Sirius XM falls after Q2 profit miss

Sirius XM Holdings

30/07/2026 15:08

** Sirius XM's SIRI.O shares fall 5.3% to $30.88
** Co misses Q2 profit estimates, weighed by higher memory chip costs that hit equipment revenue
** Q2 EPS of 70 cents missed analysts' avg. estimate of 78 cents - LSEG-compiled data
** However, revenue of $2.16 bln slightly above expectations of $2.14 bln
** Co's equipment revenue declined 22% from a year ago, as higher memory chip costs tied to its hardware weighed on the business, while monthly active users at its Pandora unit fell 7%
** SIRI reported a surprise gain of 22k self-pay subscribers
** Including session's moves, stock has risen 53.3% this year

 (Reporting by Prathik Jayaprakash in Bengaluru)
 ((Prathik.Jayaprakash@thomsonreuters.com))