Sirius XM Raises 2026 Guidance for Second Straight Quarter, Lifts Revenue, EBITDA and Free Cash Flow Targets by $25 Million Each

Sirius XM Holdings (SIRI) raised its full-year 2026 financial guidance for the second consecutive quarter, lifting each of its three key metrics by $25 million, the company said. Updated 2026 guidance now includes total revenue of approximately $8.55 billion, adjusted EBITDA of approximately $2.65 billion and free cash flow of approximately $1.40 billion. Sirius XM continues to target approximately $1.5 billion in free cash flow in 2027. Third-quarter net income rose 7% to $317 million, while earnings per diluted common share fell 7% to $0.78 from $0.84 a year earlier. Adjusted EBITDA grew 3% to $694 million. Consolidated revenue slipped slightly year-over-year to $2.15 billion, with subscription revenue of $1.6 billion and advertising revenue of $456 million largely unchanged. In pre-market trading on NasdaqGS, Sirius XM shares were down 2.64% at $26.60.