Echostar Corporation SATS

Revenue Intelligence Report • 66 quarters of SEC filing data • Updated 2026-03-15

The model indicates revenue drivers from spend, with each $1 of R&D associated with $32.41 of long-run revenue and each $1 of SG&A associated with $10.20, based on 66 quarters of data using a linear framework. The model’s accuracy is limited (MAPE 30.5%), and a holdout test showed predicted $2.9B versus actual $3.8B, a 24% error, signaling near-term forecast unreliability. The FY forecast implies about $10B in revenue, down 32.9% year over year, indicating meaningful near-term headwinds despite the favorable long-run spend signals. Investors should weigh the strong implied ROI on R&D against near-term forecast risk and model uncertainty, focusing on spend efficiency to realize the long-run revenue potential.

Investment Thesis

At 30.5% MAPE, the model captures Echostar Corporation's broad revenue trajectory, though quarterly variability suggests sensitivity to external factors. Every $1 of R&D investment is associated with $32.41 of revenue, indicating efficient capital deployment in innovation. Each $1 of SG&A spending generates $10.20 in revenue, reflecting strong commercial efficiency.

Next FY Revenue
$10.1B
-32.9% YoY
R&D Multiplier
$32.41 per $1
SG&A Multiplier
$10.20 per $1
Model Accuracy
30.5% MAPE
Holdout validation: The model predicted $2.9B vs the actual $3.8B — an error of 24.0%.
Investor insight: Actual revenue ($3.8B) came in 24% above the spending-based forecast ($2.9B). This suggests that Echostar Corporation's recent revenue growth is driven significantly by external demand factors — such as market pricing, product cycle tailwinds, or structural demand shifts — beyond what its R&D and SG&A spending alone would predict.

Revenue Forecast

SATS Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q4 2025 $2.9B $3.8B $2.2B – $3.6B -27.2% ✗ Outside range
Q2 2026 $2.7B $1.7B – $3.7B -31.1%
Q3 2026 $2.5B $1.2B – $3.7B -33.6%
Q4 2026 $2.3B $0.8B – $3.7B -37.4%
Q1 2027 $2.7B $1.1B – $4.3B -29.5%

How Spending Drives Revenue

SATS Spending Timing
Reading this chart: Each line shows the cumulative revenue generated per $1 spent over subsequent quarters. The effect builds over 4-5 quarters as investments mature.

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