the quarter with approximately 33 million total subscribers, broadly stable year over year while improving sequentially.

SIRI's Advertising Business Gains MomentumIn the second quarter, Pandora and Off-Platform revenues increased 4% year over year to $543 million. Advertising revenues advanced 5% to $413 million, driven by strength in podcasting, programmatic demand and technology fees, partly offset by weaker streaming music advertising.

Subscriber revenues were relatively flat at $130 million. Pandora Plus and Pandora Premium ended the quarter with approximately 5.6 million self-pay subscribers, while monthly active users totaled 39.8 million. Segment gross profit increased 6% to $163 million, and gross margin expanded one percentage point to 30%.

Ad-supported listener hours were 2.35 billion, down 9% from 2.58 billion in the year-ago quarter. Advertising revenue per thousand listener hours increased 2% year over year to $87.67.

Sirius XM Expands Margins Through Cost ControlIn the second quarter, adjusted EBITDA increased 3.4% year over year to $691 million. The adjusted EBITDA margin expanded 80 basis points to 32%, aided by higher revenues and disciplined expense management, including lower programming, legal and personnel-related costs.

Reported operating expenses declined 4.8% to $1.69 billion, primarily because impairment, restructuring and other costs fell to $6 million from $107 million. However, depreciation and amortization increased 36.4% to $165 million. Other expense was $48 million against other income of $15 million a year earlier, weighing on reported earnings.

Balance Sheet & Cash Flow of SIRIAs of June 30, 2026, cash and cash equivalents were $174 million compared with $94 million as of Dec. 31, 2025.

Long-term debt as of June 30, 2026, was $9.45 billion compared with $8.65 billion as of Dec. 31, 2025. Total debt declined to $9.46 billion from $9.72 billion over the same period.

During the quarter, Sirius XM retired the remaining Delayed Draw Incremental Term Loan. The company also returned $97 million to its shareholders through $91 million in dividends and $6 million in share repurchases. It ended the quarter with a net debt-to-adjusted EBITDA ratio of 3.4 times.

In the second quarter, cash flow from operations was $722 million compared with $546 million in the year-ago quarter.

Free cash flow totaled $593 million in the second quarter, up 48% from $402 million in the prior-year period, driven by higher adjusted EBITDA, lower cash taxes and favorable timing of vendor payments and capital expenditures.

SIRI Raises Its 2026 Financial OutlookSirius XM raised its 2026 revenue guidance by $25 million to approximately $8.53 billion. The company also increased its adjusted EBITDA forecast by $25 million to approximately $2.63 billion.

Free cash flow guidance lifted by the same amount ($25 million) to approximately $1.38 billion. The increases reflect management’s confidence in first-half execution, improving subscriber trends and continued cost discipline. Sirius XM remains on pace to generate $100 million in incremental gross cost savings during 2026.

SIRI’s Zacks Rank & Stocks to ConsiderSIRI currently carries a Zacks Rank #3 (Hold).

Take-Two Interactive (TTWO - Free Report) , Fox Corporation (FOXA - Free Report) and Versant Media Group, Inc. (VSNT - Free Report) are some better-ranked stocks worth considering within the broader Consumer Discretionary sector. Take-Two Interactive currently sports a Zacks Rank #1 (Strong Buy), while Fox Corp and Versant Media Group carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.

Take-Two Interactive shares have gained 11.5% in the past six months. TTWO is set to report its first-quarter fiscal 2027 results on Aug. 7.

Fox Corp shares have fallen 18.7% in the past six months. FOXA is set to report its fourth-quarter fiscal 2026 results on Aug. 6.

Versant Media Group shares have returned 10.5% in the past six months. VSNT is set to report its second-quarter 2026 results on Aug. 6.

Shares of Sirius XM (SIRI -4.39%) opened sharply lower on Thursday after posting mixed quarterly results.

The country's only satellite radio provider was in a good groove before this week's financial stumble. Sirius XM was rallying, soaring 63% this year through Wednesday's close. After six consecutive years of declining stock prices -- a brutal 72% belly flop over that time -- it seemed as if investors were finally starting to warm up to the creature comforts of a cash cow media business.

It was easy to make sense of the swoon as we headed into 2020. For a subscription service primarily consumed in cars, the COVID-19 lockdown was brutal. Folks weren't driving to work, school, or social activities. Nixing a monthly Sirius XM subscription was an easy way to pay for a sourdough starter, a Zoom room makeover, or home fitness gear.

