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EchoStar Corporation

$SATS·$25B·Telecommunications Services·Communication Services
$86.98-5.0%YTD-15.7%1Y+218.0%
Mentions · last 7 days
328
Price updated 24d ago·X counts updated 24d ago
SASATS
$SATSEchoStar Corporation
$86.98-5.04%328 posts
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

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 2026-08-07

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

EchoStar just filed for bankruptcy at Hughes subsidiary and sold spectrum for $2B — the deleveraging plan is happening but the equity is caught in the crossfire.

EchoStar operates DISH satellite TV, Hughes broadband, and a wireless spectrum position — the sprawling media/telecom holding company controlled by Charlie Ergen (50.9% owner).

  • The Hughes bankruptcy is a real broken-equity signal at the subsidiary level: $1.5B of debt coming due at HSSC forced the Chapter 11 filing with 11 co-filing wholly-owned subsidiaries — Ergen's holding-company strategy has decades of financial engineering, but a subsidiary bankruptcy is a subsidiary bankruptcy.
  • The good news is real capital returned to the balance sheet: EchoStar sold its 3.45 GHz and 600 MHz spectrum bands (proceeds funded the $2B senior-note repayment) — this is genuine deleveraging progress at the DISH DBS level, but at the cost of long-dated spectrum optionality.
  • Q2 was operationally soft: revenue $3.58B missed by $10M, EPS -$0.51 vs -$0.48, and management is losing subscribers across pay-TV, wireless, and broadband — the operational trajectory alongside the balance-sheet gymnastics is genuinely weakening.
  • Ergen's 50.9% controlling stake means the equity story is a Ergen story: no third-party insider signal matters because Ergen makes every decision, and the SpaceX/T-Mobile spectrum-share narrative that keeps popping up depends entirely on Ergen extracting a premium from a transaction partner.

August 7 Q2 earnings call (tomorrow) needs commentary on Hughes bankruptcy timeline and any spectrum-monetization pipeline.

What to watch: August 7 Q2 earnings call — Hughes bankruptcy timeline, subscriber trajectory across DISH DBS, wireless, and broadband, and any dated spectrum-transaction pipeline. A SpaceX/T-Mobile spectrum deal is the specific catalyst that could restart the story.

On the calendar: 2026-08-07 — Q2 earnings

subsidiary bankruptcycontrolled companyspectrum monetization

X sentiment

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

Mixed sentiment⚠11 posts analyzed · as of 2026-08-07 · top-engagement diverged

SATS chatter is split: EchoStar's Q2 revenue of $3.58B missed by $10M with pay-TV subscribers down 241K and wireless down 118K, though EPS was inflated by a $9.73B non-cash gain, and BRC-20 ordinals-token 'SATS' chatter runs alongside RATS and ORDI with technicians long SATS and shorting RATS. A former VIC pitch of EchoStar peaked at ~650% returns and is still up 400%. Ticker collision between equity and crypto is dominant.

Read the AI verdict + X sentiment for $SATS

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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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

Wireless subscriber growth is maturing; pricing discipline and convergence bundles (mobile + broadband) are the profitability levers. Network capex cycles — 5G densification — are winding down, improving free cash flow generation.

What this means for $SATS

Neutral — Provides satellite broadband (Hughes) to rural and enterprise customers, plus satellite fleet services and managed networking; limited read-through from telecommunications services macro dynamics to this specific revenue mix.

Industry benchmark

19-name peer basket
+31.3%YTD
+35.6%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 earningsWed, Nov 11·consensus EPS $-0.12

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.0.7×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.53%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.-11.9%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.-15.1%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 today2.0% 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.β1.005-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

8-KBankruptcy / receivershipAug 38-K — Item 1.03: Bankruptcy / receivership · Item 2.04: Debt-obligation acceleration · Item 5.02: Officer or director change · Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

EchoStar Corporation disclosed that on August 2, 2026, its subsidiary Hughes Satellite Systems Corporation (HSSC) and 11 co-filing wholly-owned subsidiaries — including Hughes Network Systems LLC, Hughes Communications Inc., and EchoStar Orbital L.L.C. — filed voluntary Chapter 11 bankruptcy petitions in the U.S. Bankruptcy Court for the District of Texas (Case No. 26-90739, 'In re Hughes Satellite Systems Corporation'), seeking to operate as debtors-in-possession. The filing also covers associated dividend cessation (Item 2.04) and officer changes (Item 5.02). This is a highly material, transformative event — EchoStar's entire satellite broadband business entering bankruptcy reorganization.

SC 13D/AActivist amendmentJul 31SC 13D/A
AI summary

Charlie Ergen (Ergen) filed an amended SC 13D/A disclosing he beneficially owns 148,681,347 shares of EchoStar Corporation (SATS), representing approximately 50.9% of the combined Class A and Class B common stock. The total includes shares held directly, indirectly through nXgen/CONX Corp., and shared with spouse Cantey Ergen (including through Telluray Holdings, a charitable foundation, and children). Telluray Holdings alone holds 2,350,696 Class A and 76,457,283 Class B shares. As the controlling shareholder at ~51%, Ergen's amended filing reflects updated position detail; his controlling stake means no effective hostile action is possible without his consent.

8-KAgreement terminatedJul 288-K — Item 1.02: Agreement terminated · Item 2.01: Acquisition completed · Item 8.01: Other event
AI summary

EchoStar Corporation (SATS) completed two major transactions on July 28, 2026: (1) DISH DBS repaid $2 billion of 7.75% Senior Notes (Item 1.02), advancing its deleveraging under bankruptcy court authorization; and (2) EchoStar sold its 3.45 GHz and 600 MHz spectrum licenses to AT&T for $20.25 billion (Item 8.01), plus a 99-year lease extension in Hawaii. DISH DBS' note repayment and the spectrum sale are part of EchoStar's structured restructuring proceedings in the Southern District of Texas. The $20.25B spectrum sale to AT&T is transformative — proceeds will be used to satisfy creditors and restructure the balance sheet. Investors should monitor the bankruptcy restructuring timeline, creditor plan, and what remaining operations EchoStar will carry post-sale.

SC 13D/AActivist amendmentJul 22SC 13D/A
AI summary

Charles W. Ergen filed Amendment No. 68 to his Schedule 13D on EchoStar Corporation, disclosing beneficial ownership of 148,681,347 shares (50.9% of combined Class A and Class B) as of July 20, 2026. His 14.2M sole-voting shares include direct holdings, DISH Network 401(k) plan shares, and interests via CONX Corp through nXgen Opportunities LLC; his 134.5M shared-voting shares span family entities including Telluray Holdings LLC (controlled by spouse Cantey Ergen) and a charitable foundation. The July 20, 2026 trigger date suggests a new transaction or agreement involving EchoStar prompted this updated ownership disclosure.

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.

+ 18 other (7 13Gs · 2 10-Qs · 2 routine 8-Ks · 2 SC 13D/As) in window

Recent news

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

EchoStar Q2: This Quarter Just Changed The Investment Case (Rating Upgrade)seekingalpha.com·28d agoEchoStar's Hughes Network Files for Bankruptcy as $1.5B Debt Comes Duewsj.com·29d agoEchoStar Announces Financial Results for the Three and Six Months Ended June 30, 2026globenewswire.com·29d agoEchoStar: A SpaceX Proxy, Despite Ergen's Efforts To Forge His Own Pathseekingalpha.com·31d agoEchoStar Corporation Announces Conference Call for Second Quarter 2026 Financial Resultsglobenewswire.com·33d ago

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Voices on X · last 7 days

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