Equity Profile

SIRI

Sirius XM Holdings Inc.

Communication ServicesCable & Satellite$9.3B

Apr30Thu

Post-Earnings Recap

ReportedQ1-2026Pre-Market1:00 AM EDT

Sirius XM Beats on EPS, Stock Up 0.67%

Metric	Actual	Expected	Surprise
EPS	$0.72	$0.70	+3.45%
Revenue	N/A	$2.1B	N/A

management commentary, guidance changes, and full analysis available with Pro.

Sirius XM Beats on EPS, Stock Up 0.67%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.72	$0.70	+3.45%
Revenue	N/A	$2.1B	N/A

Management Commentary

Tone: Unknown

No transcript is on record, so the analysis is based solely on numerical results.

What It Means

Sirius XM reported a better-than-expected EPS for Q1-2026, which led to a slight increase in the stock price by 0.67%. However, revenue figures were not disclosed, leaving some uncertainty about overall performance. Investors may view the EPS beat positively, but the lack of revenue data could lead to cautious sentiment going forward.

Company Snapshot

Sirius XM Holdings Inc. is a leading provider of satellite radio services in the U.S., offering a wide range of music, talk, and sports programming....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

$0.70

Revenue

Revenue growth is crucial for assessing the company's ability to attract and retain subscribers in a competitive market.

$2.1B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Sirius XM Holdings Inc. is a leading provider of satellite radio services in the U.S., offering a wide range of music, talk, and sports programming. As part of the Communication Services sector, the company plays a significant role in the evolving media landscape, particularly as consumer preferences shift towards streaming and on-demand content.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

-166.90%

Avg Stock Reaction

-0.03%

Last Quarter Recap

In Q4 2025, Sirius XM reported an EPS of $0.24, significantly missing expectations of $0.77. Despite this, the stock rose by over 9% the following day, indicating investor optimism.

Management Promises & Guidance

Focus on improving subscriber growth.
Commitment to enhancing content offerings.
Plans to explore new revenue streams.

Expectations

Wall Street Expectations

Analysts expect Sirius XM to report an EPS of $0.70 and revenue of $2.1B for Q1 2026, reflecting cautious optimism after a mixed performance in previous quarters.

Bull Case

If the company beats expectations, it could signal a strong recovery in subscriber growth and improved profitability, potentially boosting investor confidence.

Bear Case

A miss on earnings or revenue could raise concerns about the company's ability to compete in a rapidly changing media environment, leading to a decline in stock price.

Key Metrics to Watch

EPS

$0.70

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$2.1B

Revenue growth is crucial for assessing the company's ability to attract and retain subscribers in a competitive market.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Sirius XM report subscriber growth that meets or exceeds expectations?

Subscriber growth is critical for revenue stability and reflects the company's competitive position in the market.

How will management address the recent earnings miss and its impact on future guidance?

Investors will be looking for reassurance that the company has a plan to improve performance and regain investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Sirius XM to rebound in subscriber growth, particularly given recent investments in exclusive content.

Supporting Evidence

The company has a history of bouncing back after earnings misses, as seen in past quarters.

Options pricing suggests a significant move, indicating that traders expect a surprise.

Recent trends in consumer spending on entertainment could favor Sirius XM's offerings.

Key Risk

If subscriber growth comes in below 1 million new additions, it could undermine the bullish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely watched as it follows a series of mixed results, with investors eager to see if the company can turn things around.

Bull Confirmed If

An EPS of $0.75 or higher would confirm a strong recovery in profitability.

Bear Confirmed If

An EPS below $0.67 would indicate ongoing challenges in subscriber retention and revenue generation.

Pre-Earnings Positioning

Options Market

Implied Move

±6.3%

Historical Avg

±6.4%

In line with history

The options market is pricing in a significant move around the earnings report, suggesting that investors are anticipating volatility.