This year's rebound also adds up. Revenue was turning marginally positive after three years of modest annual declines. The business was showing signs of bottoming out, and the chunky dividend was comfort food for income investors.

Let's take a quick look at Thursday morning's report before turning the radio knob to what it means for investors going forward.

Image source: Getty Images.

June bugs Sirius XM's second quarter was disappointing -- judging by the stock's 8% drop at the market open on Thursday -- but the mixed performance might seem obvious right away. Revenue rose a mere 1% to $2.16 billion for the three months ending in June compared to last year's showing. Net income climbed 17% to $239 million, up 23% on a per-share basis to $0.70 (outpacing the actual earnings on a per-share basis because of Sirius XM's perpetual share buybacks). Free cash flow for the quarter jumped 48% to $593 million.

At first glance, this report may seem like a mullet -- short on the top but long the way down. In reality, it's the other way around, given market expectations. Analysts were targeting just $2.14 billion in revenue, so the performance was a top-line beat. Those same analysts were expecting a profit of $0.78 per share, resulting in a bottom-line miss.

The report wasn't as bad as the initial market reaction might suggest. Like many rallying stocks -- a rare place for Sirius XM to be in the first place, after years of its cascading stock chart -- it's just a matter of heightened expectations for a stock with an eightfold lead over the general market's 8% increase in 2026.

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Reasons to be hopeful The second quarter wasn't a textbook beat, but it was a classic raise. Sirius XM boosted its full-year guidance to $8.525 billion in revenue; $2.625 billion in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA); and $1.375 billion in free cash flow. It's a $25 million uptick on all three fronts.

An observant naysayer may point out that after back-to-back quarters of marginal revenue improvement, $8.525 billion is less than the $8.56 billion it posted in 2025. Its adjusted EBITDA target is also just shy of the $2.67 billion it delivered last year. Free cash flow will improve from the $1.26 billion it generated in 2025, but it resets some turnaround expectations and timelines.

Sirius XM remains a cheap, high-yielding stock. It's trading for 13 times trailing earnings. Analysts will likely nudge their forward profit targets lower, but that growth should still be positive. The current dividend of 3.3% isn't as attractive as it was at the start of the year, when it was just above 5%, given the much lower stock price, but it's still a solid rate. The payout ratio is low enough to give Sirius XM room to maintain its cadence of annual distribution hikes.

Unlike many media stocks that seem to continue their downward spiral, SiriusXM is holding its ground in terms of subscribers. Despite a challenging environment of rising fuel prices and growing audio alternatives in the era of the connected car, Sirius XM has established a core base of roughly 33 million subscribers. Like Sirius XM star Howard Stern, the platform is still making waves and drawing crowds. The turnaround may take a bit longer than expected, but there is no setback in the recovery process.

Sirius XM Holdings Inc. remains a Buy, with stable growth, expanding margins, and a loyal subscriber base supporting long-term value. SIRI raised 2026 guidance for revenue, EBITDA, and free cash flow, targeting $1.275B FCF on $8.525B revenue and $1.5B FCF by 2027. Declining cap-ex and cost discipline drive margin expansion and free cash flow, enabling future buybacks and enhanced capital returns.

For the quarter ended June 2026, Sirius XM (SIRI - Free Report) reported revenue of $2.16 billion, up 1% over the same period last year. EPS came in at $0.70, compared to $0.57 in the year-ago quarter.

The reported revenue represents a surprise of +0.91% over the Zacks Consensus Estimate of $2.14 billion. With the consensus EPS estimate being $0.78, the EPS surprise was -10.26%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Sirius XM performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Subscribers - Sirius XM - Self-pay subscribers: 31,255 versus 31,135 estimated by three analysts on average.Subscribers - Sirius XM - Ending subscribers: 32,869 compared to the 32,736 average estimate based on three analysts.Subscribers - Net additions - Sirius XM - Self-pay subscribers: 22 versus the three-analyst average estimate of -99.ARPU - Sirius XM: $15.32 compared to the $15.23 average estimate based on two analysts.Revenue- Advertising revenue: $454 million compared to the $438.92 million average estimate based on three analysts. The reported number represents a change of +5.1% year over year.Revenue- Equipment revenue: $36 million versus $46.06 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -21.7% change.Revenue- Other revenue: $32 million versus the three-analyst average estimate of $29.67 million. The reported number represents a year-over-year change of +3.2%.Revenue- Pandora and Off-platform- Advertising revenue: $413 million versus the three-analyst average estimate of $402.21 million. The reported number represents a year-over-year change of +4.8%.Revenue- Sirius XM- Subscriber revenue: $1.51 billion compared to the $1.5 billion average estimate based on three analysts. The reported number represents a change of +0.6% year over year.Revenue- Subscriber revenue: $1.64 billion compared to the $1.63 billion average estimate based on three analysts. The reported number represents a change of +0.6% year over year.Revenue- Pandora and Off-platform- Subscriber revenue: $130 million versus the three-analyst average estimate of $129.9 million. The reported number represents a year-over-year change of 0%.Revenue- Sirius XM- Equipment revenue: $36 million versus $45.09 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -21.7% change.View all Key Company Metrics for Sirius XM here>>>

