EchoStar 3Q 2026: Revenue $1.13B, EPS $7.97— 10-Q Summary

What happened

EchoStar reported third-quarter 2026 revenue of $1.13B, down 68.8% from $3.61B a year earlier, after bankruptcy-related deconsolidations removed most Pay-TV, Broadband and Satellite Services operations from reported results. Net income was $2.78B and diluted EPS was $7.97, versus a $12.78B loss and $44.37 loss per share a year earlier.

Confirmed

Global impact / market context

The huge revenue drop mostly reflects businesses leaving reported results, not weaker selling. The swing to profit plus wireless revenue growth of 2.3% and a 5.1% rise in average revenue per user suggest the remaining wireless operation earns more per customer, though 182,000 lost subscribers and higher churn show growth remains fragile.

Analyst inference

EchoStar is reshaping itself after selling spectrum: the AT&T spectrum purchase closed in July 2026 and the SpaceX transfer closed in May after FCC approval. It now runs a hybrid network using AT&T's network, while DISH DBS emerged from bankruptcy on October 1, 2026, which means it left court protection and EchoStar plans to add it back into reported results.

Analyst inference

What to watch

1. Reconsolidation of DISH DBS after its October 1, 2026 bankruptcy exit will change future reported revenue and costs, so compare later results against the new, larger basis rather than this quarter's shrunken figures. Confirmed
2. Watch whether wireless subscriber losses of 182,000 and rising churn continue, because fewer customers shrink service revenue even if average revenue per user keeps climbing 5.1%. Analyst inference
3. Watch cash needs as EchoStar builds its hybrid network on AT&T's network, since network costs and lower marketing spending affect both cash available and the path to profitable growth. Analyst inference

Evidence

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