Options are pricing ±6.3% while SIRI has averaged ±6.4% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

1.1%

30d HV

39.1%

Calls (393K)P/C Ratio: 0.04Puts (340K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing in-line setup in Communication Services

n=30

Fade rate: 13 of 30 (43%)

This setup has occurred 30 times across Communication Services in the last 2 years. 13 of 30 faded and 17 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.4%, with a raw directional average of +0.7% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Sirius XM beats expectations, history suggests the stock could rise by around 0.57% on the day, confirming a positive trend.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss could lead to a decline of approximately 2.63% based on historical patterns, raising concerns about the company's future.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·2 sells

Members

House + Senate

Est. Notional

$51,002.00–$115,000.00

disclosed dollar ranges

Most Active Members

D-COJohn W HickenlooperSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on subscriber growth numbers and retention rates.
2Management's strategy for enhancing content offerings.
3Any guidance on revenue expectations for the upcoming quarters.
4Insights on competitive pressures in the satellite radio market.
5Plans for new partnerships or collaborations to drive growth.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Sirius XM Holdings Inc. is a leading provider of satellite radio services in the U.S., offering a wide range of music, talk, and sports programming....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

$0.70

Revenue

Revenue growth is crucial for assessing the company's ability to attract and retain subscribers in a competitive market.

$2.1B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

-166.90%

Avg Stock Reaction

-0.03%

Last Quarter Recap

In Q4 2025, Sirius XM reported an EPS of $0.24, significantly missing expectations of $0.77. Despite this, the stock rose by over 9% the following day, indicating investor optimism.

Management Promises & Guidance

Focus on improving subscriber growth.
Commitment to enhancing content offerings.
Plans to explore new revenue streams.

Expectations

Wall Street Expectations

Analysts expect Sirius XM to report an EPS of $0.70 and revenue of $2.1B for Q1 2026, reflecting cautious optimism after a mixed performance in previous quarters.

Bull Case

If the company beats expectations, it could signal a strong recovery in subscriber growth and improved profitability, potentially boosting investor confidence.

Bear Case

A miss on earnings or revenue could raise concerns about the company's ability to compete in a rapidly changing media environment, leading to a decline in stock price.

Key Metrics to Watch

EPS

$0.70

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$2.1B

Revenue growth is crucial for assessing the company's ability to attract and retain subscribers in a competitive market.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Sirius XM report subscriber growth that meets or exceeds expectations?

Subscriber growth is critical for revenue stability and reflects the company's competitive position in the market.

How will management address the recent earnings miss and its impact on future guidance?

Investors will be looking for reassurance that the company has a plan to improve performance and regain investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Sirius XM to rebound in subscriber growth, particularly given recent investments in exclusive content.

Supporting Evidence

The company has a history of bouncing back after earnings misses, as seen in past quarters.

Options pricing suggests a significant move, indicating that traders expect a surprise.

Recent trends in consumer spending on entertainment could favor Sirius XM's offerings.

Key Risk

If subscriber growth comes in below 1 million new additions, it could undermine the bullish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely watched as it follows a series of mixed results, with investors eager to see if the company can turn things around.

Bull Confirmed If

An EPS of $0.75 or higher would confirm a strong recovery in profitability.

Bear Confirmed If

An EPS below $0.67 would indicate ongoing challenges in subscriber retention and revenue generation.

Pre-Earnings Positioning

Options Market

Implied Move

±6.3%

Historical Avg

±6.4%

In line with history

The options market is pricing in a significant move around the earnings report, suggesting that investors are anticipating volatility.

Options are pricing ±6.3% while SIRI has averaged ±6.4% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

1.1%

30d HV

39.1%

Calls (393K)P/C Ratio: 0.04Puts (340K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing in-line setup in Communication Services

n=30

Fade rate: 13 of 30 (43%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Sirius XM beats expectations, history suggests the stock could rise by around 0.57% on the day, confirming a positive trend.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss could lead to a decline of approximately 2.63% based on historical patterns, raising concerns about the company's future.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·2 sells

Members

House + Senate

Est. Notional

$51,002.00–$115,000.00

disclosed dollar ranges

Most Active Members

D-COJohn W HickenlooperSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on subscriber growth numbers and retention rates.
2Management's strategy for enhancing content offerings.
3Any guidance on revenue expectations for the upcoming quarters.
4Insights on competitive pressures in the satellite radio market.
5Plans for new partnerships or collaborations to drive growth.