Upside case
Bull case
—
The bull case requires both strong earnings delivery and the market pricing SATS more generously than it does today.
Analysis OverviewBuyUpdated May 1, 2026
EchoStar Corporation (SATS) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
11
analysts
6 bullish · 1 bearish · 11 covering SATS
Strong Buy
0
Buy
6
Hold
4
Sell
1
Strong Sell
0
Consensus Target
$131
+4.2% vs today
Scenario Range
— – —
Model bear to bull value window
Coverage
11
Published analyst ratings
Valuation Context
—
Forward P/E · Market cap $16.5B
SATS price targets
Three scenarios for where SATS stock could go
Current
~$126
Confidence
26 / 100
Updated
May 1, 2026
Market caseClosest to today
Base case
—
The base case reflects analyst consensus expectations — steady delivery without requiring a major catalyst or re-rating.
Stress case
Bear case
—
The bear case reflects a scenario where earnings shortfalls or multiple compression combine to materially reduce the stock from its current level.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
EchoStar Corporation
SATS · NASDAQTechnologyCommunication EquipmentDecember year-end
EchoStar is a satellite communications and networking technology company that provides broadband services and satellite capacity. It generates revenue primarily through its Hughes segment — offering broadband services, equipment, and managed services to government and enterprise customers — and its EchoStar Satellite Services segment leasing satellite capacity to government and commercial users. The company's competitive advantage lies in its owned satellite fleet, extensive ground infrastructure, and long-standing government contracts that create high switching costs.
Market Cap
$16.5B
Revenue TTM
$15.0B
Net Income TTM
-$23.3B
Net Margin
-155.1%
SATS Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
50%Exceptional
12 quarters tracked
Revenue Beat Rate
42%Exceptional
vs consensus estimates
Avg EPS Surprise
+519.4%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Last 4 Quarters
EPS beats: 2 of 4Q2 2025
EPS
$-0.71/$-0.90
Revenue
$3.9B/$3.8B
Q3 2025
EPS
$-1.06/$-0.93
Revenue
$3.7B/$3.8B
Q4 2025
EPS
$0.83/$-1.21
Revenue
$3.6B/$3.7B
Q1 2026
EPS
$-1.03/$-0.94
Revenue
$3.8B/$3.8B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q2 2025 | $-0.71/$-0.90 | +21.1% | $3.9B/$3.8B | +0.7% |
| Q3 2025 | $-1.06/$-0.93 | -13.4% | $3.7B/$3.8B | -2.7% |
| Q4 2025 | $0.83/$-1.21 | +168.6% | $3.6B/$3.7B | -3.2% |
| Q1 2026 | $-1.03/$-0.94 | -10.0% | $3.8B/$3.8B | +0.8% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$15.6B
+4.2% YoY
FY2
$16.3B
+4.5% YoY
EPS Outlook
FY1
$-49.01
+39.5% YoY
FY2
$-48.92
+0.2% YoY
Trailing FCF (TTM)-$1.1B
FCF Margin: -7.1%
Next Earnings
May 7, 2026
Expected EPS
$-0.87
Expected Revenue
$3.7B
SATS beat EPS estimates in 2 of 4 tracked quarters. Mixed delivery makes the upcoming report a key data point for re-rating.
SATS Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $14.7B
Product Mix
Latest annual revenue by segment or product family
Segment breakdown not available for this company.
Geographic Mix
Latest annual revenue by reported region
North America
100.0%
-5.1% YoY
Tap, hover, or focus a slice to inspect segment detail.
North America is the largest reported region at 100.0%, down 5.1% YoY.
SATS Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Undervalued
Fair value est. $146 — implies +18.9% from today's price.
