This Dirt Cheap Stock Reports Earnings July 30. Is It Finally Time to Buy Sirius XM?

Sirius XM (SIRI -0.03%) has interested and frustrated investors in recent years. It holds a monopoly on satellite radio in the U.S., and the stock’s dividend yield is far above S&P 500 averages.

Unfortunately, despite Berkshire Hathaway holding over 37% of its shares, the stock’s value has slid over the last five years, and competition from internet-based streaming services has limited subscriber growth.

Still, one might wonder whether it is time to buy Sirius XM stock amid the possibility of further recovery when it reports second-quarter earnings on July 30.

Image source: Getty Images.

This is a difficult question, as reactions to earnings reports are difficult to predict before the fact. Investors will probably like the fact that it rallied nearly 50% in the first half of 2026.

However, Sirius XM has long been a slow-growth business, making it less likely the report will spark more buying in the stock. In the first quarter of 2026, revenue grew by 1% year over year after pulling back by 2% during 2025.

Nonetheless, net income surged 20% in Q1, after it turned profitable in 2025. Looking forward, analysts forecast flat annual revenue growth for Q2 along with a 23% profit increase over the same period. Amid that improvement, investors can buy the stock for 12 times trailing earnings.

Today’s Change

(-0.03%) $-0.01

Current Price

$29.86

Key Data Points

Market Cap

$10BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Day’s Range

$29.80 – $30.22

52wk Range

$19.77 – $31.42

Volume

1.9M

Avg Vol

5.2M

Gross Margin

40.75%

Dividend Yield

3.62%

Also, investors earn $1.08 per share annually in cash payouts while they wait for a stock recovery. That amounts to a dividend yield of 3.6%, far above the S&P 500‘s 1.1% average yield.

Such conditions indicate that investors should buy Sirius XM stock before July 30, but only if they are buying it for income.

Indeed, Sirius XM has a low earnings multiple and a generous dividend yield. Unfortunately, the flat revenue growth and low P/E ratio make it unlikely the quarterly report will point to any further growth catalysts.

Still, Sirius XM is a Berkshire Hathaway-owned stock selling at a low P/E ratio and paying a huge dividend. That makes it likely the communication stock is eventually due to move higher.