Want to see SIRI full AI Analyst Report?
Top Page
Sirius XM Holdings
(NASDAQ:SIRI)
Select Model
Select Model
Rating:69Neutral
Price Target:
$28.00
▼(-2.54% Downside)
Action:Downgraded
Date:08/18/26
The score is driven primarily by strong cash generation and improving profitability (financial performance), reinforced by raised 2026 guidance and solid operating momentum from the latest earnings call. Valuation adds support through a low P/E and solid dividend yield. The main offset is weak near-term technical momentum, with price below key short-term moving averages and bearish indicator readings.
Positive Factors
Strong Cash Generation
TTM cash generation provides meaningful internal funding for content, platform investment, debt reduction and shareholder returns. Its persistence through the 2024 net-loss year indicates resilience, although cash conversion is not perfect.
Negative Factors
Uneven Profitability History
Although recent profitability has rebounded, the 2024 loss and operating loss show earnings are not consistently stable. Margins also remain below 2021–2023 peaks, leaving less cushion if execution or revenue trends weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
TTM cash generation provides meaningful internal funding for content, platform investment, debt reduction and shareholder returns. Its persistence through the 2024 net-loss year indicates resilience, although cash conversion is not perfect.
Read all positive factors
Sirius XM Holdings Key Performance Indicators (KPIs)
Any
Monthly Active Users
Shows the number of unique users engaging with the platform each month, indicating user base size, platform popularity, and potential for subscription and ad revenue.
Shows the number of unique users engaging with the platform each month, indicating user base size, platform popularity, and potential for subscription and ad revenue.
Data provided by:
The Fly
The FlySirius XM Holdings (SIRI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$8.67B
Dividend Yield4.2%
Average Volume (3M)3.93M
Price to Earnings (P/E)9.9
Beta (1Y)1.08
Revenue Growth0.44%
EPS GrowthN/A
CountryUS
Employees5,119
SectorCommunication Services
Sector Strength97
IndustryBroadcasting
Share Statistics
EPS (TTM)2.61
Shares Outstanding337,066,900
10 Day Avg. Volume4,968,111
30 Day Avg. Volume3,933,690
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)0.58
Price to Sales (P/S)0.79
P/FCF Ratio5.43
Enterprise Value/Market Cap2.24
Enterprise Value/Revenue2.25
Enterprise Value/Gross Profit4.88
Enterprise Value/Ebitda8.47
Forecast
1Y Price Target
$33.78Price Target Upside17.57% Upside
Rating ConsensusHold
Number of Analyst Covering10
EPS Forecast (FY)2.98
Revenue Forecast (FY)$8.59B
Sirius XM Holdings Business Overview & Revenue Model
Company Description
Sirius XM Holdings Inc. operates as an audio entertainment company in North America. It operates through two segments, Sirius XM, and Pandora and Off-platform. The Sirius XM segment provides music, sports, entertainment, comedy, and talk and news ...
How the Company Makes Money
Sirius XM primarily makes money by charging subscription fees for access to SiriusXM audio programming. The core revenue stream is subscriber revenue from self-pay customers and promotional/paid trials that commonly originate through new and used ...
Sirius XM Holdings Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Positive
Overall the call emphasized strong underlying financial and operating momentum — modest revenue growth, margin expansion, record-low churn, meaningful free cash flow improvement, and advertising/podcast acceleration — while acknowledging measurable near-term headwinds from higher memory costs, a decline in equipment revenue, and anticipated moderation in net subscriber additions as promotional activity is curtailed and continuous service anniversaries normalize. Management raised full-year guidance and reached leverage targets, signaling confidence despite the identified execution and market risks.Positive Updates
Return to Positive Net Subscriber Adds
Self-pay net additions of 22,000 in Q2 (best Q2 in 4 years), an improvement of ~90,000 versus prior year; continuous service and companion plans contributed meaningfully.
Negative Updates
Equipment Revenue and Memory Cost Pressure
Equipment revenue declined 22% year-over-year to $36 million, driven by higher memory costs in hardware modules; memory cost increases have risen multiple times this year and are expected to pressure H2 margins.
Read all updates
Q2-2026 Updates
Positive
Negative
Return to Positive Net Subscriber Adds
Self-pay net additions of 22,000 in Q2 (best Q2 in 4 years), an improvement of ~90,000 versus prior year; continuous service and companion plans contributed meaningfully.
