Key Financial Data
- Q2 Total revenue: $3.58 billion (-4.0% year-over)
- Service revenue: $3.30 billion (-6.7%)
- Equipment sales and other revenue: $274.6 million (+48.6%)
- Operating income: $512.9 million (improvement from -$213.4 million in 2025)
- Net income attributable to Echostar: $8.46 billion, (improvement from -$306.1 million in 2025)
- Pay TV revenue: $2.25 billion (-8.7%)
- Total pay TV subscribers: 6.39 million
- Dish TV subscribers: 4.68 million
- Sling TV subscribers: 1.71 million
- Pay TV subscriber losses: 241,000 (compared to 261,000 in 2025)
- Wireless revenue: $929.0 million (-0.3%)
- Retail wireless subscriber losses: 118,000
- Total wireless subscribers: 7.38 million
- Broadband and satellite services revenue: $316.9 million (-6.7%)
- Broadband subscriber losses: 59,000, compared with 34,000
- Total broadband subscribers: 622,000
- Read more Q2 2026 media earnings coverage | Echostar coverage
Echostar reported lower second quarter (Q2) revenue and continued subscriber losses across its pay television, wireless and broadband businesses, though a large non-cash gain allowed the company to swing to an $8.46 billion quarterly profit, according to its most-recent financial earnings report.
During the three-month period that ended June 30, Echostar earned $3.58 billion in revenue, down 4 percent from $3.72 billion a year earlier. Service revenue declined 6.7 percent to $3.30 billion, while equipment sales and other revenue increased nearly 49 percent to $274.6 million. Operating income reached $512.9 million, compared with an operating loss of $213.4 million last year.
Pay TV revenue declined 8.7 percent to $2.25 billion. The business lost approximately 241,000 subscribers during the quarter, an improvement from the loss of 261,000 subscribers during the same period last year. Echostar ended June with 6.39 million pay TV customers, including 4.68 million Dish TV subscribers and 1.71 million Sling TV subscribers.
Echostar did just about everything it could do to attract and retain pay TV subscribers during Q2: The company expanded its availability of ESPN in low-cost packages by launching a new “Essential” plan that includes the sports network plus Disney Channel and MeTV, which are highly-sought by pay TV customers.
It wasn’t clear from Echostar’s earnings release how the new Essentials package was resonating with customers. Last year, Dish launched a similar plan that includes Fox News Channel and NFL Network for $20 per month.
While most pay television and broadband companies are seeing boosts in their wireless offerings, Echostar lost 118,000 retail wireless subscribers, reversing a gain of 212,000 during the year-ago quarter. It ended Q2 with 7.38 million wireless customers.
Echostar separately said its Hughes Network Systems division filed for Chapter 11 bankruptcy protection to restructure about $1.5 billion in debt. The company said the proceeding would not affect Dish, Sling TV or its other operations.
Stock Price
The results exceeded Wall Street expectations tracked by Zacks. Revenue beat the firm’s consensus estimate by 0.95 percent, while the adjusted earnings result represented a positive surprise of 165.52 percent. Shares of Echostar were higher in Monday mid-day trading.
