EchoStar
Operates DISH, Sling, Boost, and Hughes connectivity services while reshaping its spectrum portfolio.
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Profile
Combines pay-TV and wireless subscriptions under DISH, Sling, Boost, and Gen Mobile with Hughes satellite equipment and managed networks. Spectrum sales shifted Boost to a hybrid model built around AT&T’s network, while major U.S. operating subsidiaries undergo court-supervised reorganizations.
Provides DISH TV satellite television, Sling TV streaming, Boost Mobile and Gen Mobile wireless service, and Hughes and EchoStar Mobile satellite connectivity. Hughes supplies consumer broadband, managed networks, in-flight connectivity, and satellite equipment across the Americas and international markets.
The operating model changed after a nationwide spectrum sale to AT&T and agreements to sell other licenses to SpaceX. Boost retains its cloud core but routes customer traffic primarily over AT&T’s network. EchoStar Capital is tasked with investing proceeds in communications and adjacent businesses.
DISH TV and Sling depend on programming access and a declining pay-TV base; Hughes depends on satellite capacity and is refocusing its U.S. business on enterprise, government, and defense customers. DISH DBS, DISH Wireless, and Hughes’s U.S. entities are in court-supervised bankruptcy reorganizations, while Charles W. Ergen controls shareholder votes through supervoting shares.
Company facts
Key statistics
Year to date −22.5% · Average volume (30d) 4.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jun 15, 2026 | New Street | Target | $161 | $165 | ||
| May 18, 2026 | Williams Trading | Target | $158 | $155 | ||
| May 13, 2026 | New Street | Target | $161 | |||
| Jan 7, 2026 | Williams Trading | Target | $158 | |||
| Dec 23, 2025 | UBS | Reiterate | Neutral | $14 | $125 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 11, 2026Q1 FY26 | −$0.48 | −$0.51 | −6.6% | $3.65B | $3.67B | +0.5% | +0.19% |
| Mar 2, 2026Q4 FY25 | −$0.94 | −$1.03 | −10.0% | $3.77B | $3.80B | +0.8% | −1.50% |
| Nov 6, 2025Q3 FY25 | −$1.21 | $0.83 | +168.6% | $3.73B | $3.61B | −3.2% | +4.01% |
| Aug 1, 2025Q2 FY25 | −$0.93 | −$1.06 | −13.4% | $3.83B | $3.72B | −2.7% | −2.23% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.87B | $3.72B | $3.61B | $3.80B | $3.67B | $3.58B | |
| Gross profit | $1.44B | $909.1M | $852.4M | $1.12B | $1.13B | $1.23B | |
| Operating income | −$88.1M | −$213.4M | −$160.4M | $370.8M | $326.7M | $512.9M | |
| Net income | −$202.7M | −$306.1M | −$12.78B | −$1.21B | −$146.9M | $8.46B | |
| Diluted EPS | −$0.71 | −$1.06 | −$44.37 | −$4.18 | −$0.51 | $24.12 | |
| Gross margin | 37.1% | 24.4% | 23.6% | 29.4% | 30.9% | 34.4% | |
| Operating margin | -2.3% | -5.7% | -4.4% | 9.8% | 8.9% | 14.3% |
Fiscal years (4-quarter sums)FY21 $1.99B · FY22 $2.00B · FY23 $28.56B · FY24 $15.83B · FY25 $15.00B
Revenue by product · FY24
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $496.2M · Total debt $17.55B · Total assets $39.43B · Shareholders' equity $14.20B
Dividends
No dividends on record.
Ownership
Shares outstanding 288.21M · Float 244.64M
This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % of company | Form | Filed |
|---|---|---|---|---|
| Charles W. Ergen | 148.68M | 50.90% of class | 13D | Jul 31, 2026 |
| Telluray Holdings, LLC · 10 percent owner | 60.52M | 21.00% | Form 4 | May 15, 2026 |
| Ergen Two-Year May 2025 SATS GRAT · 10 percent owner | 23.10M | 8.01% | Form 4 | May 15, 2026 |
| BlackRock, Inc. | 12.69M | 4.40% | 13F | Aug 7, 2026 |
| State Street Corp | 10.66M | 3.70% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 12, 2026 | Dean Manson | officer: CHIEF LEGAL OFFICER | −4,000 | $130.39 |
| Jun 5, 2026 | Hamid Akhavan | director, officer: CEO, EchoStar Capital | −52,586 | $121.00 |
| Jun 4, 2026 | Dean Manson | officer: CHIEF LEGAL OFFICER | −10,000 | $119.50 |
| Mar 6, 2026 | Hamid Akhavan | director, officer: CEO, EchoStar Capital | −71,005 | $107.52 |
| Mar 5, 2026 | Dean Manson | officer: CHIEF LEGAL OFFICER | −19,031 | $114.56 |
Peers
- Viasat
GEO satellite operator competing across broadband, enterprise VSAT, and MSS.
- T-Mobile
Nation's #2 wireless carrier; named in 10-K; former Boost MVNO host network.
- AT&T
10-K MNO competitor; Boost MVNO host; Cricket Wireless vs Boost in prepaid.
- Verizon
Largest wireless service revenue in U.S.; FWA broadband encroaches on HughesNet.
- Comcast
Largest U.S. cable; bundled broadband+video undercuts DISH TV and HughesNet.
- Charter Communications
Second-largest U.S. cable; Spectrum TV and Mobile bundle undercuts DISH.
- Iridium Communications
LEO MSS satellite leader; explicitly flagged EchoStar/SpaceX deal as a threat.
- Alphabet Class A
YouTube TV leads vMVPD at ~10M subscribers vs Sling TV; Alphabet is parent.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| EchoStar | $86.98 | −5.04% | $25.07B | — | 38.3 | 1.7 | −5.2% |
| Viasat | $67.99 | +0.95% | $9.28B | — | — | 2.0 | −1.2% |
| T-Mobile | $181.32 | −0.06% | $194.55B | 19.0 | 14.4 | 2.1 | +7.9% |
| AT&T | $25.98 | −0.08% | $178.16B | 8.6 | 10.7 | 1.4 | +2.3% |
| Verizon | $49.91 | −0.34% | $209.20B | 13.0 | 9.8 | 1.5 | −0.7% |
| Comcast | $27.08 | +0.09% | $96.03B | 8.8 | 7.7 | 0.8 | −1.2% |
| Charter Communications | $153.50 | −0.04% | $20.70B | 4.0 | 3.6 | 0.4 | −1.7% |
| Iridium Communications | $46.50 | −0.24% | $4.94B | 53.0 | 40.7 | 5.6 | +3.8% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| Median | 13.0 | 10.7 | 1.8 | +0.8% |