| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 90 | 11.7x | 17.8x | Top tier | |
Growth | 38 | 0.4% | 7.1% | Bottom tier | |
Quality | 71 | 6.3% | 4.5% | Top tier | |
Safety | 51 | 4.3x | 2.6x | Around median | |
Capital Return | 77 | — | 2.12% | Top tier | |
Momentum | 87 | 28.0% | 2.9% | Top tier | |
Sentiment | 87 | 10 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Sirius XM Holdings operates a paid and ad-supported audio ecosystem that combines SiriusXM subscriptions in vehicles and through the app with Pandora and off-platform advertising businesses. Most revenue comes from subscriptions; in Q2 fiscal 2026, subscription revenue was $1.6 billion out of total revenue of approximately $2.2 billion, while advertising revenue was $454 million. The company differentiates its service through exclusive content, music, sports, news, and podcasts, as well as the in-vehicle 360L experience and its satellite network.
In Q2 fiscal 2026, consolidated revenue increased 1% year over year to approximately $2.2 billion, gross profit according to EDGAR data was approximately $1.1 billion, net income was $239 million, and diluted earnings per share were $0.70. Net income increased 17% and diluted earnings per share rose 23%, while adjusted earnings before interest, taxes, depreciation, and amortization grew 3% to $691 million, with its margin expanding by one percentage point to 32%. Free cash flow also jumped 48% to $593 million, supported by improved profitability, lower cash taxes, and the timing of vendor payments and capital expenditures.
At the segment level in Q2 fiscal 2026, the SiriusXM segment recorded revenue of $1.6 billion and gross profit of $981 million at a 61% margin, while revenue from Pandora and off-platform businesses increased 4% to $543 million and gross profit rose 6% to $163 million at a margin of approximately 30%. Revenue for the reported twelve-month period within the 2026 data was approximately $8.6 billion, with gross profit of $4.5 billion and net income of $880 million, compared with revenue of $8.6 billion and net income of $805 million in fiscal 2025.
The average analyst price target is $32.33, within a range of $28 to $36, with a consensus rating of Buy; the average is very close to the top of the 52-week range of $32.66, compared with a low of $19.77. No reported price-to-earnings multiple is available in the data, so the valuation assessment relies more heavily on analyst targets and the company's ability to achieve its fiscal 2026 guidance of $8.525 billion in revenue and $1.375 billion in free cash flow. The $8 spread in targets continues to reflect differing estimates regarding slowing subscriber additions, memory cost pressures, and the timing of the YouTube contribution.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
Consolidated revenue was approximately $2.2 billion, up 1% year over year, and net income was $239 million. Diluted earnings per share increased 23% to $0.70, while adjusted earnings before interest, taxes, depreciation, and amortization grew 3% to $691 million at a 32% margin. Free cash flow also increased 48% to $593 million, and gross profit according to EDGAR data was approximately $1.1 billion.
The company added 22 thousand net self-pay subscribers in Q2 fiscal 2026, its best second-quarter performance in four years and an improvement of 90 thousand from the comparable period. Bundled plans contributed 123 thousand additions, while the continuity service and extended vehicle dealer programs helped offset a slight decline in conversion rates. However, management still expects fiscal 2026 self-pay additions to be slightly below the prior year due to the maturation of these initiatives and reduced discounting.
Advertising revenue was $454 million in Q2 fiscal 2026, up 5%, while the Pandora and off-platform businesses segment recorded revenue of $543 million. Podcast revenue grew 30%, programmatic advertising 29%, and technology fees 20%, making advertising a faster-growing driver than subscriptions. Conversely, these gains partially offset weakness in music streaming advertising, so continued momentum depends on broader sales and improved pricing without worsening weakness in other categories.
Automated analysis for informational purposes only — not investment advice.
Management said on the July 30, 2026 call that it does not expect a material financial contribution from the agreement during the remainder of fiscal 2026 or the first half of fiscal 2027. It expects the revenue and profit opportunity to become larger in the second half of fiscal 2027 as advertiser adoption expands. The opportunity is based on a stated reach of 255 million monthly active users and SiriusXM's use of its existing sales platform, advertising technology, and campaign operations.
Streaming sports listening increased 14% year over year, and the company launched Sports Pass for $5 and added local sports talk from 22 markets through Odyssey. The company also plans to produce more than 400 events during fiscal 2026 totaling more than 2,000 hours of original programming, and 95% of attendees at exclusive events said the experience increases the value of a SiriusXM subscription. In terms of usage, connected-vehicle system subscribers listen for approximately 24 hours per month, while engagement among those who also use the SiriusXM app exceeds twice that level.
On July 30, 2026, the company raised its revenue, adjusted earnings before interest, taxes, depreciation, and amortization, and free cash flow guidance by $25 million for each metric. It now expects revenue of approximately $8.525 billion, adjusted earnings before interest, taxes, depreciation, and amortization of $2.625 billion, and free cash flow of $1.375 billion. These forecasts include a greater impact from higher memory costs in the second half of fiscal 2026, alongside continued strength in subscriptions and advertising.
