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STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n**Form ****10-Q**\n\n**(Mark One)**\n\n**☒****QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n**FOR THE QUARTERLY PERIOD ENDED****MARCH 31,****2026****.**\n\n**OR**\n\n☐**TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n**FOR THE TRANSITION PERIOD FROM TO    .**\n\n**Commission File Number:****333-179121**\n\n**Hughes Satellite Systems Corporation**\n\n(Exact name of registrant as specified in its charter)\n\n**Colorado**\n\n**  ​ ​ ​**\n\n**45-0897865**\n\n(State or other jurisdiction of incorporation or organization)\n\n​\n\n(I.R.S. Employer Identification No.)\n\n​\n\n​\n\n​\n\n**9601 South Meridian Boulevard**\n\n​\n\n​\n\n**Englewood,********Colorado**\n\n​\n\n**80112-5308**\n\n(Address of principal executive offices)\n\n​\n\n(Zip Code)\n\n​\n\n​\n\n​\n\n**(****303****)****723-1000**\n\n​\n\n**Not Applicable**\n\n(Registrant’s telephone number, including area code)\n\n​\n\n(Former name, former address and former fiscal year, if changed since last report)\n\n​\n\nSecurities registered pursuant to Section 12(b) of the Act: None\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes **☒***  No** **☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes **☒** No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated filer\n\n☐\n\nAccelerated filer\n\n☐\n\nEmerging growth company\n\n☐\n\nNon-accelerated filer\n\n**☒**\n\nSmaller reporting company\n\n☐\n\n​\n\n​\n\n​\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No **☒**\n\nAs of April 30, 2026, the registrant’s outstanding common stock consisted of 1,078 shares of common stock, $0.01 par value per share.\n\nThe Registrant meets the conditions set forth in General Instructions (H)(1)(a) and (b) of Form 10-Q and is therefore filing this Quarterly Report on Form 10-Q with the reduced disclosure format.\n\n*The Registrant currently is not subject to the filing requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934 and is filing this Quarterly Report on Form 10-Q on a voluntary basis. The Registrant has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months as if it were subject to such filing requirements during such period.\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\nTABLE OF CONTENTS\n\n​\n\n​\n\n​\n\n[**PART I — FINANCIAL INFORMATION**](#PARTIFINANCIALINFORMATION_517036)\n\n​\n\n​\n\n[Disclosure Regarding Forward Looking Statements](#DISCLOSUREREGARDINGFORWARDLOOKINGSTATEME)\n\ni\n\n​\n\n​\n\n​\n\n[Item 1.](#ITEM1FINANCIALSTATEMENTS_515645)\n\n[Financial Statements](#ITEM1FINANCIALSTATEMENTS_515645)\n\n1\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Condensed Consolidated Balance Sheets](#BalanceSheets)\n\n1\n\n​\n\n​\n\n​\n\n​\n\n[Condensed Consolidated Statement of Operations and Comprehensive Income (Loss)](#CONDENSEDCONSOLIDATEDSTATEMENTSOFOPERATI)\n\n2\n\n​\n\n​\n\n​\n\n​\n\n[Condensed Consolidated Statements of Changes in Stockholder’s Equity (Deficit)](#CONDENSEDCONSOLIDATEDSTATEMENTSOFCHANGES)\n\n3\n\n​\n\n​\n\n​\n\n​\n\n[Condensed Consolidated Statements of Cash Flows](#CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLO)\n\n4\n\n​\n\n​\n\n​\n\n[Notes to the Condensed Consolidated Financial Statements](#_NOTES_TO_CONDENSED)\n\n5\n\n​\n\n​\n\n​\n\n[Item 2.](#ITEM2MANAGEMENTSNARRATIVEANALYSISOFRESUL)\n\n[Management’s Narrative Analysis of Results of Operations](#ITEM2MANAGEMENTSNARRATIVEANALYSISOFRESUL)\n\n31\n\n​\n\n​\n\n​"}