SIRI
Sirius XM Holdings Inc.

Sirius XM Holdings Inc.SIRI

Communication Services · Entertainment
32.40USD
-1.67%
Nov 09, 2026
SIRI overview ready
Subscription-Based Satellite and Streaming Audio Services for North American Consumers
Sirius XM operates a subscription satellite-and-streaming audio service, Pandora streaming, podcast and off-platform advertising sales, and AdsWizz audio-advertising technology.
Theme not measured
Media & Entertainment has no leadership state this session.
Advancing price action
Longer-term context reads early trend, with a near-term setup of daily advance.
Fair valuation
The price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Decline in subscriber growth or retention.
Market Nov 6Filing Sep 30Price action Nov 8Research Oct 22

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction9.1BusinessPerformance5.0BusinessQuality6.7Valuation5.1ThemeMomentum—Mixed — Revenue is roughly flat year over year (-0.3%). Diluted EPS fell 7% year over year to $0.78. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Media & Entertainment — Media & Entertainment is tracked (3–4 priced members) — too few for a leadership state
Its economic family, Communications & Media, reads Improving (+3.0pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Advancing price action
Longer-term context reads early trend, with a near-term setup of daily advance.
EntryBreakout + retest

Price broke through the weekly SMA200, then retested it constructively and recovered — a fresh structural entry rather than a chase.

Key Financials

Market Cap
$10.9B
Avg Volume (60D)
4.7M
60 sessions
Revenue Growth YoY
-1.6%
FY2025 vs FY2024
Gross Margin
+52.9%
Trailing twelve months
Operating Margin
+19.0%
Trailing twelve months
Free Cash Flow Yield
+14.5%
Distance from 200DMA
+24.4%
P/E
12.1x
EV / EBITDA
9.4x
EV / Sales
2.3x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Mixed

Revenue is roughly flat year over year (-0.3%). Diluted EPS fell 7% year over year to $0.78.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthFlat
-0.3%
$2.15B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +0.2%
  2. +1.1%
  3. +1.0%
  4. -0.3%
Earnings growthDeclining
-7.1%
Diluted EPS $0.78 vs $0.84 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. -71%
  2. +22%
  3. +23%
  4. -7.1%
Operating marginStable
22.3%
-0.6 pp YoY · gross margin 52.8% (+0.5 pp)

Business Quality

6.7 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

The available comparisons disagreed; the intrinsic comparison is the more reliable method for this business and the others are published as dissent.
Sirius XM Holdings Inc. has a Fair valuation stance because the price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.

Company Research

Thesis
Sirius XM operates a subscription satellite-and-streaming audio service, Pandora streaming, podcast and off-platform advertising sales, and AdsWizz audio-advertising technology. Automotive distribution relationships remain important to its SiriusXM subscription funnel.
Key risk
Decline in subscriber growth or retention.

Economic classification

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Business & Markets

Communication Services · Entertainment
What they do

Sirius XM Holdings Inc. operates as a North American audio entertainment company providing subscription-based satellite radio and streaming audio services through its Sirius XM and Pandora segments.

How it earns

The company generates revenue primarily through subscription fees and advertising sales.

Products & services
Satellite radio subscription services
Pandora streaming and podcast services
Audio advertising technology (AdsWizz)
Customers & end markets
Individual subscribers in North America
Automotive manufacturers and their customers
Market position

Leader in North American subscription satellite and streaming audio entertainment.

Demand drivers
Low cyclicality

Subscription-based revenue provides recurring income with limited sensitivity to economic cycles.