Shares of Sirius XM have returned +8.8% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Wall Street analysts forecast that Sirius XM (SIRI - Free Report) will report quarterly earnings of $0.78 per share in its upcoming release, pointing to a year-over-year increase of 36.8%. It is anticipated that revenues will amount to $2.14 billion, exhibiting an increase of 0.1% compared to the year-ago quarter.

Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.

That said, let's delve into the average estimates of some Sirius XM metrics that Wall Street analysts commonly model and monitor.

The collective assessment of analysts points to an estimated 'Revenue- Advertising revenue' of $438.92 million. The estimate indicates a year-over-year change of +1.6%.

Analysts' assessment points toward 'Revenue- Equipment revenue' reaching $46.06 million. The estimate indicates a year-over-year change of +0.1%.

According to the collective judgment of analysts, 'Revenue- Other revenue' should come in at $29.67 million. The estimate indicates a year-over-year change of -4.3%.

Analysts expect 'Revenue- Pandora and Off-platform- Advertising revenue' to come in at $402.21 million. The estimate indicates a change of +2.1% from the prior-year quarter.

The average prediction of analysts places 'Revenue- Sirius XM- Subscriber revenue' at $1.50 billion. The estimate indicates a year-over-year change of -0.2%.

The combined assessment of analysts suggests that 'Revenue- Subscriber revenue' will likely reach $1.63 billion. The estimate indicates a year-over-year change of -0.2%.

It is projected by analysts that the 'Revenue- Pandora and Off-platform- Subscriber revenue' will reach $129.90 million. The estimate indicates a year-over-year change of -0.1%.

The consensus estimate for 'Subscribers - Sirius XM - Self-pay subscribers' stands at 31,135 . Compared to the present estimate, the company reported 31,275 in the same quarter last year.

Analysts predict that the 'Subscribers - Sirius XM - Ending subscribers' will reach 32,736 . The estimate is in contrast to the year-ago figure of 32,797 .

Analysts forecast 'Subscribers - Pandora and Off-platform - Ending subscribers' to reach 5,585 . The estimate compares to the year-ago value of 5,706 .

The consensus among analysts is that 'ARPU - Sirius XM' will reach $15.23 . Compared to the current estimate, the company reported $15.22 in the same quarter of the previous year.

Based on the collective assessment of analysts, 'Subscribers - Sirius XM - Paid promotional subscribers' should arrive at 1,629 . The estimate compares to the year-ago value of 1,522 .

View all Key Company Metrics for Sirius XM here>>>

Shares of Sirius XM have demonstrated returns of +6.8% over the past month compared to the Zacks S&P 500 composite's +1.7% change. With a Zacks Rank #3 (Hold), SIRI is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Posted by Defense World Staff on Jul 27th, 2026

Gabelli Funds LLC trimmed its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI – Free Report) by 15.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 452,758 shares of the company’s stock after selling 82,124 shares during the period. Gabelli Funds LLC owned approximately 0.13% of Sirius XM worth $10,450,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SIRI. Root Financial Partners LLC lifted its holdings in Sirius XM by 612.8% during the 1st quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock worth $32,000 after buying an additional 1,195 shares in the last quarter. Rossby Financial LCC boosted its position in Sirius XM by 57.7% in the 4th quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock valued at $32,000 after buying an additional 593 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Sirius XM by 36.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after acquiring an additional 493 shares in the last quarter. Jessup Wealth Management Inc purchased a new stake in shares of Sirius XM during the fourth quarter worth $40,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Sirius XM during the fourth quarter worth $40,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sirius XM In other Sirius XM news, insider Scott Andrew Greenstein sold 20,744 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total value of $618,793.52. Following the completion of the transaction, the insider owned 20,163 shares in the company, valued at $601,462.29. This represents a 50.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.27% of the stock is owned by corporate insiders.

