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EchoStar (ECHO)

Communication Services · Wireless and Satellite Communications · NASDAQ

EchoStar is a diversified communications company navigating a major corporate restructuring while operating satellite-based video and expanding its footprint in the wireless industry.

View SEC filings Filings archive → Large price moves → Website Find companies like ECHO → Ask about ECHO →

What EchoStar does

EchoStar is a global provider of satellite communication solutions, pay-TV services, and wireless connectivity. The company operates through its DISH Network subsidiary, offering video and broadband services, while building out its own wireless network infrastructure and managing satellite-based communication networks.

Themes: wireless infrastructure, satellite communications, pay-TV, corporate bankruptcy/restructuring, broadband connectivity

Fundamentals

  • Price$86.69 as of 2026-07-27 close
  • Market cap$26.9B date unknown (no dated share count)
  • 1-year return+192.2% 2025-07-25 close $29.67 → 2026-07-27 close $86.69
  • P/En/a negative earnings
  • Net margin-96.6% FY2025, SEC XBRL
  • ROE-251.4% FY2025, SEC XBRL
  • Debt / equity1.23 as of 2026-09-03
  • Revenue growth (YoY)-5.2% as of 2026-09-03
  • Revenue CAGR (3y)-7.0% SEC XBRL
  • Beta-0.38 as of 2026-09-03
  • Last reported earnings2017-02-24 most recent in our data — SEC EDGAR Form 8-K (Item 2.02); no newer announcement filed

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How ECHO compares in its sector

  • net profit marginbottom 10% 127 covered Communication Services peers, as of 2026-09-03
  • operating marginbottom 10% 123 covered Communication Services peers, as of 2026-09-03
  • return on equitybottom 10% 113 covered Communication Services peers, as of 2026-09-03
  • 3-year revenue CAGRbottom 10% 123 covered Communication Services peers
  • free cash flow (absolute dollars, latest fiscal year)bottom 10% 115 covered Communication Services peers, as of FY2025

Position among covered Communication Services companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.

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Analyst consensus

  • Consensus ratingStrong Buy (1.38 mean, 1=Strong Buy…5=Strong Sell) — 9 analysts
  • Mean price target$128.67 range $103.00 – $156.00; median $130.00

Analyst estimates, as of 2026-10-08. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.

Analyst EPS estimate for ECHO

  • Consensus EPS estimate-$0.86 next reporting period, as of 2026-09-10

Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.

The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.

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Key risks (from latest filing)

["Financial distress and operational risks associated with Chapter 11 bankruptcy proceedings of certain subsidiaries.","Dependency on third-party mobile network operators (T-Mobile and AT&T) for wireless service delivery.","Execution risks related to pending transactions, including potential investments in SpaceX."]

See ECHO's biggest risks from its latest 10-Q →

What changed in the latest 10-Q

AI-assisted comparison of ECHO's 10-Q filed 2026-08-03 against the prior one filed 2026-05-11.

Management's Discussion & Analysis (MD&A)

  • Added:
    • Newer filing adds a section on 6 5/8% Unsecured Senior Notes due 2026 with approximately $750 million principal maturing August 1, 2026, stating HSSC lacks necessary cash and committed financing and may need to raise capital or refinance.
    • Newer filing adds a section on 3 3/8% Convertible Notes due 2026 with approximately $45 million principal maturing August 15, 2026, expected to be funded from existing cash and AT&T and SpaceX Transactions.
    • Newer filing adds disclosure that during the six months ended June 30, 2026, approximately $202 million of Term Loan due 2029 and Mandatorily Redeemable Preferred Shares due 2029 was repaid, and that on March 16, 2026, the remaining balance totaling approximately $1.6 billion was prepaid without penalty.
    • Newer filing adds disclosure that on July 28, 2026, concurrently with the AT&T Closing, approximately $2.844 billion outstanding under the DISH 2021 Intercompany Loan 2028 Tranche due to DISH DBS was satisfied in full by DISH Network.
    • Newer filing adds disclosure that on July 28, 2026, concurrently with the AT&T Closing, the aggregate principal balance of $3.5 billion for the DISH Network 11 3/4% Senior Secured Notes due 2027 were redeemed in full.
    • Newer filing adds a 'New Accounting Pronouncements' section referring to Note 2.
    • Newer filing adds Item 3. Quantitative and Qualitative Disclosures About Market Risk stating no material changes in market risk during the three months ended June 30, 2026.
    • Newer filing adds Item 4. Controls and Procedures with conclusion regarding disclosure controls and procedures and changes in internal control over financial reporting.
    • Newer filing adds disclosure that effective June 30, 2026, control environment was modified in response to DISH DBS Filing Entities and DISH Wireless Filing Entities commencing voluntary Chapter 11 cases in the Bankruptcy Court.
    • Newer filing adds disclosure that internal control activities unique to the operational environments of the Filing Entities were removed from the scope of integrated controls.
    • Newer filing adds disclosure of incremental internal controls designed and implemented as of June 30, 2026, including Financial Reporting and Deconsolidation Controls with hard close procedures and review of deconsolidation gain or loss calculations.
    • Newer filing adds Part II, Item 1. Legal Proceedings referring to Note 11 Commitments and Contingencies.
  • Removed:
    • Older filing contains Cost of services description which is not present in the newer filing.
    • Older filing contains Cost of sales - equipment and other description which is not present in the newer filing.
    • Older filing contains Selling, general and administrative expenses description which is not present in the newer filing.
    • Older filing contains Impairments and other description which is not present in the newer filing.
    • Older filing contains Interest income description which is not present in the newer filing.
    • Older filing contains Interest expense, net of amounts capitalized description which is not present in the newer filing.
    • Older filing contains Other, net description which is not present in the newer filing.
  • Notes:
    • The newer and older filings appear to cover different portions of the MD&A; the older filing focuses on expense and income line item definitions while the newer filing focuses on debt, liquidity matters, market risk, controls, and legal proceedings. Direct line-by-line comparison is limited because the two excerpts do not address the same topics.
    • The older filing excerpt ends at page 76 of the Table of Contents and appears to be a partial section; it may not represent the full MD&A of that filing.

