Filing Flows › Sirius XM Holdings (SIRI) › Q3 2026 › vs Q2 2026
Sirius XM Holdings (SIRI) Q3 2026 vs Q2 2026 (quarter over quarter)
Sirius XM Holdings's revenue fell $7.0M (-0.3%) from $2.2B in Q2 2026 to $2.2B in Q3 2026. The biggest changes: Subscriber revenue −$8.0M (-0.5%); Advertising revenue +$2.0M (+0.4%); Other revenue −$1.0M (-1%). Gross margin 52.8% against 53.0% (-0.2 pts).
Sirius XM Holdings, Q3 2026: revenue $2.2B (-0.3% year over year), operating margin 22.2%, net earnings $317M, operating cash flow $457M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 52.8% | 53.0% | -0.2 pts |
| Operating margin | 22.2% | 21.9% | +0.4 pts |
| Net margin | 14.7% | 11.1% | +3.7 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Equipment revenue | $36.0M | $36.0M | $0 | 0% |
| Other revenue | $31.0M | $32.0M | −$1.0M | -3% |
| Other revenue | $67.0M | $68.0M | −$1.0M | -1% |
| Subscriber revenue | $1.6B | $1.6B | −$8.0M | -0.5% |
| Advertising revenue | $456M | $454M | $2.0M | +0.4% |
| Revenue | $2.2B | $2.2B | −$7.0M | -0.3% |
| Gross profit | $1.1B | $1.1B | −$8.0M | -0.7% |
| Cost of revenue | $1.0B | $1.0B | $1.0M | +0.1% |
| Operating profit | $479M | $472M | $7.0M | +1% |
| Operating expenses | $657M | $672M | −$15.0M | -2% |
| Pre-tax earnings | $416M | $312M | $104M | +33% |
| Other expense, net | $63.0M | $160M | −$97.0M | -61% |
| Research & development | $64.0M | $56.0M | $8.0M | +14% |
| Sales & marketing | $179M | $188M | −$9.0M | -5% |
| General & admin | $121M | $136M | −$15.0M | -11% |
| Other operating costs | $293M | $292M | $1.0M | +0.3% |
| Net earnings | $317M | $239M | $78.0M | +33% |
| Income tax | $99.0M | $73.0M | $26.0M | +36% |
| Depreciation & amortization | $136M | $134M | $2.0M | +1% |
| Share-based compensation | $38.0M | $48.0M | −$10.0M | -21% |
| Working capital & other | $34.0M | −$301M | $335M | — |
| Operating cash flow | $457M | $722M | −$265M | -37% |
Questions
How much did Sirius XM Holdings's revenue grow quarter over quarter in Q3 2026?
Sirius XM Holdings's revenue fell $7.0M (-0.3%) from $2.2B in Q2 2026 to $2.2B in Q3 2026.
What drove Sirius XM Holdings's revenue change in Q3 2026?
Subscriber revenue −$8.0M (-0.5%); Advertising revenue +$2.0M (+0.4%); Other revenue −$1.0M (-1%).