Sirius XM Price Performance Shares of NASDAQ:SIRI opened at $29.80 on Monday. The company has a market capitalization of $10.03 billion, a PE ratio of 12.57, a P/E/G ratio of 0.64 and a beta of 0.95. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.83. Sirius XM Holdings Inc. has a twelve month low of $19.76 and a twelve month high of $31.42. The firm has a 50 day simple moving average of $28.98 and a 200-day simple moving average of $25.01.

Sirius XM (NASDAQ:SIRI – Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.59 EPS. On average, equities analysts predict that Sirius XM Holdings Inc. will post 3.1 EPS for the current fiscal year.

Sirius XM Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Monday, August 10th will be given a $0.27 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 3.6%. Sirius XM’s payout ratio is 45.57%.

Analyst Ratings Changes Several equities research analysts have weighed in on SIRI shares. Barrington Research upped their price target on Sirius XM from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Citigroup reiterated a “sell” rating and issued a $22.00 price objective (up from $19.00) on shares of Sirius XM in a research note on Monday, May 4th. Guggenheim reissued a “buy” rating on shares of Sirius XM in a research report on Wednesday, June 17th. JPMorgan Chase & Co. upped their target price on shares of Sirius XM from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, Morgan Stanley raised their target price on shares of Sirius XM from $24.00 to $28.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $28.00.

Read Our Latest Stock Report on SIRI

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

Positive Sentiment: Sirius XM announced a new 24/7 WWE radio channel, replacing its current pro wrestling programming and expanding its sports/entertainment lineup ahead of SummerSlam. WWE partnering with SiriusXM to launch ‘WWE Radio’ Positive Sentiment: The WWE partnership could help Sirius XM attract and retain subscribers by adding a popular, year-round fan channel and strengthening its exclusive content strategy. SiriusXM to launch 24/7 WWE Radio station Positive Sentiment: Analysts are noting that Sirius XM enters its upcoming earnings report with the potential for an earnings beat, which can support sentiment if management confirms improving fundamentals. Sirius XM (SIRI) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release Positive Sentiment: Management also announced a quarterly dividend of $0.27 per share, reinforcing Sirius XM’s appeal to income-focused investors. Neutral Sentiment: Additional coverage highlighted Sirius XM’s move to pick up two Pittsburgh radio stations, but the immediate stock impact is less clear than the WWE announcement. SiriusXM picking up 2 Pittsburgh radio stations Neutral Sentiment: Morgan Stanley also reportedly sees strong price appreciation potential for SIRI, adding to the bullish analyst backdrop. Morgan Stanley Forecasts Strong Price Appreciation for Sirius XM (NASDAQ:SIRI) Stock About Sirius XM (Free Report)

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.

Recommended Stories Five stocks we like better than Sirius XM RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade? These 4 Earnings Reports Expose the Market’s Growing Economic Divide Broadcom May Be the Biggest Winner From Alphabet’s Earnings Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit Want to see what other hedge funds are holding SIRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sirius XM Holdings Inc. (NASDAQ:SIRI – Free Report).

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The market expects Sirius XM (SIRI - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis satellite radio company is expected to post quarterly earnings of $0.78 per share in its upcoming report, which represents a year-over-year change of +36.8%.

Revenues are expected to be $2.14 billion, up 0.1% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Sirius XM?For Sirius XM, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.56%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Sirius XM will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Sirius XM would post earnings of $0.7 per share when it actually produced earnings of $0.72, delivering a surprise of +2.86%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Sirius XM appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Sirius XM (SIRI - Free Report) . This company, which is in the Zacks Broadcast Radio and Television industry, shows potential for another earnings beat.

This satellite radio company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 5.97%.

For the most recent quarter, Sirius XM was expected to post earnings of $0.7 per share, but it reported $0.72 per share instead, representing a surprise of 2.86%. For the previous quarter, the consensus estimate was $0.77 per share, while it actually produced $0.84 per share, a surprise of 9.09%.

Price and EPS Surprise

For Sirius XM, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Sirius XM has an Earnings ESP of +3.62% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on July 30, 2026.

With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.

Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.