Risk Factors

  • Added:
    • Newer filing states proceeds of $20.250 billion in cash for the sale of 3.45 GHz and 600 MHz Licenses and the 99-year Hawaii lease extension; older filing stated an aggregate purchase price of $22.650 billion in cash, subject to potential adjustments ('Closing Purchase Price').
    • Newer filing states the DISH 2021 Intercompany Loan Payoff includes $4.767 billion due to EchoStar for the DISH 2021 Intercompany Loan 2026 Tranche; older filing did not mention this amount or tranche.
    • Newer filing adds that the DISH 2021 Intercompany Loan Payoff amounts are as of June 30, 2026.
    • Newer filing adds a paragraph addressing redemption of all outstanding 11 3/4% Senior Secured Notes due November 15, 2027 under the DISH Secured Indenture, including that the aggregate principal amount outstanding was $3.5 billion as of June 30, 2026 and is secured by the 600 MHz Licenses.
    • Newer filing cites Note 10 in the Notes to Condensed Consolidated Financial Statements; older filing cited Note 9.
  • Removed:
    • Older filing included the Closing Purchase Price downward adjustment provision for excluded 3.45 GHz and 600 MHz Licenses.
    • Older filing included the Minimum Purchase Price of $18.6 billion and the provision allowing AT&T to elect to pay the Minimum Purchase Price at closing.
    • Older filing stated the DISH 2021 Intercompany Loan Payoff included $2.844 billion due to DISH DBS as of March 31, 2026 for the 2028 Tranche; newer filing states this amount as of June 30, 2026 without the March 31, 2026 date.
  • Reworded:
    • Newer filing replaces 'an aggregate purchase price of $22.650 billion in cash, subject to certain potential adjustments (the 'Closing Purchase Price')' with 'proceeds of $20.250 billion in cash'.
    • Newer filing changes 'The DISH 2021 Intercompany Loan Payoff includes $2.844 billion due to DISH DBS as of March 31, 2026 for the DISH 2021 Intercompany Loan 2028 Tranche.' to 'As of June 30, 2026, the DISH 2021 Intercompany Loan Payoff includes $2.844 billion due to DISH DBS for the DISH 2021 Intercompany Loan 2028 Tranche and $4.767 billion due to us for the DISH 2021 Intercompany Loan 2026 Tranche.'
    • Newer filing changes note reference from 'Note 9' to 'Note 10'.
  • Notes:
    • The provided texts appear to be excerpts from the Risk Factors section and may not represent the complete section in either filing.
    • This comparison is an AI-assisted source comparison and not legal or investment advice.

AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.

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Insider activity (SEC Form 4)

0 open-market purchases and 4 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-05. The 4 days since 2026-10-05 have not been checked yet.

  • Last 90 days · read to 2026-10-050 buys · 4 sells ($1M) — 2 selling insiders
  • Last 180 days · read to 2026-10-050 buys · 9 sells ($10M) — 4 selling insiders

Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)

Most recent open-market transaction: 2026-08-13. Based on Form 4 filings read through 2026-10-05; anything filed since is not yet included.

View full insider trading history → View SEC Form 3/4/5 filings

Ask about ECHO's insider activity →

Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.

Institutional ownership (13F)

6 institutional 13F filers reported holding ECHO as of 2026-06-30 (quarter-end position, filed within 45 days).

  • Distinct 13F filers 6
  • Reported shares held 47,958,634
  • Reported value $4,867,801,339

reported quarterly holdings change (2026-03-31 → 2026-06-30): 1 new, 1 increased, 4 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".

Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.

Ask about ECHO's institutional holders → See what each manager we track holds →

Short interest (FINRA)

ECHO had 26,618,406 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).

Short interest as a percent of shares outstanding is not shown for ECHO because we do not hold a verified share count to divide it by. The reported figures above are unaffected.

  • Reported short interest (shares) 26,618,406
  • Prior settlement (shares) 27,787,201
  • Reported change -4.21%
  • Days to cover (reported) 10.14

Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.

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Competitors & peers

AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.

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Frequently asked questions

What does EchoStar (ECHO) do?

EchoStar is a global provider of satellite communication solutions, pay-TV services, and wireless connectivity. The company operates through its DISH Network subsidiary, offering video and broadband services, while building out its own wireless network infrastructure and managing satellite-based communication networks.

What sector is EchoStar (ECHO) in?

EchoStar (ECHO) is classified in the Communication Services sector. Its industry is Wireless and Satellite Communications. It trades on NASDAQ.

Who are EchoStar's (ECHO) competitors?

Notable peers of EchoStar (ECHO) include T-Mobile, AT&T, Verizon, Charter Communications and Comcast. This peer set is informational only — not financial advice.

Where does stocks-llm's data on ECHO come from?

Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.

Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.

Last updated 2026-07-27.

Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.