Filing Flows › EchoStar (ECHO) › Q2 2026 › vs Q2 2025
EchoStar (ECHO) Q2 2026 vs Q2 2025 (year over year)
EchoStar's revenue fell $149M (-4%) from $3.7B in Q2 2025 to $3.6B in Q2 2026. The biggest changes: Service and other revenue −$239M (-7%); Equipment sales and other revenue +$89.8M (+49%). Operating margin 14.3% against -5.7% (+20.1 pts).
EchoStar, Q2 2026: revenue $3.6B (-4% year over year), operating margin 14.3%, net earnings $8.5B, operating cash flow −$10.0M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 14.3% | -5.7% | +20.1 pts |
| Net margin | 236.6% | -8.2% | +244.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Service and other revenue | $3.3B | $3.5B | −$239M | -7% |
| Equipment sales and other revenue | $275M | $185M | $89.8M | +49% |
| Revenue | $3.6B | $3.7B | −$149M | -4% |
| Other income, net | $9.3B | −$179M | $9.5B | — |
| Operating profit | $513M | −$213M | $726M | — |
| Costs & expenses | $3.1B | $3.9B | −$875M | -22% |
| Pre-tax earnings | $9.8B | −$392M | $10.2B | — |
| Cost of revenue | $1.9B | $2.5B | −$533M | -22% |
| Research & development | $14.0M | $16.0M | −$2.0M | -12% |
| SG&A | $548M | $629M | −$81.6M | -13% |
| Other operating costs | $573M | $831M | −$258M | -31% |
| Net earnings | $8.5B | −$307M | $8.8B | — |
| Income tax | $1.3B | −$85.3M | $1.4B | — |
| Operating cash sources | $8.7B | $187M | $8.5B | 46× |
| Depreciation & amortization | $171M | $493M | −$323M | -65% |
| Share-based compensation | $13.1M | $8.5M | $4.6M | +54% |
| Cash used in operations | $10.0M | −$7.5M | $17.5M | — |
| Working capital & other | $8.7B | $187M | $8.5B | 46× |
Questions
How much did EchoStar's revenue grow year over year in Q2 2026?
EchoStar's revenue fell $149M (-4%) from $3.7B in Q2 2025 to $3.6B in Q2 2026.
What drove EchoStar's revenue change in Q2 2026?
Service and other revenue −$239M (-7%); Equipment sales and other revenue +$89.8M (+49%).