# EchoStar CORP: overview

ECHO · Nasdaq · CIK 1415404 · [Communication](/sectors/communication.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/echo.md) · [Financials](/companies/echo/financials.md) · [Filings](/companies/echo/filings.md) · [Insiders](/companies/echo/insiders.md)

Latest reported revenue: [$3.58bn](/filings/0001104659-26-089370.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 3, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001104659-26-089370).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [3,891](/filings/0001104659-25-107277.md) | [3,967 d](/filings/0001104659-26-021817.md) | [3,870](/filings/0001104659-26-058150.md) | [3,725](/filings/0001104659-26-089370.md) | [3,614](/filings/0001104659-25-107277.md) | [3,796 d](/filings/0001104659-26-021817.md) | [3,667](/filings/0001104659-26-058150.md) | [3,576](/filings/0001104659-26-089370.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(4.1%)](/filings/0001104659-25-107277.md) | [(1.6%) d](/filings/0001104659-26-021817.md) | [(2.3%)](/filings/0001104659-26-058150.md) | [(5.7%)](/filings/0001104659-26-089370.md) | [(460.5%)](/filings/0001104659-25-107277.md) | [(20.5%) d](/filings/0001104659-26-021817.md) | [10.7%](/filings/0001104659-26-058150.md) | [14.3%](/filings/0001104659-26-089370.md) |
| Net margin | % | [(3.6%)](/filings/0001104659-25-107277.md) | [8.6% d](/filings/0001104659-26-021817.md) | [(5.2%)](/filings/0001104659-26-089370.md) | [(8.2%)](/filings/0001104659-26-089370.md) | [(353.6%)](/filings/0001104659-25-107277.md) | [(31.8%) d](/filings/0001104659-26-021817.md) | [(4.0%)](/filings/0001104659-26-089370.md) | [236.6%](/filings/0001104659-26-089370.md) |
| Diluted EPS | $ per share | [(0.52)](/filings/0001104659-25-107277.md) | not reported | [(0.71)](/filings/0001104659-26-058150.md) | [(1.06)](/filings/0001104659-26-089370.md) | [(44.37)](/filings/0001104659-25-107277.md) | not reported | [(0.51)](/filings/0001104659-26-058150.md) | [24.12](/filings/0001104659-26-089370.md) |
| Free cash flow | $m | [(57.5) d](/filings/0001104659-25-107277.md) | [(299) d](/filings/0001104659-26-021817.md) | [(51.7)](/filings/0001104659-26-058150.md) | [(286) d](/filings/0001104659-26-089370.md) | [(144) d](/filings/0001104659-25-107277.md) | [(583) d](/filings/0001104659-26-021817.md) | [105](/filings/0001104659-26-058150.md) | [(102) d](/filings/0001104659-26-089370.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [19.8](/filings/0001558370-24-002209.md) | [18.6](/filings/0001558370-25-001663.md) | [17.0](/filings/0001104659-26-021817.md) | [15.8](/filings/0001104659-26-021817.md) | [15.0](/filings/0001104659-26-021817.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [17.3%](/filings/0001558370-24-002209.md) | [12.0%](/filings/0001558370-25-001663.md) | [(1.6%)](/filings/0001104659-26-021817.md) | [(1.9%)](/filings/0001104659-26-021817.md) | [(118.1%)](/filings/0001104659-26-021817.md) |
| Net margin | % | [12.7%](/filings/0001558370-24-002209.md) | [13.6%](/filings/0001558370-25-001663.md) | [(10.0%)](/filings/0001104659-26-021817.md) | [(0.8%)](/filings/0001104659-26-021817.md) | [(96.6%)](/filings/0001104659-26-021817.md) |
| Diluted EPS | $ per share | [7.94](/filings/0001558370-24-002209.md) | [8.05](/filings/0001558370-25-001663.md) | [(6.28)](/filings/0001104659-26-021817.md) | [(0.44)](/filings/0001104659-26-021817.md) | [(50.41)](/filings/0001104659-26-021817.md) |
| Free cash flow | $bn | [3.0](/filings/0001558370-24-002209.md) | [0.6](/filings/0001558370-25-001663.md) | [(0.7)](/filings/0001104659-26-021817.md) | [(0.3)](/filings/0001104659-26-021817.md) | [(1.1)](/filings/0001104659-26-021817.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Net income: us-gaap:NetIncomeLoss.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/echo/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $1.29bn | 12,689,769 |  | Reduced −6,118,009 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $1.08bn | 10,661,913 |  | Reduced −3,884,913 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $897.4m | 8,841,556 |  | Added +147,938 |
| [WELLINGTON MANAGEMENT GROUP LLP](/funds/902219.md) | 2026-06-30 | $853.3m | 8,407,289 |  | Added +973,336 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $714.2m | 7,036,200 | Call | Added +1,689,900 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $598.9m | 5,900,756 |  | Reduced −505,781 |
| [Darsana Capital Partners LP](/funds/1609098.md) | 2026-06-30 | $507.5m | 5,000,000 |  | Reduced −2,000,000 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $496.1m | 4,887,768 |  | Added +1,459,465 |
| [Arini Capital Management Ltd](/funds/2056819.md) | 2026-06-30 | $491.2m | 4,839,158 |  | Added +1,387,813 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $401.2m | 3,962,510 |  | Reduced −706,998 |

## Recent filings

[All 1,099 filings](/companies/echo/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-02 | 11:55 ET | [8-K](/filings/0001415404-26-000048.md) | 1.01 Entry into a material agreement; 2.01 Completion of an acquisition or disposition; 9.01 Financial statements and exhibits | 0001415404-26-000048 |
| 2026-09-18 | 20:50 ET | [DEF 14A](/filings/0001104659-26-108960.md) | Proxy statement, period 2026-10-30 | 0001104659-26-108960 |
| 2026-08-07 | 20:20 ET | [8-K](/filings/0001415404-26-000042.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001415404-26-000042 |
| 2026-08-03 | 10:18 ET | [8-K](/filings/0001415404-26-000038.md) | 1.03 Bankruptcy or receivership; 2.04 Item not in the standard list; 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001415404-26-000038 |
| 2026-08-03 | 10:02 ET | [10-Q](/filings/0001104659-26-089370.md) | Quarterly report, period 2026-06-30 | 0001104659-26-089370 |
| 2026-07-31 | 20:15 ET | [SCHEDULE 13D/A](/filings/0001104659-26-089218.md) | Ownership report, active investor, amended | 0001104659-26-089218 |
| 2026-07-28 | 20:14 ET | [8-K](/filings/0001415404-26-000035.md) | 1.02 Termination of a material agreement; 2.01 Completion of an acquisition or disposition; 8.01 Other events; 9.01 Financial statements and exhibits | 0001415404-26-000035 |
| 2026-07-22 | 20:15 ET | [SCHEDULE 13D/A](/filings/0001104659-26-085813.md) | Ownership report, active investor, amended | 0001104659-26-085813 |
| 2026-07-14 | 20:17 ET | [SCHEDULE 13D/A](/filings/0001104659-26-083513.md) | Ownership report, active investor, amended | 0001104659-26-083513 |
| 2026-07-07 | 13:01 ET | [8-K](/filings/0001104659-26-080994.md) | 5.02 Departure or appointment of officers or directors; 8.01 Other events | 0001104659-26-080994 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-021817.md), filed Mar 2, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/e1dec592-68ba-4a68-86bd-46876188fdf5)

## About the filer

- CIK: 1415404
- Tickers: ECHO
- Exchange: Nasdaq
- SIC code: 4899 Communications Services, NEC
- State of incorporation: NV
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:39 ET. No prices; not investment advice.