Upside to Fair Value
18.9%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
SATS
-2.5x
vs
S&P 500
25.2x
110% discount
vs Technology Trailing P/E
SATS
-2.5x
vs
Technology
27.5x
109% discount
vs SATS 5Y Avg P/E
Today
-2.5x
vs
5Y Average
20.2x
112% discount
Forward PE
—
S&P 500
19.1x
—
Technology
21.7x
—
5Y Avg
—
—
Trailing PE
-2.5x
S&P 500
25.2x
-110%
Technology
27.5x
-109%
5Y Avg
20.2x
-112%
PEG Ratio
—
S&P 500
1.75x
—
Technology
1.47x
—
5Y Avg
—
—
EV/EBITDA
—
S&P 500
15.3x
—
Technology
17.4x
—
5Y Avg
12.3x
—
Price/FCF
—
S&P 500
21.3x
—
Technology
19.8x
—
5Y Avg
8.6x
—
Price/Sales
1.1x
S&P 500
3.1x
-65%
Technology
2.4x
-54%
5Y Avg
0.6x
+87%
Dividend Yield
—
S&P 500
1.88%
—
Technology
1.18%
—
5Y Avg
0.14%
—
| Metric | SATS | S&P 500 | Technology | 5Y Avg SATS |
|---|---|---|---|---|
| Forward PE | — | 19.1x | 21.7x | — |
| Trailing PE | -2.5x | 25.2x-110% | 27.5x-109% | 20.2x-112% |
| PEG Ratio | — | 1.75x | 1.47x | — |
| EV/EBITDA | — | 15.3x | 17.4x | 12.3x |
| Price/FCF | — | 21.3x | 19.8x | 8.6x |
| Price/Sales | 1.1x | 3.1x-65% | 2.4x-54% | 0.6x+87% |
| Dividend Yield | — | 1.88% | 1.18% | 0.14% |
SATS trades above S&P 500 benchmarks on 0 of 2 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolSATS Financial Health
Verdict
Stressed
Key financial metrics for SATS are shown below.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$15.0B
Revenue Growth
TTM vs prior year
-5.2%
Gross Margin
Gross profit as a share of revenue
37.1%
Operating Margin
Operating income divided by revenue
-118.1%
Net Margin
Net income divided by revenue
-155.1%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$-80.95
Free Cash Flow (TTM)
Cash generation after capex
-$1.1B
FCF Margin
FCF as share of revenue — the primary cash quality signal
-7.1%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
-32.9%
ROA
Return on assets, trailing twelve months
-44.6%
Cash & Equivalents
Liquid assets on the balance sheet
$1.9B
Net Debt
Total debt minus cash
$29.1B
Debt Serviceability
Net debt as a multiple of annual free cash flow
—
ROE
Return on equity, trailing twelve months
-176.8%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.3%
Dividend
—
Buyback
0.3%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$49M
Dividend / Share
Annualized trailing dividend per share
—
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Declining as buybacks retire shares
131M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageSATS Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
High Debt Levels
SATS has a debt-to-equity ratio of 1.06, indicating significant leverage. With liabilities totaling S$4.27 billion exceeding its cash and near-term receivables, this raises financial risk and limits future options for the company.
High Risk
Dependence on Aviation Sector
Approximately 92% of SATS's revenue is aviation-related, making it highly vulnerable to downturns in the aviation industry. Any significant decline in air travel could severely impact revenue and profitability.
High Risk
Valuation Concerns
SATS is trading at a P/E ratio of 369.1x, significantly above its historical median of 0.7x. This overvaluation suggests that the stock price may be detached from its intrinsic value, posing a risk of downward pressure.
Medium
Rising Costs
Increasing operational costs, including labor, energy, and logistics, are expected to weigh on SATS's operating margins. The reduction of government subsidies and franchise fee rebates further exacerbates this issue.
Medium
Weaker Demand
A slowdown in air travel and cargo demand, potentially due to geopolitical tensions or economic downturns, could negatively affect SATS's revenue. This risk is compounded by pricing pressure from competition.
Medium
Regulatory Changes
Evolving regulations in Nordic countries regarding health, safety, or consumer protection could introduce new operational challenges for SATS. Compliance with these regulations may increase operational costs.
Lower
Insider Selling
Recent significant insider selling of SATS stock may indicate a lack of confidence from those closest to the company. This could affect investor sentiment and stock performance.
Lower
Currency Fluctuations
SATS is exposed to currency risk as it derives revenue from overseas markets. Fluctuations in currency exchange rates could impact financial results.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why SATS Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
Strategic Transformation
EchoStar has transitioned from a highly leveraged, capital-intensive wireless operator to a more capital-light holding company. This shift is anchored by its substantial equity in SpaceX, a valuable residual spectrum portfolio, and its operating businesses.
SpaceX Stake
EchoStar holds a significant equity stake in SpaceX, which has seen its valuation skyrocket. This stake, acquired through spectrum sales to SpaceX, is a major driver of the bull case, with potential for substantial future gains as SpaceX moves towards an IPO.
Spectrum Value
The company possesses a valuable spectrum portfolio, including AWS-3, which is considered highly monetizable and strategically important to U.S. carriers. There's a belief that the market may not fully value these assets.
