EchoStar Corporation
- Open
- 86.63
- Day high
- 87.57
- Day low
- 85.80
- Prev close
- 86.84
- Volume
- 1.9M
- Mkt cap
- $25.2B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 1.8
- P/S
- 1.7
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$8.1M over the last 3 months (0 open-market buys, 4 sales)
- 🏛Institutions accumulating (13F)
EchoStar Corporation (SATS) is a Technology company listed on NASDAQ. The stock is up 32% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 4 sales (SEC Form 4). Drillr has 1 published research article covering SATS.
EchoStar Corporation (SATS) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SATS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 11, 2026 | $-0.48 | $-0.51 | -6.6% | $3.7B | +0.5% |
| Nov 6, 2025 | $-1.21 | $0.83 | +168.6% | $3.6B | -3.2% |
| Aug 1, 2025 | $-0.93 | $-1.06 | -13.4% | $3.7B | -2.7% |
| May 9, 2025 | $-0.90 | $-0.71 | +21.1% | $3.9B | +0.7% |
| Feb 27, 2025 | $-0.63 | $1.24 | +296.8% | $4.0B | +0.9% |
| Aug 9, 2024 | $-0.37 | $-0.76 | -105.4% | $4.0B | -0.7% |
| May 8, 2024 | $-0.17 | $-0.40 | -135.3% | $4.0B | -1.1% |
| Feb 29, 2024 | $-0.18 | $1.21 | +770.0% | $15.7B | +297.2% |
| Feb 22, 2023 | $0.29 | $0.59 | +103.4% | $500M | +3.4% |
| Nov 2, 2022 | $0.38 | $0.27 | -28.9% | $497M | +1.1% |
| Aug 4, 2022 | $0.32 | $0.37 | +15.6% | $499M | +2.6% |
| May 5, 2022 | $0.36 | $0.32 | -11.1% | $502M | +4.0% |
SATS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 16, 2026 | Manson Deanofficer: CHIEF LEGAL OFFICER | Option | 6,000 | $14.04 |
| Jun 16, 2026 | Manson Deanofficer: CHIEF LEGAL OFFICER | Sell | 4,000 | $130.39 |
| Jun 16, 2026 | Manson Deanofficer: CHIEF LEGAL OFFICER | Option | 4,000 | $14.04 |
| Jun 9, 2026 | Akhavan Hamiddirector, officer: CEO, EchoStar Capital | Sell | 45,073 | $121.00 |
| Jun 9, 2026 | Akhavan Hamiddirector, officer: CEO, EchoStar Capital | Option | 122,500 | $14.04 |
| Jun 9, 2026 | Akhavan Hamiddirector, officer: CEO, EchoStar Capital | Option | 20,417 | $14.04 |
| Jun 9, 2026 | Akhavan Hamiddirector, officer: CEO, EchoStar Capital | Sell | 7,513 | $121.00 |
| Jun 8, 2026 | Manson Deanofficer: CHIEF LEGAL OFFICER | Option | 10,000 | $14.04 |
| Jun 8, 2026 | Manson Deanofficer: CHIEF LEGAL OFFICER | Sell | 10,000 | $119.50 |
| May 20, 2026 | Wade William Daviddirector | Option | 5,000 | $24.49 |
| Apr 3, 2026 | Wade William Daviddirector | Grant | 5,000 | $120.60 |
| Apr 3, 2026 | Brokaw George Rdirector | Grant | 5,000 | $120.60 |
| Apr 3, 2026 | ERGEN CANTEYdirector, 10 percent owner, other: SENIOR ADVISOR | Grant | 5,000 | $120.60 |
| Apr 3, 2026 | Dodge R Stantondirector | Grant | 5,000 | $120.60 |
| Apr 3, 2026 | Abernathy Kathleen Qdirector | Grant | 5,000 | $120.60 |
Source: SATS SEC Form 4 filings, latest Jun 16, 2026. For informational purposes only — not investment advice.
See the full SATS insider & 13F page →EchoStar Corporation company profile
Overview
EchoStar Corporation (NASDAQ:SATS) is a telecommunications and satellite technology company founded in 2007 and headquartered in Englewood, Colorado. The company emerged as a spinoff from the original EchoStar Communications and went public in 2008. In 2024, EchoStar completed a significant merger with DISH Network, creating a comprehensive telecommunications, media, and space technology portfolio. Today, EchoStar operates as a diversified communications company serving millions of customers across pay-TV, broadband, satellite services, and wireless communications markets globally.
Business
EchoStar operates in the telecommunications and satellite communications industry through multiple business segments. The company provides a range of connectivity solutions from traditional satellite TV to next-generation 5G wireless networks and enterprise satellite communications. The company's operations are divided into several key segments. The Pay-TV segment includes DISH TV, a traditional satellite television service with approximately 5.7 million subscribers, and Sling TV, a streaming television service with about 2.1 million subscribers. This segment represents the legacy television business that generates steady subscription revenue. The Broadband and Satellite Services segment operates under the Hughes brand, providing satellite internet services to both consumer and enterprise customers. HughesNet serves approximately 880,000 residential broadband subscribers, particularly in rural and underserved areas where terrestrial internet options are limited. The enterprise portion of this segment has been growing rapidly, offering managed network services, satellite communications, and ground segment equipment to government agencies, corporations, and mobile network operators worldwide. The enterprise business is expected to surpass consumer revenues in the near future. The Wireless segment operates Boost Mobile, a prepaid and postpaid wireless service with approximately 7 million subscribers. This segment utilizes EchoStar's extensive 5G network infrastructure, which covers over 250 million Americans with mobile broadband service. The company has built out one of the newest 5G networks in the United States, leveraging advanced spectrum assets. The EchoStar Satellite Services (ESS) segment provides satellite capacity and services using the company's fleet of owned and leased satellites. This segment serves government agencies, internet service providers, broadcast organizations, and enterprise customers on both full-time and occasional-use basis. Revenue distribution shows the Pay-TV segment as the largest contributor, followed by the growing enterprise satellite services business, with wireless and satellite services representing smaller but strategically important portions of total revenue.
