EchoStar Corporation Class A (SATS)

The past six months have seen significant events impacting EchoStar Corp.'s stock price. The stock surged by 374.67% in 2025, largely due to a series of billion-dollar deals that regained investor confidence. In August and September 2025, EchoStar announced transformative spectrum transactions, selling wireless spectrum licenses worth $22.65 billion to AT&T and its remaining AWS-3 and AWS-4 licenses to SpaceX for a total of $19.6 billion. In November 2025, EchoStar announced the formation of EchoStar Capital. On November 6, 2025, EchoStar reported Q3 2025 revenue of $3.61 billion, missing analyst estimates, and a significant GAAP loss of $44.37 per share. In December 2025, EchoStar's stock experienced a notable rally, with analysts like TD Cowen and Deutsche Bank raising their price targets on the stock. In January 2026, EchoStar announced an additional conversion period for its 3.875% Convertible Senior Secured Notes due 2030.

Explicit information on the demand seasonality for EchoStar's products and services is not clearly detailed in the provided search results. The Pay-TV segment faces a secular decline due to cord-cutting. The Retail Wireless segment has shown subscriber growth, with 223,000 net additions in Q3 2025. The Broadband and Satellite Services segment has a growing enterprise order backlog, particularly in the aviation sector. Demand is more influenced by technological advancements, competitive landscape, and strategic partnerships than by traditional seasonal consumer behavior.

EchoStar Corporation is an American telecommunications company specializing in satellite communication, wireless telecommunications, and internet services. Following its merger with DISH Network in December 2023, EchoStar operates as a comprehensive telecommunications entity, actively transitioning its strategic focus towards next-generation 5G and satellite broadband. The company's major products and services are delivered through four primary segments: Pay-TV, Retail Wireless, 5G Network Deployment, and Broadband and Satellite Services.

EchoStar Corporation has a global presence, operating in the United States and internationally. Its business extends across the Americas, Asia, Africa, Europe, and the Middle East. The company's global headquarters are in Englewood, Colorado, USA. In Europe, EchoStar operates through its subsidiary EchoStar Mobile Limited, with commercial operations headquartered in the UK, a data center in Griesheim, Germany, and a converged satellite and terrestrial network covering the UK, Europe, and Scandinavia. EchoStar also operates as EchoStar Global Australia.

EchoStar has a long-standing reputation for innovation in satellite technology, having pioneered advancements in the satellite industries for over 40 years. The company is recognized as a global communications and content delivery leader. Its strategic pivot towards 5G and satellite broadband, coupled with significant spectrum asset sales and partnerships with companies like AT&T and SpaceX, positions it as a forward-looking telecommunications entity. The resolution of the FCC review regarding its 5G buildout obligations in Q3 2025 likely helped to mitigate any potential negative impact on its reputation. The formation of EchoStar Capital also signals a commitment to future growth and strategic investments.

EchoStar Corporation has a concentrated ownership structure. Charles W. Ergen, co-founder, Chairman, President, and CEO, is the largest individual shareholder, owning 13.51 million shares, representing 4.69% of the company, and holds a controlling interest. EchoStar has 729 institutional owners holding a total of 178,425,482 shares. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc., Dodge & Cox, Darsana Capital Partners LP, Diameter Capital Partners LP, Susquehanna International Group, Llp, Redwood Capital Management, Llc, Fmr Llc, and State Street Corp. Institutional ownership accounts for approximately 65.44% of the company's equity base.