Filing Flows › EchoStar (ECHO) › Q3 2026 › vs Q3 2025
EchoStar (ECHO) Q3 2026 vs Q3 2025 (year over year)
EchoStar's revenue fell $2.5B (-69%) from $3.6B in Q3 2025 to $1.1B in Q3 2026. The biggest changes: Service and other revenue −$2.4B (-70%); Equipment sales and other revenue −$89.6M (-48%). Operating margin 13.1% against -460.5% (+473.6 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 13.1% | -460.5% | +473.6 pts |
| Net margin | 246.7% | -353.6% | +600.4 pts |
| Free cash flow margin | 4.3% | -4.0% | +8.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Service and other revenue | $1.0B | $3.4B | −$2.4B | -70% |
| Equipment sales and other revenue | $96.7M | $186M | −$89.6M | -48% |
| Revenue | $1.1B | $3.6B | −$2.5B | -69% |
| Other income, net | $3.3B | −$295M | $3.5B | — |
| Operating profit | $148M | −$16.6B | $16.8B | — |
| Costs & expenses | $980M | $20.3B | −$19.3B | -95% |
| Pre-tax earnings | $3.4B | −$16.9B | $20.3B | — |
| Cost of revenue | $480M | $2.4B | −$1.9B | -80% |
| Research & development | $4.0M | $19.0M | −$15.0M | -79% |
| SG&A | $235M | $621M | −$387M | -62% |
| Other operating costs | $261M | $17.2B | −$17.0B | -98% |
| Net earnings | $2.8B | −$12.8B | $15.6B | — |
| Income tax | $617M | −$4.2B | $4.8B | — |
| Depreciation & amortization | $86.4M | $391M | −$305M | -78% |
| Share-based compensation | $2.6M | $11.9M | −$9.2M | -78% |
| Working capital & other | $2.8B | −$12.5B | $15.2B | — |
| Operating cash flow | $113M | $112M | $1.4M | +1% |
| Free cash flow (OCF − capex) | $48.1M | −$144M | $192M | — |
| Capital expenditures | $65.0M | $256M | −$191M | -75% |
Questions
How much did EchoStar's revenue grow year over year in Q3 2026?
EchoStar's revenue fell $2.5B (-69%) from $3.6B in Q3 2025 to $1.1B in Q3 2026.
What drove EchoStar's revenue change in Q3 2026?
Service and other revenue −$2.4B (-70%); Equipment sales and other revenue −$89.6M (-48%).