Analyst Consensus ?
ConsensusHold33 ratings
Bullish2163.6%
Neutral824.3%
Bearish412.1%
Sirius XM Holdings Inc. · SIRI · FY2026 Q1 · Calendar Q2 2026
Sirius XM Q1: churn improves as guidance holds
Sirius XM's Q1 showed signs of resilient operating demand: subscriber metrics improved, advertising grew, and profitability and free cash flow strengthened. The investment case still depends on converting these gains into durable growth while managing leverage, vehicle-market exposure and the economics of new initiatives.
Reported Before market openNASDAQCommunication Services
$10.36B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.72
Consensus $0.70
EPS surprise
+2.9%
Reported versus consensus
Reported revenue
$2.09B
Consensus $2.07B
Revenue surprise
+1.0%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+0.7%
Event window
SPY move
+1.0%
Same window
Abnormal move
-0.3%
Stock minus SPY
Volume
1.5×
Versus trailing sessions
Subsequent drift
+9.6%
Up to 20 sessions
SIRISPY benchmark
Ask FN2 about SIRI FY2026 Q1
Transcript, numbers and history already loaded
Why did SIRI rise 0.7% after beating EPS estimates in FY2026 Q1?What changed in SIRI's guidance and outlook in FY2026 Q1?Give me the bull and bear case for SIRI after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management reported positive subscriber net additions, ARPU of $14.99 and record-low 1.5% churn. The quarter also added a YouTube audio-inventory partnership and continued work on spectrum monetization; full-year guidance was reaffirmed.
Guidance delta
No change indicated: management maintained full-year guidance, with continued emphasis on balance-sheet management and cost savings.
Key takeaways
- Revenue rose 1% to $2.09 billion and adjusted EBITDA rose 6% to $666 million.
- Subscriber net additions turned positive; ARPU rose to $14.99 and churn remained at a record-low 1.5%.
- Podcast advertising rose 37%; management said $45 million of the $100 million cost-savings goal had been captured.
Management priorities
- Develop advertising through the YouTube audio partnership and programmatic channels.
- Expand 360L and companion subscriptions while pursuing potential spectrum monetization.
- Continue cost savings and balance-sheet discipline, including the stated low-to-mid-3x leverage target.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$33.19Current
$4.4Low
$24.42Average
$47High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 4, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Oct 30, 2026 |
| Rosenblatt | Buy | Buy | Maintain | Oct 30, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Oct 30, 2026 |
| StoneX | Buy | Buy | Maintain | Oct 28, 2026 |
| Guggenheim | Buy | Buy | Maintain | Sep 18, 2026 |
| Deutsche Bank | Buy | Hold | Upgrade | Sep 2, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Jul 31, 2026 |
| Citigroup | Sell | Sell | Maintain | Jul 31, 2026 |
| Morgan Stanley | Underweight | Underweight | Maintain | Jul 21, 2026 |
| Barrington Research | Outperform | Outperform | Maintain | May 4, 2026 |
| Seaport Global | Neutral | Buy | Downgrade | Feb 6, 2026 |
| Benchmark | Buy | Buy | Maintain | Oct 31, 2025 |
| Goldman Sachs | Neutral | Neutral | Maintain | Nov 4, 2024 |
| Pivotal Research | Buy | Buy | Maintain | Nov 1, 2024 |
| Credit Suisse | Neutral | Neutral | Maintain | Feb 3, 2023 |
