SiriusXM Outlines 2026 Revenue Target of $8.525 Billion and Free Cash Flow Goal
SiriusXM has set a revenue target of $8.525 billion for fiscal year 2026, along with a free cash flow goal of $1.375 billion. The company also raised its guidance by $25 million in the second quarter of 2026 due to strong performance metrics such as positive net subscriber additions and increased average revenue per user (ARPU). CEO Jennifer Witz highlighted that these results reflect improved customer retention, with churn at a historical low for SiriusXM. The company reported 1% year-over-year revenue growth in the second quarter of 2026. The guidance increase underscores SiriusXM's confidence in its business model and subscriber base amid evolving market conditions. With continued focus on reducing churn and increasing ARPU, the satellite radio provider is positioning itself for sustained financial performance improvements.
Tickers: $SIRI
Topics: churn earnings revenue subscriber growth