EchoStar Corporation (ECHO) Stock Price & Analysis
EchoStar Corporation (ECHO) closed at USD 85.79 on Thursday, October 22, 2026, down 7.39% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 92.64; the Oct 22, 2026 session ranged USD 85.5–90.85 on volume of 3,868,568 shares. Market capitalization is $24.95B, with a 52-week range of USD 65.76–147.25 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:22 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ECHO.md
Key facts (ECHO)
- Last four reported quarters (through Jun 30, 2026): revenue $14.7B, net income -$5.67B (-38.7% margin), free cash flow -$725M (SEC filings).
- 2 of 80 tracked superinvestors hold ECHO (13F, Q2 2026): 0 new, 0 added, 0 reduced, 2 unchanged.
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $10.1M; 2 not under a Rule 10b5-1 plan ($1.2M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.67 on a 1–5 scale) (9 analysts), mean target USD 130.2 (range 103–156).
- Total return with dividends: 1Y +17.5% vs S&P 500 +14.9%; 5Y +255.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.24, revenue estimate $3.47B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ECHO)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $19.8B | $18.6B | $17.0B | $15.8B | $15.0B | $14.7B |
| Operating income | $3.42B | $2.23B | -$278M | -$304M | -$17.7B | -$16.5B |
| Net income | $2.52B | $2.54B | -$1.70B | -$120M | -$14.5B | -$5.67B |
| EPS (diluted) | $7.94 | $8.05 | -$6.28 | -$0.44 | -$50.41 | — |
| Free cash flow | $3.04B | $571M | -$668M | -$292M | -$1.07B | -$725M |
| Operating margin | 17.3% | 12.0% | -1.6% | -1.9% | -118.1% | -112.7% |
| Net margin | 12.7% | 13.6% | -10.0% | -0.8% | -96.6% | -38.7% |
| Revenue growth | +949.8% | -6.0% | -8.7% | -7.0% | -5.2% | — |
| Cash + short-term investments | $1.55B | $4.31B | $2.44B | $5.55B | $2.98B | — |
| Total debt | $1.50B | $1.50B | $19.7B | $25.7B | $18.7B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (ECHO)
P/S 1.7x · EV/Sales 2.8x · P/B 1.8x · FCF yield -2.91% · Earnings yield -22.73% · Net debt $15.5B · EV $40.4B
Superinvestors (SEC 13F-HR, Q2 2026) (ECHO)
2 of 80 tracked investors hold ECHO. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Carl Icahn | Icahn Capital Management | 1.73% | $143M | Unchanged |
| First Pacific Advisors | 0.06% | $4.8M | Unchanged |
Insider sales (SEC Form 4, open-market, last ~7 months) (ECHO)
3 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-12…2026-08-13 | Wade William David | Director | 5,000 | $460K | 86.7% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-07 | Bye Stephen J | Director | 8,508 | $764K | 92.9% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-12 | Manson Dean | CHIEF LEGAL OFFICER | 10,000 | $1.3M | 61.7% | Yes (adopted March 5, 2026) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-05 | Akhavan Hamid | CEO, EchoStar Capital | 52,586 | $6.4M | 5.6% | Yes (adopted March 6, 2026) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-04 | Manson Dean | CHIEF LEGAL OFFICER | 10,000 | $1.2M | 61.7% | Yes (adopted March 5, 2026) | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (ECHO)
Consensus Buy (mean 1.67 on a 1–5 scale), 9 analysts; mean target USD 130.2 (low 103, high 156).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-16 | JP Morgan | Upgrade | Underweight → Overweight | $144 |
| 2026-09-08 | UBS | Upgrade | Neutral → Buy | $127 → $150 |
| 2026-08-04 | TD Cowen | Target lowered | Buy | $155 → $130 |
| 2026-08-04 | Citigroup | Target lowered | Buy | $126 → $117 |
| 2026-07-17 | Raymond James | Upgrade | Market Perform → Strong Buy | $115 |
Total return (dividends reinvested) (ECHO)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +17.5% | +255.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +17.5% | +28.8% |
| Volatility (annualized) | 53.9% | 65.3% |
| Max drawdown | -40.8% (May 2026→Jul 2026) | -67.0% (Nov 2021→Nov 2023) |
ECHO revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Reporting Segments Including Other | $3.59B | 100.3% | -5.8% |
| — Pay Tv (part of Reporting Segments Including Other) | $2.25B | 62.9% | -8.7% |
| — Retail Wireless (part of Reporting Segments Including Other) | $929.0M | 26.0% | -0.3% |
