EL7.AI
StocksMedium•29 October 2026•
3 min read

SiriusXM Raises 2026 Revenue Outlook to $8.55 Billion After Third-Quarter Results

Key Facts

1SiriusXM raised its 2026 revenue outlook to $8.55 billion, against an analyst average estimate of $8.60 billion.
2Third-quarter earnings per share were $0.78, above the $0.77 estimate; revenue was $2.15 billion, matching estimates.
3In July, the company raised its 2026 guidance by $25 million each for revenue, adjusted EBITDA and free cash flow.
4Second-quarter revenue was $2.16 billion, up 1% year over year.

SiriusXM reported its third-quarter operating and financial results on October 29, 2026, and raised its fiscal-year revenue outlook to $8.55 billion, according to results data cited by Investing.com. Quarterly revenue came in at $2.15 billion, matching the average analyst estimate, while earnings per share were $0.78 against an estimate of $0.77. Earnings per share therefore beat expectations by $0.01, while revenue did not exceed market estimates. The revised annual revenue outlook puts the company’s target below the analyst average of $8.60 billion. SiriusXM scheduled a call to discuss the results for 8:00 a.m. Eastern Time on October 29.

The new revenue outlook of $8.55 billion represents an increase from the previous guidance the company announced on July 30, when it raised its 2026 targets by $25 million each for revenue, adjusted EBITDA and free cash flow. The guidance announced in July put revenue at about $8.525 billion, adjusted EBITDA at $2.625 billion and free cash flow at $1.375 billion. The new revenue guidance is $25 million above that previous level. The available figures do not include new guidance for adjusted EBITDA or free cash flow following the third-quarter announcement. The documented annual update is therefore focused on revenue, while the other two targets remain at their last disclosed levels in July, according to the information provided.

Before the third-quarter results were announced, analysts expected revenue of $2.15 billion and earnings per share of $0.77, according to Investing.com. Actual revenue came in at the same expected level, while earnings per share were $0.78. The comparison shows that the positive surprise in the quarterly results was limited to earnings per share, while revenue held no surprise against estimates. Investors were also focused before the announcement on the company’s ability to stabilize its subscriber base, according to the same report. This issue matters in the context of tracking the company’s results, but the available data do not include a third-quarter subscriber figure or a change in subscriber numbers.

The background to the previous guidance dates to second-quarter performance, when SiriusXM revenue rose 1% year over year to $2.16 billion, while net income increased 17% to $239 million compared with the same period a year earlier. Free cash flow also reached $593 million, up 48% year over year, which the company attributed to higher adjusted EBITDA, lower cash taxes and favorable timing of supplier payments. Chief Executive Jennifer Witz said in February that the annual guidance reflected “the overall stability of the business” while the company continued to focus on its strengths. Those areas include programming, its presence in cars and audio advertising, according to her remarks at the time. On October 29, the company gave investors the opportunity to follow the discussion of the results during the call scheduled for 8:00 a.m. Eastern Time.