Financial Performance and Growth
While technical indicators suggest a 'Sell' for SATS, other analyses point to potential growth. For instance, earnings are forecast to grow significantly, with one report projecting an 87.31% annual growth rate.
Technical Breakouts
Some technical analyses indicate bullish signals, such as breaking above long-term resistance levels and forming bull flags, suggesting potential upside momentum.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
SATS Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$125.71
52W Range Position
90%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$14.90
+743.7% from the low
52-Week High
$137.44
-8.5% from the high
1 Month
-0.98%
3 Month
+12.63%
YTD
+12.1%
1 Year
+425.5%
3Y CAGR
+99.5%
5Y CAGR
+36.9%
10Y CAGR
+12.2%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
SATS vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
—
vs 18.4x median
Peer median unavailable
Revenue Growth
+4.2%
vs +5.3% median
-21% below peer median
Net Margin
-155.1%
vs 11.6% median
-1432% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
SAT SATS EchoStar Corporation | $16.5B | — | +4.2% | -155.1% | Buy | +4.2% |
VSA VSAT Viasat, Inc. | $8.8B | — | +10.9% | -4.0% | Buy | -14.3% |
GSA GSAT Globalstar, Inc. | $10.4B | — | +8.7% | -19.0% | Hold | -19.5% |
IRD IRDM Iridium Communications Inc. | $4.3B | 36.5x | +5.3% | 12.1% | Buy | -12.5% |
T T AT&T Inc. | $178.4B | 11.1x | +1.4% | 16.9% | Hold | +15.1% |
TMU TMUS T-Mobile US, Inc. | $209.0B | 18.4x | +5.2% | 11.6% | Buy | +31.5% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
SATS Dividend and Capital Return
SATS returns 0.3% annually — null% through dividends and 0.3% through buybacks.
Dividend UnknownFCF Unknown
Total Shareholder Yield
0.3%
Dividend + buyback return per year
Buyback Yield
0.3%
Dividend Yield
—
Payout Ratio
—
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.00
Growth Streak
Consecutive years of dividend increases
0Y
3Y Div CAGR
—
5Y Div CAGR
—
Ex-Dividend Date
—
Payment Cadence
—
0 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$49M
Estimated Shares Retired
385.9K
Approx. Share Reduction
0.3%
Shares Outstanding
Current diluted share count from the screening snapshot
131M
FAQ
7 questionsSATS Investor Questions
Common questions answered from live analyst data and company financials.
01Is EchoStar Corporation (SATS) stock a buy or sell in 2026?
EchoStar Corporation (SATS) is rated Buy by Wall Street analysts as of 2026. Of 11 analysts covering the stock, 6 rate it Buy or Strong Buy, 4 rate it Hold, and 1 rate it Sell or Strong Sell. The consensus 12-month price target is $131, implying +4.2% from the current price of $126.
02What is the SATS stock price target for 2026?
The Wall Street consensus price target for SATS is $131 based on 11 analyst estimates. The high-end target is $158 (+25.7% from today), and the low-end target is $110 (-12.5%).
03Is EchoStar Corporation (SATS) stock overvalued in 2026?
Forward earnings data for SATS is not currently available. Review the valuation table above for trailing P/E, EV/EBITDA, and price-to-sales comparisons against market and sector benchmarks.
04What are the main risks for EchoStar Corporation (SATS) stock in 2026?
The primary risks for SATS in 2026 are: (1) High Debt Levels — SATS has a debt-to-equity ratio of 1. (2) Dependence on Aviation Sector — Approximately 92% of SATS's revenue is aviation-related, making it highly vulnerable to downturns in the aviation industry. (3) Valuation Concerns — SATS is trading at a P/E ratio of 369. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is EchoStar Corporation's revenue and earnings forecast?
Analyst consensus estimates SATS will report consensus revenue of $15.6B (+4.2% year-over-year) and EPS of $-49.01 (+39.5% year-over-year) for the upcoming fiscal year. The following year, analysts project $16.3B in revenue.
06When does EchoStar Corporation (SATS) report its next earnings?
EchoStar Corporation is expected to report its next earnings on approximately 2026-05-07. Consensus expects EPS of $-0.87 and revenue of $3.7B. Over recent quarters, SATS has beaten EPS estimates 50% of the time.
07How much free cash flow does EchoStar Corporation generate?
EchoStar Corporation (SATS) had a free cash outflow of $1.1B in free cash flow over the trailing twelve months — a free cash flow margin of 7.1%. SATS returns capital to shareholders through and share repurchases ($49M TTM).