EchoStar Corporation (SATS) Earnings
EchoStar Corporation is expected to report next earnings on July 30, 2026 (in NaN days), with a consensus EPS estimate of $-0.50. SATS has beaten EPS estimates in 6 of its last 12 reported quarters (average surprise +42.4% over the last four).
| 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% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q4 FY2025 · March 2, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Hamid Akhavan mentioned awaiting final regulatory approvals for spectrum sale and preparing to allocate capital, considering various factors like paying down debt, tax liabilities, and investment opportunities. Charlie Ergen discussed the D2D constellation, being proud of helping create an ecosystem and seeing SpaceX/Starlink as viable in that space, and also spoke about the wireless business operations, including progress towards break-even and decommissioning costs.
Guidance
Management plans to have a conference call after the second quarter, and doesn't plan a call in a couple months after the first quarter unless material changes occur.
Risks & headwinds
Involves FCC's Auction 113 quiet period restricting comments on Auction 113, litigation related to tower payments with protracted nature, and complexity of taxes, external factors like SpaceX IPO timing affecting capital allocation decisions.
Analyst Q&A
Q: Update on passive vs active investments within Echo Star Capital, SpaceX stake consideration, and D2D ecosystem;
A: Echo Star Capital is evaluating capital allocation for liquidity, SpaceX IPO timing not certain yet, and sees SpaceX/Starlink as leader in D2D ecosystem.
Q: Impact of XAI deal on SpaceX stake and mark-to-market, vendor payment situation;
A: Unclear on XAI deal impact on stake, vendor payment due to force majeure and litigation with some tower companies settling and others in litigation.
Q: Wireless segment EBITDA impact of vendor payment situation, path to profitability, decommissioning costs;
A: Q4 costs include non-cash accretion, close to break-even in wireless, decommissioning costs in $5 - $7 billion range.
Q: Thoughts on Paramount/Warner Bros deal and spectrum sales;
A: Concerns on Paramount/Warner Bros deal due to regulatory process and competition with own distributors, careful on spectrum sales due to auction but sees spectrum as valuable asset