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SASATS

EchoStar Corporation

$SATS·$28B·Telecommunications Services·Communication Services
$91.97+0.5%YTD-15.4%1Y+217.9%
Mentions · last 7 days
2026-07-10: 232 posts2026-07-11: 298 posts2026-07-12: 66 posts2026-07-13: 129 posts2026-07-14: 339 posts2026-07-15: 311 posts2026-07-16: 397 posts1,779+17%
Price updated 6h ago·X counts updated 1d ago
SASATS
$SATSEchoStar Corporation
$91.97+0.47%1.8k posts+17%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $SATS, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Broken storySelling offAI verdict · as of 2026-07-16

Falling on heavy selling — points lower unless it turns around.

EchoStar heading into a Dish DBS bankruptcy with the CEO gone and the ticker changing — restructuring is now the whole story.

EchoStar owns Hughes Satellite, DirecTV/Dish satellite TV assets, and spectrum holdings. The story just cracked hard: the CEO resigned immediately July 7, the Chief Legal Officer left after 26 years in June, Charlie Ergen has been continuously amending 13Ds, and Dish DBS is preparing to file for bankruptcy — while the ticker is being changed from SATS to ECHO.

  • Revenue was down 5% YoY at $3.9B last quarter with a 2% operating margin — the top line is contracting even before any Dish DBS bankruptcy takes place; the underlying business is genuinely deteriorating.
  • CEO Hamid Akhavan resigned immediately from all positions on July 7 — that's not a normal transition, and combined with the CLO departure in June, it looks like leadership is walking rather than staying to manage the restructuring.
  • The reported Dish DBS bankruptcy filing (per late-June news) puts a Chapter 11 process on the near-term calendar — that reshapes the equity value below the hardware/spectrum recovery scenarios, and could zero individual subsidiaries' equity.
  • Trades at -2.3x TTM earnings on negative TTM P/E and a -3.9x EV/EBITDA — the fundamentals are so distressed that traditional multiples don't apply; this is now a sum-of-parts / restructuring analysis.
  • Charlie Ergen still holds ~148M shares (Class A + B, roughly 55% economic interest) per his July 14 13D/A — his capital is committed, but that also means the equity value depends entirely on how his interests get preserved through restructuring.

July 30 Q2 earnings will likely lay out the Dish DBS restructuring path — a clean bankruptcy filing at DBS with the parent operating stably could actually stabilize SATS/ECHO equity; disorderly proceedings or Chapter 11 at the parent level takes the stock much lower. The Citi 'better way to own SpaceX' framing was published before the leadership walkouts and Dish DBS news broke — the setup has materially changed since. Restructuring bet, not an operating one.

Differs from X sentimentThe thin X read on the restructuring 'leaving brands, customers, operations and employees unaffected' is broadly right in intent but under-weights the CEO and CLO departures, which are real signals that management doesn't see the equity as recoverable through the restructuring. The Citi 'better way to own SpaceX' framing predates the leadership walkouts.

What to watch: July 30 Q2 earnings and the Dish DBS bankruptcy filing itself — need a clean subsidiary filing without parent-level financing distress. Chapter 11 at the parent level or disorderly proceedings is where the equity resets sharply lower.

On the calendar: 2026-07-30 — Q2 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Mixed sentiment⚠5 posts analyzed · as of 2026-07-05 · top-engagement diverged

EchoStar (SATS) chatter frames the restructuring as leaving brands, customers, operations and employees unaffected — with the company positioned to emerge stronger. Posts also flag NASA down 40% since May highs framing the SpaceX IPO as a 'sell the news' event that dragged space-cohort peers. Sentiment splits between EchoStar-restructuring optimism and space-cohort discovery-selling pressure.

Read the AI verdict + X sentiment for $SATS

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What it does

Plain-English summary of the business — what they sell and how they make money.

Provides satellite broadband (Hughes) to rural and enterprise customers, plus satellite fleet services and managed networking.