Read all positive updates
Company Guidance
SiriusXM raised full‑year 2026 guidance by $25 million each for revenue, adjusted EBITDA and free cash flow, now targeting roughly $8.525 billion of revenue, $2.625 billion of adjusted EBITDA and $1.375 billion of free cash flow, reflecting strong Q2 fundamentals: consolidated revenue of nearly $2.2 billion (+1% YoY), subscription revenue of $1.6 billion (+1%), advertising revenue of $454 million (+5%), adjusted EBITDA of $691 million (+3%) and a 32% margin (+100 bps), net income of $239 million (+17%) and diluted EPS of $0.70 (+23%), and free cash flow of $593 million (+48%). Operational traction included 22,000 self‑pay net adds (companion plans contributed ~123,000 incremental adds), ARPU of $15.32 (+1%), record low self‑pay churn of ~1.4%, sports streaming +14% YoY, podcasting revenue +30%, personalized artist station listening +50% YoY, OEM 360L listeners averaging ~24 hours/month (app streamers >2x), and commitments to >400 live events/2,000+ hours of original programming; capex in Q2 was $130 million (non‑satellite capex expected $400–415M), the company reduced debt by $292 million, returned ~$97 million to shareholders, finished the quarter at 3.4x net leverage with ~$996 million remaining repurchase authorization, and has captured $74 million of a $100 million cost‑savings target — all while absorbing higher memory costs factored into the outlook.Sirius XM Holdings Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.60B | 8.56B | 8.70B | 8.95B | 9.00B | 8.70B |
| Gross Profit | 3.97B | 4.03B | 4.20B | 4.38B | 4.52B | 4.40B |
| EBITDA | 2.29B | 2.10B | -747.00M | 2.54B | 2.61B | 2.52B |
| Net Income | 880.00M | 805.00M | -1.67B | 1.26B | 1.21B | 1.31B |
Balance Sheet | ||||||
| Total Assets | 27.18B | 27.24B | 27.52B | 30.06B | 10.02B | 10.27B |
| Cash, Cash Equivalents and Short-Term Investments | 174.00M | 94.00M | 162.00M | 306.00M | 57.00M | 191.00M |
| Total Debt | 9.46B | 9.71B | 10.42B | 11.49B | 9.82B | 9.24B |
| Total Liabilities | 15.28B | 15.67B | 16.45B | 16.95B | 13.37B | 12.90B |
| Stockholders Equity | 11.91B | 11.56B | 11.07B | 10.08B | -3.35B | -2.63B |
Cash Flow | ||||||
| Free Cash Flow | 1.55B | 1.25B | 1.01B | 1.18B | 1.55B | 1.61B |
| Operating Cash Flow | 2.10B | 1.90B | 1.74B | 1.83B | 1.98B | 2.00B |
| Investing Cash Flow | -675.00M | -747.00M | -970.00M | -696.00M | -548.00M | -200.00M |
| Financing Cash Flow | -1.35B | -1.22B | -916.00M | -1.19B | -1.56B | -1.68B |
Sirius XM Holdings Technical Analysis
Negative
28.73
Price Trends
28.53
Negative
28.50
Negative
25.27
Positive
Market Momentum
-0.86
Positive
32.79
Neutral
14.93
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SIRI, the sentiment is Negative. The current price of 28.73 is above the 20-day moving average (MA) of 27.43, above the 50-day MA of 28.53, and above the 200-day MA of 25.27, indicating a neutral trend. The MACD of -0.86 indicates Positive momentum. The RSI at 32.79 is Neutral, neither overbought nor oversold. The STOCH value of 14.93 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SIRI.
Sirius XM Holdings Risk Analysis
Sirius XM Holdings disclosed 50 risk factors in its most recent earnings report. Sirius XM Holdings reported the most risks in the "Ability to Sell" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Sirius XM Holdings Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $8.67B | 9.85 | 7.53% | 4.20% | 0.44% | ― | |
65 Neutral | $172.67M | 14,550.00 | 0.06% | 11.34% | 24.86% | 98.15% | |
64 Neutral | $681.09M | 184.50 | 6.98% | 2.71% | 71.38% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
51 Neutral | $945.64M | -6.77 | -9.15% | ― | ― | ― | |
46 Neutral | $82.95M | -1.59 | 94.89% | 17.58% | -4.89% | -226.50% | |
45 Neutral | $343.74M | -1.06 | 15.12% | ― | 3.06% | 24.95% |
* Communication Services Sector Average
SIRI
Sirius XM Holdings
25.72
3.97
18.23%
EVC
Entravision
7.38
5.25
245.99%
TSQ
Townsquare Media
4.55
-1.15
-20.13%
IHRT
iHeartMedia
1.94
-1.25
-39.18%
FUBO
fuboTV
8.66
-38.38
-81.59%
CURI
CuriosityStream
2.91
-1.80
-38.19%
Sirius XM Holdings Corporate Events
Business Operations and StrategyFinancial Disclosures
Sirius XM Lifts Outlook After Strong Second Quarter
Positive
Jul 30, 2026
On July 30, 2026, Sirius XM Holdings reported solid second-quarter 2026 performance, with consolidated revenue up 1% year-over-year to $2.16 billion and net income rising 17% to $239 million. Adjusted EBITDA increased 3% to $691 million and free c...
Business Operations and StrategyExecutive/Board Changes
Sirius XM COO Wayne Thorsen Departs Amid Restructuring
Negative
Jul 30, 2026
On July 30, 2026, Sirius XM Holdings Inc. reported that Executive Vice President and Chief Operating Officer Wayne D. Thorsen would leave the company as an employee effective July 31, 2026. The company stated there were no disagreements with Thors...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.