EchoStar Q2 FY2026: an $8.46B net income built on a bankruptcy gain
EchoStar reported $3.58 billion of revenue for the June 2026 quarter and $8.46 billion of net income, but the profit came from deconsolidating part of the business in a prepackaged Chapter 11, not from selling more service. Read the quarter as a shrinking top line with improving operating income, plus a balance sheet that leans on assets held for sale.
1 · Expected vs. Actual
Free preview belowGAAP EPS came in at $24.12 against a consensus estimate of $1.74, a gap that reflects a large non-operating gain from deconsolidating the DISH DBS and DISH Wireless entities rather than better customer economics. The $1.33 billion income tax line also sits on a profit that was largely an accounting entry. Operating income, the cleaner read, was $512.9 million.
Revenue was $3.58 billion, down 4.0% from the $3.72 billion booked in the same quarter a year earlier and 2.5% below the prior quarter's $3.67 billion. That makes a second straight sequential decline, and this filing offers no evidence of a near-term turn.
Log in to read 5 analyses a week for free
Create a free account to read 5 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.