Industry overviewAI analysisGenerated by AI from underlying data

Where Telecommunications Services sits in its cycle right now — and what that implies for $SATS.

Telecommunications Services · Communication Services

No material change from last week — IRDM's only truly global LEO constellation and GSAT's Apple SOS partnership represent a new service layer that neither cable nor wireless incumbents can match.

What this means for $SATS

Partial — Provides satellite broadband (Hughes) to rural and enterprise customers, plus satellite fleet services and managed networking; the LEO satellite global coverage and Apple SOS emergency positioning is a secondary rather than primary near-term earnings catalyst.

Industry benchmark

19-name peer basket
+16.3%YTD
+19.5%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-2.3How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
0.7%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
2.2%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-2.7%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
2.3Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-152%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
27.1%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
5.2Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q1 2026May 11, 2026$-0.51$-0.48-6.6%
Q4 2025Mar 2, 2026$-1.03$-0.94-10.0%
Q3 2025Nov 6, 2025$0.83$-1.21+168.6%
Q2 2025Aug 1, 2025$-1.06$-0.93-13.4%
Next earningsThu, Jul 30·consensus EPS $-0.02

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$3.7B-5.2%30.9%8.9%$-0.51$104.8M
Q4 FY25$3.8B-4.3%29.4%9.8%$-4.18$-583.4M
Q3 FY25$3.6B-7.1%23.6%-4.4%$-44.37$309.4M
Q2 FY25$3.7B-5.8%24.4%-5.7%$-1.06$-739.4M

Forward consensus

5-year forecast · up to 5 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$14.5B$14.4B – $14.6B-$0.08-$0.08 – -$0.083
FY27$14.0B$13.4B – $14.4B$2.65$2.57 – $2.715
FY28$13.0B$12.8B – $13.1B$5.00$4.53 – $5.483
FY29$12.8B$12.5B – $13.0B$5.76$5.59 – $5.912
FY30$12.5B$12.2B – $12.7B$5.93$5.76 – $6.081

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.5×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.54%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-19.9%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-12.5%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 244.6M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today2.4% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β0.965-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellJun 12Dean MansonCHIEF LEGAL OFFICER4.0K sh$522KSellJun 5Hamid AkhavanCEO52.6K sh$6.4MSellJun 4Dean MansonCHIEF LEGAL OFFICER10.0K sh$1.2MSellMar 6Hamid AkhavanCEO71.0K sh$7.6MSellMar 5Dean MansonCHIEF LEGAL OFFICER19.0K sh$2.2MSellMar 4John SwieringaCOO50.1K sh$5.7M
+ 20 other (8 awards · 7 exempts · 3 gifts · 2 others) in window

See when $SATS insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

SC 13D/AActivist amendmentJul 14SC 13D/A
AI summary

Charlie Ergen filed an SC 13D/A on July 14, 2026, amending his beneficial ownership report for EchoStar Corporation (SATS). The filing covers Class A and Class B shares held through Telluray Holdings LLC (where Mrs. Ergen holds sole voting power as manager, while Ergen and his wife share dispositive power). Additional holdings include approximately 1,313 shares in a 401(k) plan, 11,921 shares held by a child, and 766,443 shares held in a charitable foundation (with shared voting and dispositive power between Ergen and his wife). This amendment updates Ergen's aggregate beneficial ownership position in EchoStar.

8-KOfficer or director changeJul 78-K — Item 5.02: Officer or director change · Item 8.01: Other event
AI summary

EchoStar Corporation / Hughes Satellite Systems (SATS) disclosed that CEO Hamid Akhavan resigned immediately from all positions — CEO of EchoStar Capital, President/CEO of Hughes Satellite Systems, and board member of both — on July 6, 2026, following board discussions about a 'change of strategic direction.' Founder and chairman Charles W. Ergen assumes Akhavan's duties as Principal Executive Officer of Hughes; Akhavan's unvested options are accelerated to July 6, 2026. A CEO departure described as strategically driven is a material event at EchoStar — Ergen's operational return signals a significant pivot in the company's direction.

