EchoStar Corp

Latest Results (18.05.2026):

EchoStar Corporation (EchoStar Corp) reported results for the first quarter of 2026. Total revenue was $3.67 billion and net loss attributable to EchoStar was $146.9 million (diluted loss per share $0.51), an improvement versus the year‑ago quarter. Segment OIBDA and adjusted OIBDA increased year over year, while pay‑TV and broadband subscribers continued to decline and the company reduced outstanding debt during the quarter.

Top-line and profit

Q1 2026 total revenue: $3.67 billion (down from $3.87B in Q1 2025). Net loss attributable to EchoStar: $146.9 million vs. $202.7M a year ago. Diluted loss per share: $0.51 vs. $0.71 in Q1 2025.

Segment performance (revenue)

Pay‑TV revenue: $2.294 billion; Wireless: $962.5 million; Broadband & Satellite Services: $329.7 million; Other: $91.0 million. Consolidated revenue decline was driven largely by lower Pay‑TV and broadband service revenue.

OIBDA and adjusted OIBDA

Reported OIBDA: $559.4 million (up from $400.2M). Adjusted OIBDA: $493.3 million (vs. $400.2M prior). Pay‑TV OIBDA declined to $527.4M from $729.9M; Wireless moved to positive OIBDA of $13.7M (from -$73.7M); Broadband OIBDA rose to $94.1M.

Subscriber trends

Pay‑TV net loss of ~366,000 subscribers in Q1 2026 (vs. -381,000 a year ago); total pay‑TV subscribers ended at 6.63 million (4.84M DISH TV; 1.79M Sling TV). Retail wireless added ~16,000 subscribers to finish at 7.53 million. Broadband customers declined ~58,000 to 681,000.

Cash, balance sheet and liquidity

Cash and cash equivalents per balance sheet: $1.344 billion (March 31, 2026). Total assets: $41.38 billion; total liabilities: $35.70 billion; total stockholders’ equity (deficit): $5.68 billion. Ending cash, cash equivalents and restricted cash per the statement of cash flows: $1.486 billion.

Cash flow, capex and financing

Net cash from operating activities: $238.3 million. Purchases of property and equipment (including capitalized interest): $133.4 million (down from $378.5M in Q1 2025). Investing cash inflow was $849.1M (driven by sales/maturities of marketable securities). Financing outflows totaled $1.7835B, including $1.7871B of debt redemptions/repurchases.

Non‑cash items and one‑time impacts

Depreciation & amortization: $166.6M (vs. $488.3M prior). Impairments and other reduced results by $66.2M (recorded in the Other segment) and are reflected in adjusted OIBDA reconciliation.

Other items

EchoStar filed its Form 10‑Q for the quarter ended March 31, 2026 and will not host a live conference call; all materials are available on EchoStar’s investor relations site.