EchoStar Corporation (ECHO) AI Stock Analysis
ECHO AI stock analysis summary
AI ResearchEchoStar Corporation is a telecom and connectivity provider operating pay-TV, retail wireless, and satellite broadband networks. Top-line revenue contracted from $19.82B in FY2021 to $15.00B in FY2025, culminating in a net loss of -$14.50B. The company holds $17.55B in total debt against $496.2M in cash and short-term investments, while trading at a forward P/E of 4.7x.
- Market cap
- $24.83B
- Revenue (TTM)
- $14.65B
- P/E
- — fwd 4.7x
- 1Y return
- 18.0% S&P 500 16.8%
- Avg. target
- $130.20 52.5% vs last close
Bull case
- Wall Street coverage is entirely positive with 6 Strong Buy and 2 Buy ratings, setting a mean price target of $130.20 that represents 52.5% upside from the last close of $85.37.
- EchoStar trades at a forward P/E of 4.7x and a PEG of 0.92, well below the forward P/E median of 15.4x for its S&P 500 Communication Services peers.
- The stock has outperformed broader markets over five years, gaining 235.7% versus 83.0% for the S&P 500 (SPY).
Bear case
- EchoStar reported a net loss of -$14.50B in FY2025 as revenue fell 5.2% to $15.00B, extending annual top-line declines from $19.82B in FY2021.
- The company carries $17.55B in total debt and $17.06B in net debt against $496.2M in cash and short-term investments as of June 30, 2026.
- Free cash flow remained negative for the third consecutive year at -$1.07B in FY2025, accompanied by negative operating cash flow of -$99.4M.
What EchoStar does
EchoStar Corporation is a connectivity company headquartered in Englewood, Colorado. Following its combination with DISH Network at the end of 2023, its operations have included pay-TV services through DISH TV and Sling TV, wireless service under the Boost Mobile brand, and satellite broadband and enterprise networking through Hughes. The Hughes business designs and operates satellite broadband networks, supplying managed network services, equipment, and satellite capacity to consumers, enterprises, and government customers globally. EchoStar also owns and operates a fleet of communications satellites and agreed in 2025 to sell wireless spectrum licenses to SpaceX and AT&T.
Growth and profitability
EchoStar generated $15.00B in revenue in FY2025, representing a 5.2% decline from $15.83B in FY2024 and continuing a contraction from $19.82B in FY2021. Gross margin decreased from 36.9% in FY2021 to 25.8% in FY2025, while operating margin fell from 17.3% to -0.6%. Net income dropped from $2.49B in FY2021 to -$14.50B in FY2025, producing an EPS of -$7.12. Operating cash flow turned negative in FY2025 at -$99.4M, alongside free cash flow of -$1.07B. Over the trailing twelve months through June 30, 2026, revenue stood at $14.65B, with quarterly revenue down 4.0% year-over-year.
Balance sheet and cash flow
As of June 30, 2026, EchoStar held $496.2M in cash and short-term investments alongside $17.55B in total debt, resulting in net debt of $17.06B. Shareholders' equity was $14.20B, yielding a debt-to-equity ratio of 1.24, with a current ratio of 5.20. Total assets were $39.43B. In FY2025, the company spent $965.7M on capital expenditures and directed $48.5M toward share buybacks, while its five-year share count increased by 297.3%.
Valuation and performance
EchoStar carries an enterprise value of $44.04B and trades at a forward P/E of 4.7x, below the 15.4x median of its S&P 500 Communication Services peers. Its EV to EBITDA ratio of 20.1x is higher than the peer median of 10.9x, while its price-to-sales multiple of 1.7x sits below the peer median of 1.9x. The stock has returned 18.0% over the past year, exceeding the S&P 500 (SPY) return of 16.8%, and has gained 235.7% over five years compared to 83.0% for the index. Year-to-date, the shares are down 21.5%.
What analysts expect
Wall Street analysts hold 6 Strong Buy and 2 Buy ratings on EchoStar, with no Hold, Sell, or Strong Sell ratings. The mean price target of $130.20 represents a 52.5% premium to the last closing price of $85.37. For FY2026, consensus estimates project revenue of $14.24B and EPS of $31.13. For FY2027, 6 analysts project revenue of $13.39B and EPS of $15.70. EchoStar has beaten EPS estimates in 3 of the last 4 quarters, and its next earnings report is scheduled for November 5, 2026.
Key risks and what to watch
- High leverage presents a financial risk, with total debt reaching $17.55B and a debt-to-equity ratio of 1.24 as of June 30, 2026.
- Top-line contraction continues, with quarterly revenue falling 4.0% year-over-year in the latest quarter and FY2027 revenue projected to fall 6.0% to $13.39B.
- Short interest is elevated, with short positions accounting for 22.5% of the float.
- Substantial equity dilution has occurred, reflected in a 297.3% increase in the share count over five years.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this ECHO AI stock analysis
This page is an AI-written research summary of EchoStar Corporation (ECHO). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: ECHO income statement, ECHO balance sheet, ECHO key metrics, ECHO analyst forecast, ECHO chart. See the ECHO stock overview for the latest quote and news.
ECHO AI stock analysis FAQ
What is EchoStar's stock ticker symbol?
EchoStar Corporation trades on the NASDAQ under the ticker ECHO, having changed its symbol from SATS in June 2026.
Does EchoStar pay a dividend?
EchoStar does not pay a dividend. In FY2025, its capital allocation included $965.7M for capital expenditures and $48.5M for share buybacks.
What are analysts expecting for EchoStar's earnings?
For the fiscal year ending December 31, 2026, analysts estimate an EPS of $31.13 on $14.24B in revenue, followed by an EPS estimate of $15.70 on $13.39B in revenue for FY2027.
How much debt does EchoStar have?
As of June 30, 2026, EchoStar held $17.55B in total debt and $496.2M in cash and short-term investments, leaving net debt at $17.06B with a debt-to-equity ratio of 1.24.