SC 13D/AActivist amendmentJun 30SC 13D/A
AI summary

Charles W. Ergen filed Amendment No. 66 to his Schedule 13D on EchoStar Corporation (SATS), reporting combined beneficial ownership of 148,681,314 shares of Class A and Class B Common Stock — representing 51.0% of the total class as of June 26, 2026. Approximately 16.6 million shares carry sole voting and dispositive power, with the remaining ~132 million held in shared power through Ergen-controlled entities. As the controlling shareholder filing a routine amendment, this reflects position maintenance rather than a new strategic development.

8-KOfficer or director changeJun 258-K — Item 5.02: Officer or director change
AI summary

EchoStar Corporation (SATS) disclosed the departure of Dean Manson, Chief Legal Officer and Secretary, after 26 years with the company. Manson resigned effective June 26, 2026, and will remain as Senior Advisor during a transition. Jeffrey Blum, EVP of Government Affairs and a 20-year company veteran, will serve as Acting CLO and Secretary while EchoStar conducts a permanent search. Administrative leadership change; no financial terms disclosed.

SC 13D/AActivist amendmentJun 17SC 13D/A
AI summary

Charles W. Ergen filed SC 13D/A Amendment No. 65 on EchoStar Corp. (Nasdaq: SATS) as of June 15, 2026, reporting beneficial ownership of 148,681,314 Class A common shares ($0.001 par), comprising 14,272,420 with sole power and 134,408,894 with shared power. This is a routine update from EchoStar's controlling shareholder — Amendment No. 65 signals continuous ownership reporting by Ergen, whose dominant share position gives him effective voting control over EchoStar's strategic direction.

8-KDebt-obligation accelerationJun 18-K — Item 2.04: Debt-obligation acceleration
AI summary

EchoStar (SATS) elected not to pay approximately $183 million in aggregate cash interest due June 1, 2026 on DISH DBS notes ($72.2M on 2026 Notes, $71.9M on 2028 Notes, $38.4M on 2029 Notes); the non-payment is a default under each indenture with a 30-day grace period to cure. Highly material: intentional non-payment of $183M in bond interest signals deep liquidity stress and potential debt restructuring at the DISH DBS subsidiary.

SC 13D/AActivist amendmentMay 15SC 13D/A
AI summary

Charles W. Ergen filed an amended Schedule 13D on SATS disclosing beneficial ownership (148,681,314.00 shares) as of 2026-05-15. The filer's stated intent is passive investment with no plan to influence control of the company.

3New insider — initial holdingsMay 113
AI summary

Form filed by More than One Reporting Person Table I - Non-De filed a Form 3 (initial ownership statement) for SATS on 2026-05-11, initiating required Section 16 reporting. Role: of Reporting Person. Form 3 is a mandatory administrative filing upon first becoming an insider or 10%+ holder; it does not reflect a purchase or sale event.

+ 17 other (10 13Gs · 2 routine 8-Ks · 2 10-Ks · 1 SD) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

EchoStar's stock has fallen alongside SpaceX's — but it may now be worth another lookmarketwatch.com·15h agoEchoStar Stock Is a Better Way to Own SpaceX, Citi Saysbarrons.com·10d agoEchoStar Prepares Dish DBS Bankruptcy Filing as Soon as Tuesdaywsj.com·19d agoVanguard Small-Cap Value vs iShares Russell 2000 Value: Which ETF Is the Better Buy Right Now?fool.com·23d agoEchoStar Changing Stocker Ticker SATS to ECHO, Marking the Company's Next Era on Earth and in Spaceglobenewswire.com·26d ago

In themes

Explore the broader themes this ticker is being talked about under.

Space Economy

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Voices on X · top 2 · last 7 days

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