Filing Flows › Sirius XM Holdings (SIRI) › Q2 2026
Sirius XM Holdings (SIRI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Sirius XM Holdings (SIRI) reported revenue of $2.2B for the second quarter 2026 (Q2 2026), +1% from a year earlier and +3% from the quarter before. Operating margin was 21.9%, net earnings $239M (11.1% of revenue).
Sirius XM Holdings, Q2 2026: revenue $2.2B (+1% year over year), operating margin 21.9%, net earnings $239M, operating cash flow $722M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | +3% | +1% |
| Gross profit | $1.1B | +4% | +2% |
| Operating profit | $472M | +4% | +29% |
| Net earnings | $239M | -2% | +17% |
| Operating cash flow | $722M | +166% | +32% |
| Free cash flow | $593M | — | +48% |
What changed
Revenue was $2.2B in Q2 2026, up 1% year over year and up 3% from the previous quarter. Subscriber revenue was the largest line at 76% of revenue. Advertising revenue added $0.02B year over year (up 5%), 100% of the total change. Equipment revenue declined 22%.
Gross margin was 53.0%, up 0.6 points from Q2 2025. Operating profit was $0.47B, a 21.9% margin (up 4.8 points year over year). Of the extra revenue versus Q2 2025, 486% reached operating profit, above the 17% margin then. Operating expenses fell 11% while revenue rose 1%. Net earnings were $0.24B, up 17% year over year. The effective tax rate was 23.4%.
Operating cash flow was $0.72B (up 32% year over year), 302% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items added $0.30B. After itions to property and equipment, net ($0.13B), free cash flow as the company reports it was $0.59B.
Questions
What was Sirius XM Holdings' revenue in the second quarter 2026?
Sirius XM Holdings (SIRI) reported revenue of $2.2B for the second quarter 2026 (Q2 2026), +1% from a year earlier and +3% from the quarter before.
Was Sirius XM Holdings profitable in the second quarter 2026?
Operating profit was $472M (21.9% of revenue) and net earnings $239M.
Source: Sirius XM Holdings 10-Q on SEC EDGAR.