| Barclays | Underweight | Equal Weight | Downgrade | Nov 19, 2021 |
| RBC Capital | Outperform | Sector Perform | Upgrade | Oct 27, 2020 |
| B. Riley Securities | Buy | Buy | Maintain | Apr 30, 2020 |
| B. Riley FBR | Buy | Buy | Maintain | Apr 30, 2020 |
| Buckingham Research | Buy | Neutral | Upgrade | Jan 28, 2019 |
| Buckingham | Buy | Neutral | Upgrade | Jan 28, 2019 |
| Bank of America | Buy | Buy | Maintain | Oct 12, 2017 |
| B of A Securities | Buy | Buy | Maintain | Oct 12, 2017 |
| Wunderlich Securities | Hold | Buy | Downgrade | Mar 16, 2017 |
| Wunderlich | Hold | Buy | Downgrade | Mar 16, 2017 |
| Macquarie | Outperform | Outperform | Maintain | Jan 5, 2016 |
| Evercore Partners | Overweight | Equal Weight | Upgrade | Jan 3, 2014 |
| PiperJaffray | Overweight | Overweight | Maintain | Sep 26, 2013 |
| Piper Sandler | Overweight | Overweight | Maintain | Sep 26, 2013 |
| Janco Partners | Strong Buy | Strong Buy | Maintain | Jul 26, 2013 |
| ISI Group | Buy | Buy | Maintain | Dec 5, 2012 |
| Gabelli & Co. | Sell | Hold | Downgrade | Sep 11, 2012 |
| Miller Tabak | Buy | Neutral | Upgrade | May 18, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $33.19. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Rosenblatt Securities | Barton Crockett | $47 | $28.67 | +41.6% | Oct 30, 2026 |
| Goldman Sachs | Brett Feldman | $33 | $28.67 | -0.6% | Oct 30, 2026 |
| Guggenheim | Curry Baker | $37 | $28.3 | +11.5% | Sep 17, 2026 |
| Deutsche Bank | Bryan Kraft | $45 | $27.62 | +35.6% | Sep 2, 2026 |
| Goldman Sachs | Stephen Laszczyk | $32 | $29.88 | -3.6% | Aug 7, 2026 |
| Guggenheim | Analyst unavailable | $35 | $30.97 | +5.5% | Jul 31, 2026 |
| Wells Fargo | Steven Cahall | $31 | $30.97 | -6.6% | Jul 31, 2026 |
| UBS | Analyst unavailable | $36 | $30.94 | +8.5% | Jul 30, 2026 |
| UBS | Analyst unavailable | $30 | $31.64 | -9.6% | Jul 29, 2026 |
| Wells Fargo | Steven Cahall | $30 | $29.8 | -9.6% | Jul 27, 2026 |
| Barrington | Analyst unavailable | $32 | $27.22 | -3.6% | May 4, 2026 |
| Evercore ISI | Analyst unavailable | $28 | $27.35 | -15.6% | May 1, 2026 |
| Guggenheim | Analyst unavailable | $34 | $28 | +2.4% | Apr 24, 2026 |
| UBS | Analyst unavailable | $24 | $20.95 | -27.7% | Feb 10, 2026 |
| MoffettNathanson | Clay Griffin | $21 | $20.47 | -36.7% | Jan 27, 2026 |
| Barrington | Patrick Sholl | $28 | $24.01 | -15.6% | Jan 31, 2025 |
| Wells Fargo | Steven Cahall | $16 | $21.12 | -51.8% | Dec 19, 2024 |
| Seaport Global | David Joyce | $34 | $27.65 | +2.4% | Nov 1, 2024 |
| Bank of America Securities | Jessica Reif Ehrlich | $23 | $26.81 | -30.7% | Oct 24, 2024 |
| Morgan Stanley | Cameron Mansson-Perrone | $23 | $25.6 | -30.7% | Sep 24, 2024 |
| Pivotal Research | Jeffrey Wlodarczak | $40 | $24.02 | +20.5% | Sep 20, 2024 |
| Guggenheim | Curry Baker | $30 | $23.7 | -9.6% | Sep 18, 2024 |
| Rosenblatt Securities | Barton Crockett | $28 | $24.51 | -15.6% | Sep 16, 2024 |
| Deutsche Bank | Bryan Kraft | $30 | $30.1 | -9.6% | Aug 5, 2024 |
| Pivotal Research | Jeffrey Wlodarczak | $40 | $32.3 | +20.5% | Aug 1, 2024 |
| Guggenheim | Curry Baker | $29 | $27 | -12.6% | Jun 26, 2024 |
| Evercore ISI | Vijay Jayant | $32.5 | $29.3 | -2.1% | Jun 24, 2024 |
| Rosenblatt Securities | Barton Crockett | $34 | $30.5 | +2.4% | May 1, 2024 |
| Goldman Sachs | Brett Feldman | $32.5 | $30.5 | -2.1% | May 1, 2024 |
