EchoStar(NASDAQ) SATS

EchoStar Corporation helps people watch TV and use the internet. It provides mobile phone plans for families and businesses. The company also manages satellite networks for global customers.

Connecting the Home and Hand

• Pay-TV Services: Delivers television through satellite and internet streaming under the DISH and Sling TV brands; revenue was $4.543 billion for the six months ended June 30, 2026.
• Retail Wireless: Provides mobile phone services and devices through Boost Mobile and Gen Mobile; revenue reached $1.892 billion for the six-month period ended June 30, 2026.
• Broadband and Satellite: Offers high-speed internet to homes and businesses via the HughesNet brand; revenue was $647 million for the half-year ended June 30, 2026.

Big Moves and Major Sales

• Entered an agreement in August 2025 to sell wireless spectrum licenses to AT&T for $20.250 billion in cash.
• Partnered with SpaceX in September 2025 to sell specific airwave rights and enable satellite-to-cell phone services.
• Transitioned to a hybrid mobile network model in November 2025 by migrating wireless customer traffic to AT&T's network.
• Deconsolidated its DISH DBS and DISH Wireless units in June 2026 following their voluntary chapter 11 bankruptcy filings, a legal process for debt restructuring.

Sky-High Infrastructure Strengths

EchoStar utilizes a diverse fleet of owned and leased satellites to provide connectivity to rural and underserved areas in the Americas. The company operates a cloud-native 5G network core to support its mobile services through high-capacity partnerships with other national carriers.

Six Months of Financial Results

• Consolidated revenue was $7.244 billion for the six-month period ended June 30, 2026, down 4.6% year over year.
• Operating income reached $906 million for the first half of 2026, compared to an operating loss of $302 million in the prior year period.
• Pay-TV average monthly revenue per subscriber was $111.27 during the six months ended June 30, 2026.
• Wireless service revenue reached $1.733 billion for the six-month period ended June 30, 2026.

A Giant in Transition

EchoStar is shifting away from traditional satellite broadcasting to focus on its mobile wireless business and strategic asset sales. The company has used major spectrum deals and corporate restructuring to simplify its operations and manage its debt profile.