回声星通信 2026年季度报告

Form10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 OR Commission File Number: 001-33807 Securities registered pursuant to Section12(b)of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities ExchangeAct of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)hasbeen subject to such filing requirements for the past 90days. Yes⌧No◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant wasrequired to submit such files).Yes⌧No◻ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company”and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.◻ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ As of April30, 2026, the registrant’s outstanding common stock consisted of 158,465,020 shares of ClassA common stock and131,348,468 shares of ClassB common stock. TABLE OF CONTENTS PARTI— FINANCIAL INFORMATIONDisclosure Regarding Forward-Looking StatementsiItem 1. Financial Statements1Condensed Consolidated Balance Sheets1Condensed Consolidated Statements of Operations and Comprehensive Income(Loss)2Condensed Consolidated Statements of Changes in Stockholders’ Equity(Deficit)3Condensed Consolidated Statements of Cash Flows4Notes to Condensed Consolidated Financial Statements5Item 2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations69Item 3. Quantitative and Qualitative Disclosures About Market Risk109Item 4. Controls and Procedures109PART II — OTHER INFORMATIONItem 1.Legal Proceedings109Item1A.Risk Factors109Item 2.Unregistered Sales of Equity Securities and Use of Proceeds110Item 3. Defaults Upon Senior SecuritiesNoneItem 4. Mine Safety DisclosuresNoneItem 5. Other Information110Item 6. Exhibits111Signatures112 PARTI— FINANCIAL INFORMATION DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS Unless otherwise required by the context, in this report, the words “EchoStar,” the “Company,”“we,” “our” and “us” refer to EchoStar Corporation and its subsidiaries, “DISH Network” refers toDISH Network Corporation, our wholly owned subsidiary, and its subsidiaries, and “DISH DBS”refers to DISH DBS Corporation, a wholly-owned, indirect subsidiary of DISH Network, and itssubsidiaries. This Quarterly Report on Form10-Q contains “forward-looking statements” within the meaning ofthe Private Securities Litigation Reform Act of 1995, including, in particular, statements about ourplans, objectives and strategies, growth opportunities in our industries and businesses, ourexpectations regarding future results, financial condition, liquidity and capital requirements, ourestimates regarding the impact of regulatory developments and legal proceedings, and othertrends and projections. Forward-looking statements are not historical facts and may be identifiedby words such as “future,” “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “estimate,”“expect,” “predict,” “will,” “would,” “could,” “can,” “may,” and similar terms. These forward-lookingstatements are based on information available to us as of the date of this Quarterly Report onForm10-Q and represent management’s current views and assumptions. Forward-lookingstatements are not guarantees of future performance, events or results and involve known andunknown risks, uncertainties and other factors, which may be beyond our control. Accordingly,actual performance, events or results could differ materially from those expressed or implied inthe forward-looking statements due to a number of factors, including, but not limited to, thosesummarized below: SUMMARY OF RISK FACTORS ●The timing and closing of the AT&T Transactions and SpaceX Transactions are notcertain, and are subject to certain conditions, some of which we cannot control, whichcould result in the AT&T Transactions or SpaceX Transactions, respectively, not beingcompleted or being completed later than we expect, which could have a materialadverse impact on our expected leverage and available cash-on-hand, as well as costsand revenues, or otherwise reduce the anticipated benefits of the AT&T Transactionsand SpaceX Transaction