---
title: "EchoStar Q3 2026 Earnings: Revenue down 69% to $1.13B on deconsolidation"
description: "EchoStar revenue fell to $1.13B from $3.61B after Pay-TV and Broadband were deconsolidated, while net income was $2.78B against a $12.78B loss, lifted by a $3"
url: https://www.orbitalpha.cloud/results/echo-q3-2026
updated: 2026-11-03
---

# EchoStar Q3 2026 results
Updated 3 Nov 2026 from live prices and SEC filings
EchoStar revenue fell to $1.13B from $3.61B after Pay-TV and Broadband were deconsolidated, while net income was $2.78B against a $12.78B loss, lifted by a $3.11B AT&T spectrum sale gain. Wireless lost 182,000 subscribers to 7.19M.

EchoStar ([ECHO](https://www.orbitalpha.cloud/stocks/echo)) reported results for the three months to 30 September 2026 on 3 Nov 2026. Revenue down 69% to $1.13B on deconsolidation, net income $2.78B.

## The numbers
| Measure | Q3 2026 | Change |
|---|
| Revenue | $1.13B | from $3.61B |
| Wireless revenue | $905.2M | -3.4% (from $936.6M) |
| Wireless service revenue | $855M | +2.3% |
| Broadband and Satellite Services revenue | $119.3M | from $345.8M |
| Operating income | $147.8M | from a loss of $16.64B |
| Net income attributable to EchoStar | $2.78B | from a loss of $12.78B |
| Diluted EPS | $7.97 | from a loss of $44.37 |
| Adjusted OIBDA | $242.2M | from $230.9M |
| AT&T Transactions gain | $3.11B | one-off |
| Cash and equivalents | $13.44B | from $1.88B at end of 2025 |
| Wireless subscribers | 7.193M | from 7.520M |
| Wireless net additions | -182,000 | from +223,000 |
| Wireless ARPU | $39.11 | from $37.22 |
| Wireless churn | 2.97% | from 2.86% |

## What stood out
- Revenue fell mainly because substantially all of the Pay-TV and Other segments were deconsolidated from 30 June 2026 and substantially all of Broadband and Satellite Services from 31 July 2026.
- The AT&T spectrum sale closed on 28 July 2026, bringing $20.25B in cash, with a further $2.4B paid by AT&T directly into the Wireless Creditor Trust.
- DISH DBS emerged from its prepackaged Chapter 11 on 1 October 2026 and will be reconsolidated; the DISH Wireless Chapter 11 cases remain pending.
- The SpaceX spectrum licences were transferred to a trust in May 2026, with the acquisition closing still targeted for 30 November 2027.
- EchoStar reported through its 10-Q only, with no results press release or conference call.

## How the shares reacted
Shares were at $101.80, up more than 3%, in early morning trading on 3 November 2026, according to Fierce Network.

## More on EchoStar
- [ECHO stock: live price, filings, insider trades and contracts](https://www.orbitalpha.cloud/stocks/echo)
- [Chart ECHO on TradingView ($15 off a paid plan)](https://www.tradingview.com/chart/?symbol=ECHO&aff_id=1173251&aff_sub=ECHO&source=orbitalpha)
- [All space stock results](https://www.orbitalpha.cloud/results)
- [Space stocks earnings calendar](https://www.orbitalpha.cloud/space-stocks/earnings-calendar)

## Sources
- [EchoStar Form 10-Q for the quarter ended 30 September 2026 (SEC EDGAR)](https://www.sec.gov/Archives/edgar/data/1415404/000110465926121675/sats-20260930x10q.htm)
- [EchoStar 10-Q filing index, 3 November 2026 (SEC EDGAR)](https://www.sec.gov/Archives/edgar/data/1415404/000110465926121675/0001104659-26-121675-index.htm)
- [Did Profit Rebound Just Shift EchoStar (ECHO) Stock Narrative? (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/did-profit-rebound-just-shift-131337751.html)
- [EchoStar loses 182K wireless customers in Q3 (Fierce Network)](https://www.fierce-network.com/wireless/echostar-loses-182k-wireless-customers-q3)

Figures as reported by the company; changes are against the same quarter a year earlier unless stated. Orbit Alpha is information, not investment advice.
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