| — Broadband & Satellite Services (part of Reporting Segments Including Other) | $316.9M | 8.9% | -6.7% |
| — Other (part of Reporting Segments Including Other) | $91.5M | 2.6% | +27.4% |
| Total revenue | $3.58B | 100% | — |
ECHO revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Service | $3.30B | 92.3% | -6.7% |
| Equipment Sales & Other Revenue | $274.6M | 7.7% | +48.6% |
| Total revenue | $3.58B | 100% | — |
ECHO revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| North America | $14.72B | 98.1% | -5.1% |
| Other Excluding North America | $287.7M | 1.9% | -9.2% |
| Total revenue | $15.00B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
ECHO suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | AT&T (T) | “We migrated all customer traffic from our 5G Network to AT&T's network as we transitioned to a Hybrid MNO, which we completed as of November 15, 2025.” |
| Customer | Board of Directors of DISH Network | “Online content providers may cause our subscribers to disconnect our DISH TV services ("cord cutting"), downgrade to smaller, less expensive programming packages ("cord shaving") or elect to purchase through these online content providers a certain portion of the services that they would have historically purchased from us.” |
| Customer | Amazon (AMZN) | “We have both an indirect sales channel, which includes third-party owned retail stores and big box stores, as well as online through Amazon and Apple, and a direct sales channel, which services customers online through each respective brand's website.” |
| Customer | Apple (AAPL) | “We have both an indirect sales channel, which includes third-party owned retail stores and big box stores, as well as online through Amazon and Apple, and a direct sales channel, which services customers online through each respective brand's website.” |
| Customer | CONX | “On May 1, 2024, we and CONX entered into a definitive purchase and sale agreement, which provides for CONX's purchase from us of the commercial real estate property in Littleton, Colorado, comprising the corporate headquarters of DISH Wireless.” |
| Customer | DISH Wireless | “On May 1, 2024, we and CONX entered into a definitive purchase and sale agreement, which provides for CONX's purchase from us of the commercial real estate property in Littleton, Colorado, comprising the corporate headquarters of DISH Wireless.” |
| Partner | NagraStar | “We own a 50% interest in NagraStar L.L.C. ("NagraStar"), a joint venture that is our primary provider of encryption and related security systems intended to assure that only authorized customers have access to our programming.” |
| Partner | DISH Network | “As defined and detailed in our Annual Report on Form 10-K for the year ended December 31, 2023, in connection with the completion of the Merger, on December 31, 2023, we and DISH Network entered into a note hedge amendment letter agreement with each option counterparty pursuant to which, at the Effective Time, DISH Network's right to purchase shares of DISH Class A Common Stock pursuant to the terms of the applica…” |
| Partner | Dell Technologies (DELL) | “On July 17, 2020, we entered into a master agreement with Dell to lease certain components of our 5G Network Deployment infrastructure.” |
| Competitor | T-Mobile (TMUS) | “We compete with a number of national wireless carriers, including Verizon, AT&T and T-Mobile, all of which are significantly larger than us, serve a significant percentage of all wireless subscribers and enjoy scale advantages compared to us as the only nationwide MNOs in the United States.” |
| Competitor | SpaceX | “In the in-flight connectivity market, we compete against direct and indirect providers of in-flight WiFi services, such as ViaSat Communications, Inc., which is owned by ViaSat, Inc. ("ViaSat") and Starlink Services LLC, which is owned by Space Exploration Technologies Corp. ("SpaceX").” |
| Competitor | Verizon (VZ) | “We compete with a number of national wireless carriers, including Verizon, AT&T and T-Mobile, all of which are significantly larger than us, serve a significant percentage of all wireless subscribers and enjoy scale advantages compared to us as the only nationwide MNOs in the United States.” |
Quoted from the company's 10-K filed Mar 2, 2026.
