Sirius XM Q3 2026: Guidance Raised Again as Free Cash Flow Jumps 14%
As seen on the 24/7 Wall St. homepage on October 29, 2026.
Sirius XM raised full-year guidance despite missing expectations on both lines, lifting revenue, adjusted EBITDA and free cash flow targets by $25 million each for the second straight quarter. Management says falling satellite capex sets up faster buybacks in 2027.
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Sirius XM posted revenue of $2.15 billion in Q3 2026, missing expectations on both the top and bottom lines for the second straight quarter.
Beneath those misses, free cash flow rose 14% to $293 million on lower programming, customer service, marketing and capital spending.
Management raised full-year 2026 guidance across every key metric for the second consecutive quarter, with CEO Jennifer Witz citing that momentum as the basis for confidence in long-term value creation.
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With satellite capital expenditures declining, the company has signaled plans to meaningfully accelerate share repurchases in 2027, well above the $33 million repurchased in Q3 2026.
The YouTube Audio partnership expanded SiriusXM Media's reach to roughly 255 million unduplicated monthly listeners, and the new Sports Pass pushes toward lower-priced, modular subscriptions designed to slow churn.
Mentioned: SIRI