EchoStar Q2 Revenue Drops to $3.58B, Net Income Hits $8.46B on $9.7B Deconsolidation Gain
ECHO has more than doubled off its 52-week low of $26.04.
Summary
EchoStar reported Q2 2026 revenue of $3.58 billion, down from $3.72 billion a year ago, while net income swung to $8.46 billion from a $306 million loss, driven entirely by a $9.73 billion non-cash gain from deconsolidating its bankrupt DISH units. Excluding that one-time item, net income would have been roughly $49 million. Subscriber losses continued across all segments: pay-TV shed 241,000, retail wireless lost 118,000, and broadband dropped 59,000. This follows the July 28 closing of the $20.25 billion AT&T spectrum sale and the August 3 Chapter 11 filing by Hughes Satellite Systems, underscoring a company in the midst of a radical restructuring. The headline net income figure is misleading—the core business remains under pressure with declining subscribers and modest adjusted profitability. The conference call at noon ET today will be critical for management's outlook on the remaining operations post-bankruptcy and spectrum sale.
At the time of this announcement, ECHO was trading at $86.13 on NASDAQ in the Technology sector, with a market capitalization of approximately $24.4B. The 52-week trading range was $26.04 to $147.25. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.