Companies that name ECHO in their SEC reports
| Relationship to ECHO | Company | Filing | Sentence |
|---|---|---|---|
| supplier | MAXLINEAR, INC (MXL) | 10-K Jan 29, 2026 | “Even if we succeed, additional testing and operational certifications will be required by the OEMs' customers, which include large Pay-TV television companies such as Comcast Corporation, Liberty Global plc, Charter Communications, Inc., Sky UK Limited, AT&T Inc. and EchoStar Corporation.” |
ECHO analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.24 | $0.21 | +17.4% | $3.47B | 4 |
| Next quarter (ends Dec 2026) | $0.48 | $0.59 | -18.1% | $3.55B | 4 |
| Current fiscal year (ends Dec 2026) | $24.58 | $-0.65 | -3876.2% | $14.24B | 6 |
| Next fiscal year (ends Dec 2027) | $12.05 | $10.38 | +16.2% | $13.39B | 8 |
Key Statistics (as of October 23, 2026 at 09:22 UTC)
| Price | USD 85.79 |
|---|---|
| Change | ▼ 7.39% (down) |
| Previous Close | USD 92.64 |
| Open | USD 90.5 |
| Day Range | USD 85.5 – 90.85 |
| 52-Week Range | USD 65.76 – 147.25 |
| Volume | 3,868,568 shares |
| Market Cap | $24.95B |
| Exchange | NMS |
Technical Analysis (ECHO)
Nexqual's technical model rates ECHO "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:22 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 42.93 (neutral) |
| vs SMA50 | Below (USD 90.63) |
| MACD | -1.17 (negative) |
Analyst Ratings (ECHO)
Wall Street analysts rate ECHO "Buy" based on 9 analysts, with a mean price target of USD 130.2 (range USD 103–156), per Nexqual as of October 23, 2026 at 09:22 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 9 |
| Mean Target | USD 130.2 |
| High Target | USD 156 |
| Low Target | USD 103 |
| Buy / Hold / Sell | 9 / 0 / 0 |
Earnings (ECHO)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD -0.1 |
| Revenue Estimate | $3.47B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 24.12 vs est -0.09 ▲ beat |
| 2026-03-31 | USD -0.51 vs est -0.56 ▲ beat |
| 2025-12-31 | USD -4.16 vs est -0.75 ▼ miss |
| 2025-09-30 | USD -44.37 vs est -1.13 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financials & Fundamentals (ECHO)
| Total Revenue | $14.65B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -4.00% |
| Gross Margin | +29.54% |
| Operating Margin | +14.28% |
| Profit Margin | -38.71% |
| ROE | -33.43% |
| Debt / Equity | 1.24 |
| Current Ratio | 5.2 |
| Total Cash | $496.19M |
| Total Debt | $17.58B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$725.18M (-4.9% of revenue) |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financial Health Score (ECHO)
Nexqual rates EchoStar Corporation's overall financial health "Weak" across five dimensions, as of October 23, 2026 at 09:22 UTC.
| Growth | Weak — Revenue -5% YoY (annual), declining |
|---|---|
| Profitability | Solid — Gross margin 30%, operating 14% (last 12 months) |
| Balance Sheet | Mixed — $496M cash and investments vs $16.0B debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$725M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -33%, ROA 1.3% |
Ownership (ECHO)
| Insider Ownership | +13.50% |
|---|---|
| Institutional Ownership | +110.15% |
| Shares Outstanding | 159.47M |
| Float | 137.61M |
| Short % of Float | +22.50% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Leadership (ECHO)
EchoStar Corporation is led by Charles William Ergen, Co-Founder, President, CEO & Executive Chairman of the Board, per Nexqual as of October 23, 2026 at 09:22 UTC.
