EchoStar's recent $8.5B net income in 2026Q2 is largely non-cash and masks persistent operational challenges, including nine consecutive quarters of revenue decline (down 4.0% YoY) and volatile margins.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue has declined for nine consecutive quarters, with the latest quarter down 4.0% YoY to $3.6B, while gross margin swung from 37.1% to 23.6% before recovering to 34.4%, reflecting unstable pricing and cost dynamics.
EchoStar is seen as the only viable public proxy for the SpaceX-xAI conglomerate, which is approaching a $50 billion fundraising goal and a $1.5 trillion valuation target.
The investment thesis for EchoStar revolves around its potential to 'bridge the gap' as a unique play in the market, leveraging its ties to high-growth conglomerates.
EchoStar Investors provides detailed financial performance and stock data, highlighting the company's commitment to transparency and investor relations.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 3, 2026 | — vs $3.07 | $3M-10.1% vs $3M |
Q3 2026 Aug 10, 2026 | -$3.65-284.2% vs -$0.95 | $3M-2.7% vs $3M |
Q2 2026 May 14, 2026 | -$4.53-68.1% vs -$2.69 | $3M+1.0% vs $3M |
Q2 2026 Mar 19, 2026 | -$4.71-23450.0% vs -$0.02 | $3M+54.0% vs $2M |
DALLAS, Nov. 06, 2026 (GLOBE NEWSWIRE) -- Strive, Inc. (Nasdaq: ASST; SATA; SATS) (“Strive” or the “Company”) today announced its financial results for the third quarter ended September 30, 2026.
SpaceX is exploring ways to enter the US wireless market, with a potential acquisition of EchoStar's Boost Mobile emerging as one route to accelerate its ambitions. The company, led by Elon Musk, has held discussions with EchoStar and Chairman Charlie Ergen about acquiring Boost Mobile or gaining access to its network, according to a report by The Washington Post on Monday.
SpaceX stock is rising after The Washington Post reported that the company has been in talks with EchoStar, the owner of Boost Mobile. EchoStar's 7.4 million wireless subscribers could give SpaceX a base for Starlink Mobile, the satellite-and-ground network it hopes could rival AT&T, T-Mobile, and Verizon.
Elon Musk's SpaceX has held talks with EchoStar about acquiring Boost Mobile or using its network, according to a report. The move would bolster the standing of the company's Starlink subsidiary, which had 13.6 million subscribers at the end of the third quarter, a 90% increase over the same period of 2025.
Benchmark ECHO against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for EchoStar Corporation (ECHO)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $94.62 | $15.09B | 3.36 | -5.18% | 81.29% | 92.59% | — | |
| $63.95 | $8.81B | -255.80 | 2.67% | -2.07% | -2.07% | — | |
| $84.32 | $10.86B | -147.85 | 9.04% | -26.61% | -23.31% | 0.1% | |
| $44.04 | $4.67B | 29.42 | 4.93% | 18.06% | 32.93% | 1.32% | |
| $21.63 | $148.22B | 11.33 | 2.71% | 10.14% | 10.35% | 5.27% | |
| $162.01 | $173.78B | 15.36 | 8.49% | 12.05% | 19.86% | 2.25% |
EchoStar Corporation (ECHO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
EchoStar Corporation (ECHO) SEC filings — annual & quarterly reports (10-K, 10-Q)
Nov 3, 2026·SEC
Oct 2, 2026·SEC
Aug 7, 2026·SEC
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EchoStar Corporation (ECHO) stock FAQ — growth, dividends, profitability & financials explained
EchoStar Corporation (ECHO) reported $12.17B in revenue over the trailing twelve months. Revenue was $15.00B in fiscal year 2025. That is 51543% more than the $29.1M of fiscal year 2006.
EchoStar Corporation (ECHO) revenue fell by 19.8% over the trailing twelve months, compared with the twelve months before.
Yes. EchoStar Corporation (ECHO) earned $9.89B in net income over the trailing twelve months (a 81.3% net margin).
EchoStar Corporation (ECHO) had a return on equity (ROE) of 92.6% over the trailing twelve months. That is well above the market's typical 10-15%.
EchoStar Corporation (ECHO) had negative free cash flow of $532.7M over the trailing twelve months.
