Filing Flows › EchoStar (ECHO) › Q3 2026 › vs Q2 2026
EchoStar (ECHO) Q3 2026 vs Q2 2026 (quarter over quarter)
EchoStar's revenue fell $2.4B (-68%) from $3.6B in Q2 2026 to $1.1B in Q3 2026. The biggest changes: Service and other revenue −$2.3B (-69%); Equipment sales and other revenue −$178M (-65%). Operating margin 13.1% against 14.3% (-1.2 pts).
EchoStar, Q3 2026: revenue $1.1B (-69% year over year), operating margin 13.1%, net earnings $2.8B, operating cash flow $113M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.1% | 14.3% | -1.2 pts |
| Net margin | 246.7% | 236.6% | +10.1 pts |
| Free cash flow margin | 4.3% | -2.9% | +7.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Service and other revenue | $1.0B | $3.3B | −$2.3B | -69% |
| Equipment sales and other revenue | $96.7M | $275M | −$178M | -65% |
| Revenue | $1.1B | $3.6B | −$2.4B | -68% |
| Other income, net | $3.3B | $9.3B | −$6.0B | -65% |
| Operating profit | $148M | $513M | −$365M | -71% |
| Costs & expenses | $980M | $3.1B | −$2.1B | -68% |
| Pre-tax earnings | $3.4B | $9.8B | −$6.4B | -65% |
| Cost of revenue | $480M | $1.9B | −$1.4B | -75% |
| Research & development | $4.0M | $14.0M | −$10.0M | -71% |
| SG&A | $235M | $548M | −$313M | -57% |
| Other operating costs | $261M | $573M | −$312M | -54% |
| Net earnings | $2.8B | $8.5B | −$5.7B | -67% |
| Income tax | $617M | $1.3B | −$711M | -54% |
| Depreciation & amortization | $86.4M | $171M | −$84.2M | -49% |
| Share-based compensation | $2.6M | $13.1M | −$10.5M | -80% |
| Working capital & other | $2.8B | $8.7B | −$5.9B | -68% |
| Operating cash flow | $113M | −$10.0M | $123M | — |
| Free cash flow (OCF − capex) | $48.1M | −$102M | $150M | — |
| Capital expenditures | $65.0M | $92.3M | −$27.3M | -30% |
Questions
How much did EchoStar's revenue grow quarter over quarter in Q3 2026?
EchoStar's revenue fell $2.4B (-68%) from $3.6B in Q2 2026 to $1.1B in Q3 2026.
What drove EchoStar's revenue change in Q3 2026?
Service and other revenue −$2.3B (-69%); Equipment sales and other revenue −$178M (-65%).