EchoStar

ECHO · Communication Services · Market cap $24.6B

Q1 FY26 Mar 31, 2026 reported May 11, 2026

Revenue$3.7B −5% year over year

Gross profit$1.7B

Operating profit$0.4B

Net profit$-0.1B -4% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	3.7	100%	−5%
Service	3.4	92%	−6%
Equipment Sales and Other	0.3	8%	+11%
Cost of revenue	−2	54%
Gross profit	1.7	46% margin	+8pp
Research & development	−0	0%	+0pp
SG&A	−0.7	17%	+2pp
Other	−0.6	17%	+0pp
Operating profit	0.4	11% margin	+13pp
Interest & other costs	−0.5
Net profit	-0.1	-4%	+1pp

All figures in billions of U.S. dollars, for Q4 FY24 (period ends Dec 31, 2024).
Item	Value	Share of revenue	Year over year
Revenue	4	100%	−5%
Service	3.7	92%	−5%
Equipment Sales and Other	0.2	5%	+7%
Cost of revenue	−2.5	62%
Gross profit	1.4	36% margin	+0pp
Research & development	−0	0%	+0pp
SG&A	−0.6	14%	+0pp
Other	−0.9	23%	+0pp
Operating profit	-0.1	-2% margin	+19pp
Tax	−0.1
Net profit	0.3	8%	+57pp

All figures in billions of U.S. dollars, for Q2 FY24 (period ends Jun 30, 2024).
Item	Value	Share of revenue	Year over year
Revenue	4	100%	−9%
Service	3.7	92%	−8%
Equipment Sales and Other	0.2	5%	−21%
Cost of revenue	−2.5	62%
Gross profit	1.4	37% margin	−9pp
Research & development	−0	1%	+0pp
SG&A	−0.6	15%	−2pp
Other	−0.9	22%	+0pp
Operating profit	-0.1	-2% margin	−7pp
Interest & other costs	−0.1
Net profit	-0.2	-5%	−11pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY26	Mar 31, 2026	May 11, 2026	$3.7B	−5%	11%	$-0.1B	-4%
Q4 FY24	Oct 1 – Dec 31, 2024	Feb 27, 2025	$4B	−5%	-2%	$0.3B	8%
Q2 FY24	Apr 1 – Jun 30, 2024	Aug 9, 2024	$4B	−9%	-2%	$-0.2B	-5%