Competitive moat
EchoStar's competitive moat is moderate but multifaceted, built primarily around spectrum assets, satellite infrastructure, and technological capabilities rather than traditional network effects or switching costs. The company's strongest moat elements include its extensive spectrum holdings, which represent scarce and valuable assets that cannot be easily replicated by competitors. The company owns significant wireless spectrum licenses that provide coverage across major U.S. markets and enable its 5G network deployment. The company's satellite infrastructure and expertise create another defensive layer, particularly in the Hughes enterprise business. EchoStar operates a fleet of high-capacity satellites and has decades of experience in satellite communications technology. The recent launch of Jupiter 3, one of the world's highest-capacity satellites, provides significant capacity advantages. The company's ability to design, manufacture, and deploy satellite ground systems gives it vertical integration benefits in serving enterprise and government customers. However, EchoStar faces significant competitive pressures that limit the strength of its moat. In satellite broadband, Starlink has emerged as a formidable competitor with superior technology and aggressive pricing, particularly impacting HughesNet's consumer business. The pay-TV business faces structural decline from cord-cutting and competition from streaming services. In wireless, EchoStar competes against three established national carriers (Verizon, AT&T, T-Mobile) with larger scale, more extensive retail presence, and greater marketing resources. The company's newest 5G network infrastructure provides some technological advantages, including more modern equipment and efficient spectrum utilization, but lacks the coverage depth and retail distribution of established carriers. While the spectrum assets provide long-term value, monetizing them effectively requires substantial ongoing capital investment and operational execution. Overall, EchoStar's moat is asset-heavy but operationally challenged, with valuable underlying assets that face execution risks in highly competitive markets. The company's success depends heavily on management's ability to optimize operations, reduce costs, and find innovative ways to leverage its spectrum and satellite assets.
Risks & safety
EchoStar presents moderate financial risk with improving but still concerning liquidity metrics following recent refinancing efforts. **Liquidity and Debt:** - Cash and marketable securities: $4.3 billion (significantly improved from prior quarters) - Total debt: Approximately $30 billion (debt-to-equity ratio of 1.48) - Successfully refinanced $2.5 billion in November 2024 debt maturity - Current ratio: 1.39 (improved from concerning levels below 1.0 in prior quarters) - Operating cash flow: $1.25 billion annually, though free cash flow remains negative at -$292 million **Valuation Metrics:** - EV/EBITDA: 13.6x (reasonable for telecom sector) - Price-to-book: 0.31x (suggests potential asset value) - Trading significantly below book value despite substantial tangible assets **Other Considerations:** - Removed "going concern" disclosure following successful refinancing - Large asset base ($61 billion) provides some downside protection - Spectrum assets provide significant but hard-to-value collateral - Negative free cash flow requires careful monitoring of capital allocation - Merger synergies targeting $1 billion in annual cost savings provide upside potential
Recent development
EchoStar has undergone significant transformation over the past few years, culminating in the 2024 merger with DISH Network that created a comprehensive telecommunications portfolio. The company has pivoted from primarily being a satellite services provider to becoming a diversified communications company with major wireless ambitions. The most significant development has been the 5G network buildout, where EchoStar deployed over 23,000 cell sites to achieve 80% population coverage with 5G broadband service. This represents one of the newest and most technologically advanced wireless networks in the United States, built using modern equipment and efficient spectrum utilization. The company successfully met most of its FCC buildout requirements and continues expanding coverage. In satellite services, EchoStar launched the Jupiter 3 satellite, one of the world's highest-capacity communications satellites, significantly expanding broadband capacity for both consumer and enterprise services. The company has also announced plans for an EchoStar LiDAR constellation of 28 low-earth orbit satellites, representing expansion into new satellite-based services. The Boost Mobile rebranding and integration unified the wireless customer experience, combining prepaid and postpaid services under a single brand. This effort included improving device compatibility, reducing customer churn from over 4% to under 3%, and focusing on transitioning customers to the company's own network infrastructure to improve economics. Strategically, EchoStar has been exploring direct-to-device satellite connectivity, leveraging its unique spectrum assets to provide messaging and potentially broadband services directly to consumer devices via satellite. The company has also been developing private 5G network solutions for enterprise and government customers, representing a higher-margin growth opportunity. Recent financial restructuring included securing $2.5 billion in refinancing from TPG Angelo Gordon and completing various debt exchanges to address near-term maturities. The company has also announced plans to sell its video services business (DISH and Sling TV) to DIRECTV, allowing focus on wireless and satellite communications.
SATS company profile · for informational purposes only — not investment advice.
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