| Seaport Global | David Joyce | $43 | $31.65 | +29.6% | Apr 29, 2024 |
| Pivotal Research | Jeffrey Wlodarczak | $49 | $31.55 | +47.6% | Apr 24, 2024 |
| Wells Fargo | Steven Cahall | $30 | $38.8 | -9.6% | Apr 1, 2024 |
| Guggenheim | Curry Baker | $40 | $40.8 | +20.5% | Mar 14, 2024 |
| Deutsche Bank | Bryan Kraft | $6.25 | $6.97 | -81.2% | Jul 21, 2023 |
| Morgan Stanley | Benjamin Swinburne | $4.4 | $4.04 | -86.7% | Apr 13, 2023 |
| Barrington | Analyst unavailable | $7 | $5.02 | -78.9% | Feb 7, 2023 |
| Wells Fargo | Analyst unavailable | $5.5 | $5.24 | -83.4% | Feb 3, 2023 |
| Credit Suisse | Analyst unavailable | $5 | $5.36 | -84.9% | Feb 3, 2023 |
| Credit Suisse | Analyst unavailable | $5.5 | $5.94 | -83.4% | Jan 12, 2023 |
| Citigroup | Analyst unavailable | $6 | $6.49 | -81.9% | Dec 1, 2022 |
| Morgan Stanley | Analyst unavailable | $6.5 | $6.5 | -80.4% | Jul 29, 2022 |
| Citigroup | Analyst unavailable | $7.5 | $6.19 | -77.4% | Jul 7, 2022 |
| Rosenblatt Securities | Analyst unavailable | $8 | $6.36 | -75.9% | Apr 19, 2022 |
| Benchmark Co. | Matthew Harrigan | $10 | $6.04 | -69.9% | Aug 25, 2021 |
| Citigroup | Jason Bazinet | $7.65 | $6.2 | -77.0% | Jul 29, 2021 |
| Goldman Sachs | Brett Feldman | $5.25 | $5.77 | -84.2% | May 3, 2021 |
Track every rating change on SIRI the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationSirius 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 channels, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment. This segment also distributes satellite radios through automakers and retailers, as well as its website; offers advertising other ancillary services; sells radios and accessories; and offers location-based services through two-way wireless connectivity, including safety, security, convenience, maintenance and data, remote vehicles diagnostic, and stolen or parked vehicle locator services, as well as data…
Historical context
All SIRI earningsCommunication Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| SKM SK Telecom Co.,Ltd | FY2026 Q3 · Calendar Q4 2026 | — | +3.8% | SK Telecom pairs steady mobile performance with heavier AI infrastructure plans |
| CHT Chunghwa Telecom Co., Ltd. | FY2026 Q3 · Calendar Q4 2026 | -55.7% | +0.9% | Chunghwa Telecom reports record Q3 as mobile, broadband and ICT expand |
Latest beats and misses
Who reports nextBeat on EPS
- AIZFY2026 Q3 · November 3, 2026+29.5% EPS+4.2% move
- AIZNFY2026 Q3 · November 3, 2026+36.0% EPS+0.5% move
- SMCIFY2027 Q1 · November 3, 2026+47.2% EPS-4.2% move
- XYZFY2026 Q3 · November 3, 2026+9.7% EPS+14.9% move
- AMGNFY2026 Q3 · November 3, 2026+11.4% EPS+1.6% move
- SWKSFY2026 Q4 · November 3, 2026+0.8% EPS-6.9% move
Missed on EPS
- TXFY2026 Q3 · November 3, 2026-24.9% EPS-0.0% move
- CHTFY2026 Q3 · November 4, 2026-55.7% EPS+0.9% move
- TOSTFY2026 Q3 · November 3, 2026-20.1% EPS+5.9% move
- CPNGFY2026 Q3 · November 3, 2026-90.3% EPS+13.3% move
- TLNFY2026 Q3 · November 3, 2026-65.4% EPS+7.3% move
- APOSFY2026 Q3 · November 3, 2026-5.5% EPS-0.5% move
Get the SIRI recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-04T13:40:45.292282+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-04T13:40:45.289503+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-04. For educational purposes only; not investment advice.