| Co-Founder, President, CEO & Executive Chairman of the Board | Charles William Ergen |
|---|---|
| Executive VP & CFO | Paul W. Orban |
| President of Technology & COO | John W. Swieringa |
| Executive Vice President of Corporate and Business Development | Kenneth G. Carroll |
| Senior Advisor & Director | Cantey McAdam Ergen |
Major Backers & Investors (ECHO)
Notable institutional backers of EchoStar Corporation include Wellington Management, Darsana Capital Partners, LP, UBS Group AG, according to Nexqual as of October 23, 2026 at 09:22 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Wellington Management | 5.27% |
| Darsana Capital Partners, LP | 3.14% |
| UBS Group AG | 3.07% |
| Arini Capital Management Ltd | 3.03% |
| SELECT SECTOR SPDR TRT-State Street Communication Services Select Sect | 2.52% |
| Pentwater Capital Management Lp | 2.42% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 9.24% |
| BlackRock | 7.96% |
| State Street | 6.69% |
| Geode Capital | 2.48% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
From EchoStar Corporation's Latest SEC 10-K Filing (filed 2026-03-02)
Key Strengths & Strategy (as disclosed to the SEC)
- The aggregate amount of payments for the Interim Debt Service through November 30, 2027 will equal approximately $2 billion and will be settled via a loan between us and SpaceX that automatically cancels upon the completion of the Spectrum Acquisition Closing.
- We were operating our Wireless segment primarily as an MVNO and secondarily as an MNO, each defined below, as we continued to commercialize our wireless spectrum licenses through the completion of the nation's first cloud-native, Open Radio Access Network ("O-RAN") based 5G VoNR and broadband network (our "5G Network") and grow customer traffic on our 5G Network.
- We currently offer a broad range of premium wireless devices, including the latest generation iPhones, as well as a wide selection of Samsung, Motorola and other premium devices.
- The SpaceX License Purchase Agreement also provides for future long-term commercial agreements that will enable us to offer our Wireless subscribers access to SpaceX's next-generation Starlink Direct to Cell text and voice and broadband services utilizing certain rights and licenses related to the Spectrum that are to be conveyed by us to SpaceX at the Spectrum Acquisition Closing.
Partnerships
- Simultaneously with the execution of the AT&T License Purchase Agreement, DISH Wireless L.L.C., our subsidiary and AT&T Mobility LLC, a subsidiary of AT&T, entered into the Fifth Amendment (the "Fifth Amendment") and the Sixth Amendment (the "Sixth Amendment") to the Network Services Agreement dated as of July 14, 2021 by and among DISH Wireless L.L.C. and AT&T Mobility LLC (as amended, the "NSA").
- As a result of this change, the total consideration for the SpaceX Transactions has increased from $17 billion to approximately $20 billion, with up to $11 billion to be paid in SpaceX's Class A Common Stock, valued at $212 per share (the "Amended Equity Amount").
Legal & Regulatory Risks (Item 1A, quoted)
- We are, and may become, party to various lawsuits which, if adversely decided, could have a significant adverse impact on our business, particularly lawsuits regarding intellectual property.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| VIV | Telefonica Brasil S.A. | USD 13.08 | ▲ 1.24% |
| VOD | Vodafone Group Plc | USD 16.12 | ▲ 1.7% |
| CHT | Chunghwa Telecom Co., Ltd. | USD 48.72 | ▲ 2.57% |
| BCE | BCE, Inc. | USD 20.81 | ▲ 4.15% |
| RCI | Rogers Communication, Inc. | USD 33.2 | ▲ 4.57% |
| CHTR | Charter Communications, Inc. | USD 111.77 | ▲ 4.2% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:22 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt