SATS · Bayesian revenue outlook

Echostar Corporation: Bayesian forecast status

Model review 2026-11-04 · Data cutoff 2026-09-30

Source refresh and comparability. The SATS symbol now maps to a different issuer in the SEC directory. This page preserves the original EchoStar analysis and withholds a new forecast to avoid attributing another company’s results to EchoStar.

Forecasts are conditional on the listed data cutoff. Sources were refreshed for this model run on 2026-11-04; the cutoff above identifies the latest verified revenue observation used for this model review. Some forecast quarters may already have ended by the computation date. Read each target date before treating an estimate as a future-quarter outlook.

Bayesian forecast withheld. The SEC ticker directory now maps SATS to Strive, Inc.; preserve the existing EchoStar issuer identity and use fresh original-CIK sources. Trading-symbol association requires explicit review before a forecast is published.

No Bayesian interval or simulated path is presented for this vintage. The earlier report below remains available for context; its ranges are not Bayesian prediction intervals.

Management guidance versus reported revenue

Latest SEC earnings candidate sources were archived where available, but an exact numerical quarterly consolidated-revenue range and target were not fully verified. This is not evidence that the company never guides.

No verified numerical quarterly consolidated-revenue guidance is plotted for this research sample. This does not establish that the company never provides guidance; annual, segment-only and qualitative outlooks are separate.

Preserved Bayesian forecast vintage

Computed 2026-11-04 using revenue through 2026-06-30. These original numbers are retained unchanged to allow subsequent scoring; they were not refitted with the new results. Forecasts computed after a target quarter ended are retrospective estimates, not pre-release predictions.

Original predictive medians and intervals
Quarter endingOriginal medianOriginal 80% intervalOriginal 95% interval
2026-09-30$3.624B$3.175B–$4.147B$2.879B–$4.635B
2026-12-31$3.747B$3.147B–$4.471B$2.818B–$5.079B
2027-03-31$3.519B$2.838B–$4.331B$2.440B–$5.052B
2027-06-30$3.481B$2.721B–$4.428B$2.307B–$5.264B

Open preserved spaghetti chart

Earlier company analysis · preserved vintage 2026-10-14

The report below retains its original forecasts, validation and company-specific discussion. Those revenue estimates use a different model or information cutoff; they are separate from the Bayesian outlook above. Any EPS model below has not been recalculated using the new Bayesian revenue paths.

Echostar Corporation SATS

Revenue Intelligence Report • 42 quarters of SEC filing data • Updated 2026-10-14 • Data through 2026-06-30

Earlier summary (2026-10-14): Echostar Corporation's latest quarterly revenue is $3.6B for the period ending 2026-06-30. The model projects $8.9B across the next four quarters (-39.0% versus the preceding four quarters). The forecast uses SG&A data; model selection and estimation exclude the latest quarter, whose retrospective holdout error is 17.4%. These are statistical associations, not estimates of the causal effect of spending.

This page retains the historical ticker SATS. The SEC now lists EchoStar CORP under ECHO.

Investment Thesis

The ARDL forecast is based on reported revenue and SG&A data through 2026-06-30. Training MAPE measures fit to historical data; the separately reported holdout error measures a withheld quarter. Spending coefficients describe associations and do not establish causation.

Next 4 Quarters
$8.94B
-39.0% YoY
R&D Elasticity
0.62x
SG&A Elasticity
2.31x
Training Fit
8.2% MAPE
Retrospective holdout (Q2 FY2026): The model predicted $2.96B vs the actual $3.58B — an error of 17.4%.
Retrospective one-quarter holdout: model fitting and selection exclude this quarter. Historical inputs use the latest available restatements, so this is not a preserved real-time forecast.
Investor insight: Actual revenue ($3.6B) came in 17% above the spending-based forecast ($3.0B). 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
Q2 FY2026
Period end 2026-06-30
$2.96B $3.58B $2.38B–$3.67B -20.7% ✓ In range
Q3 FY2026
Period end 2026-09-30
$3.06B $2.25B–$4.16B -15.3%
Q4 FY2026
Period end 2026-12-31
$2.18B $1.50B–$3.18B -42.6%
Q1 FY2027
Period end 2027-03-31
$1.94B $1.26B–$3.00B -47.0%
Q2 FY2027
Period end 2027-06-30
$1.75B $1.08B–$2.85B -51.0%

Seasonal Factors

Multiplicative seasonal adjustment: These factors capture Echostar Corporation's systematic quarterly revenue patterns relative to the trend model. A factor of 1.05 means that quarter typically runs 5% above the underlying trend; 0.95 means 5% below. Factors are computed as the median of (actual / fitted) across all available quarters.
Fiscal QuarterSeasonal Factorvs TrendInterpretationObs.
FQ1 (Jan–Mar) 0.9769 -2.3% In line with trend 10
FQ2 (Apr–Jun) 0.981 -1.9% In line with trend 9
FQ3 (Jul–Sep) 1.0243 +2.4% In line with trend 9
FQ4 (Oct–Dec) 1.0714 +7.1% +7.1% above trend 9

Spending and Revenue

SATS Spending Timing
Reading this chart: Each line shows the cumulative revenue association with a 1% change in spending over subsequent quarters. These estimates describe historical associations and do not establish causation.

Time-Varying Spending Associations

Time-varying analysis: A penalized spline model (GAM) tracks the association between log spending and log revenue over 42 quarters. Its coefficients describe conditional historical associations, not causal returns on spending.
Current SG&A elasticity: -2.5523x • R&D elasticity: 0.2813x
The model-term chart shows relative absolute term magnitudes. Its percentages are not shares of revenue or causal contributions to growth.

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