EchoStar (SATS)
Operates DISH, Sling, Boost, and Hughes connectivity services while reshaping its spectrum portfolio.
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Combines pay-TV and wireless subscriptions under DISH, Sling, Boost, and Gen Mobile with Hughes satellite equipment and managed networks. Spectrum sales shifted Boost to a hybrid model built around AT&T’s network, while major U.S. operating subsidiaries undergo court-supervised reorganizations.
Provides DISH TV satellite television, Sling TV streaming, Boost Mobile and Gen Mobile wireless service, and Hughes and EchoStar Mobile satellite connectivity. Hughes supplies consumer broadband, managed networks, in-flight connectivity, and satellite equipment across the Americas and international markets.
The operating model changed after a nationwide spectrum sale to AT&T and agreements to sell other licenses to SpaceX. Boost retains its cloud core but routes customer traffic primarily over AT&T’s network. EchoStar Capital is tasked with investing proceeds in communications and adjacent businesses.
DISH TV and Sling depend on programming access and a declining pay-TV base; Hughes depends on satellite capacity and is refocusing its U.S. business on enterprise, government, and defense customers. DISH DBS, DISH Wireless, and Hughes’s U.S. entities are in court-supervised bankruptcy reorganizations, while Charles W. Ergen controls shareholder votes through supervoting shares.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $496.2M · Total debt $17.55B · Total assets $39.43B · Shareholders' equity $14.20B
- Revenue
- $3.58B
- Operating income
- $512.9M
- Net income
- $8.46B
No dividends on record.
| Institutions | ≥ 53.93% | 156.66M shares | |
|---|---|---|---|
| 813 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 66.05% | 191.87M shares | |
| 14 holders · as of Jul 31, 2026 | |||
| Strategic holders | 21.64% | 62.87M shares | |
| 1 holder · as of May 15, 2026 | |||
| Adds to | 141.62% | ||
290.49M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Institutional filings for ECHO (55% of the company) are not on file here, so the institutional figure is a floor.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 141.62%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Charles W. Ergen1,2Insiderdirector, 10 percent owner, officer: CHAIRMAN, PRES and CEO | 51.18% | 148.68M COMPANY | filed Jul 31, 2026 |
Telluray Holdings, LLCStrategic10 percent owner | 21.64% | 60.52M B · 2.35M A | filed May 15, 2026 |
Two-Year May 2025 SATS GRAT ErgenInsider10 percent owner | 7.95% | 23.10M B | filed May 15, 2026 |
Two-Year July 2024 SATS GRAT ErgenInsider10 percent owner | 6.39% | 18.56M B | filed Jul 14, 2025 |
BlackRock, Inc.Institution | 4.37% | 12.69M A | as of Jun 30, 2026 |
- Charles W. Ergen's transaction reports restate only vehicles that traded; the 2026 ownership statement (148.68M) is used instead.
- Charles W. Ergen reports a block also reported by another filer; it is counted once, under that filer.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 12, 2026 | Dean Manson | officer: CHIEF LEGAL OFFICER | −4,000 | $130.39 |
| Jun 5, 2026 | Hamid Akhavan | director, officer: CEO, EchoStar Capital | −52,586 | $121.00 |
| Jun 4, 2026 | Dean Manson | officer: CHIEF LEGAL OFFICER | −10,000 | $119.50 |
| Mar 6, 2026 | Hamid Akhavan | director, officer: CEO, EchoStar Capital | −71,005 | $107.52 |
| Mar 5, 2026 | Dean Manson | officer: CHIEF LEGAL OFFICER | −19,031 | $114.56 |
- Viasat
GEO satellite operator competing across broadband, enterprise VSAT, and MSS.
- T-Mobile
Nation's #2 wireless carrier; named in 10-K; former Boost MVNO host network.
- AT&T
10-K MNO competitor; Boost MVNO host; Cricket Wireless vs Boost in prepaid.
- Verizon
Largest wireless service revenue in U.S.; FWA broadband encroaches on HughesNet.
- Comcast
Largest U.S. cable; bundled broadband+video undercuts DISH TV and HughesNet.
- Charter Communications
Second-largest U.S. cable; Spectrum TV and Mobile bundle undercuts DISH.
- Iridium Communications
LEO MSS satellite leader; explicitly flagged EchoStar/SpaceX deal as a threat.
- Alphabet Class A
YouTube TV leads vMVPD at ~10M subscribers vs Sling TV; Alphabet is parent.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| EchoStar | $86.98 | −5.04% | $25.07B | — | 38.3 | 1.7 | −5.2% |
| Viasat | $75.38 | −1.32% | $10.52B | — | — | 2.3 | −1.2% |
| T-Mobile | $165.00 | −0.16% | $177.28B | 17.3 | 13.1 | 1.9 | +7.9% |
| AT&T | $25.36 | −0.35% | $174.53B | 8.5 | 10.5 | 1.4 | +2.3% |
| Verizon | $47.33 | −0.74% | $199.09B | 12.4 | 9.3 | 1.4 | −0.7% |
| Comcast | $22.86 | −0.31% | $81.37B | 7.4 | 6.6 | 0.7 | −1.2% |
| Charter Communications | $120.80 | −2.07% | $16.62B | 3.2 | 2.8 | 0.3 | −1.7% |
| Iridium Communications | $48.63 | +0.87% | $5.11B | 54.8 | 41.2 | 5.8 | +3.8% |
| Alphabet Class A | $358.40 | +0.97% | $4.30T | 17.8 | 26.7 | 9.6 | +24.2% |
| Median | 12.4 | 10.5 | 1.7 | +0.8% |