Q1 26 EPS
$-0.66
MISS 223.21%
Est. $-0.20
Q1 26 Revenue
$14.7M
MISS 59.72%
Est. $36.6M
vs S&P Since Q1 26
-3.1%
TRAILING MARKET
ASTS -2.2% vs S&P +0.8%
Market Reaction
Did ASTS Beat Earnings? Q1 2026 Results
AST SpaceMobile delivered a sharp double miss in its first quarter of 2026, leaving investors to weigh the company's long-term satellite ambitions against a near-term financial picture that fell well short of expectations. Revenue of $14.73 million, … Read more AST SpaceMobile delivered a sharp double miss in its first quarter of 2026, leaving investors to weigh the company's long-term satellite ambitions against a near-term financial picture that fell well short of expectations. Revenue of $14.73 million, while representing a remarkable 1,952.2% jump from $718,000 a year ago, came in 59.72% below the $36.58 million consensus, and the GAAP loss per share of $0.66 missed the $0.20 estimate by 223.21%. The shortfall was driven in large part by an $88.65 million induced conversion expense on convertible notes and a $55.35 million stock-based compensation charge, ballooning the net loss attributable to common shareholders to $191.01 million from $45.71 million a year earlier. Those questions heading into earnings now give way to scrutiny of the path ahead, though management reaffirmed full-year 2026 revenue guidance of $150 million to $200 million, backed by contracted backlog and a growing roster of nearly 60 mobile network operator partners covering more than 3 billion subscribers.
Key Takeaways
- • Gateway deliveries and U.S. Government milestones drove Q1 revenue
- • Nearly 60 global MNO partners covering over 3 billion subscribers
- • Vertically integrated manufacturing reaching scale with BlueBird 11-33 in advanced production
- • FCC grant of Supplemental Coverage from Space for commercial U.S. direct-to-device broadband
ASTS Forward Guidance & Outlook
AST SpaceMobile reaffirmed full-year 2026 revenue guidance of $150.0 million to $200.0 million, primarily driven by mobile network partners and the U.S. Government. Approximately half of the full-year guidance is expected to be achieved from existing contracted revenue backlog. The company is targeting approximately 45 BlueBird satellites in orbit during 2026, with BlueBirds 8-10 launching in mid-June, and BlueBirds 11-33 in advanced stages of production and assembly. Block 2 BlueBird satellites are expected to nearly double the 98.9 Mbps peak data speeds achieved on Block 1 satellites. AI edge computing and AI spectrum management features for on-orbit capabilities are targeted for BlueBird integration by year-end. The company is scaling ground network integration efforts across 17 countries targeting 2.9 billion people.
ASTS YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
ASTS Revenue by Segment
With YoY comparisons, source: SEC Filings
“AST SpaceMobile is accelerating manufacturing, regulatory progress, commercial partnerships, and government programs, furthering our position as the only technology positioned to capture the massive direct to device broadband opportunity in full. BlueBird 8, BlueBird 9, and BlueBird 10 will be launched into low Earth orbit in mid-June and we are in advanced stages of production and assembly of BlueBird 11 through BlueBird 33.”
— Abel Avellan, Q1 2026 Earnings Press Release
ASTS Earnings Trends
ASTS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ASTS EPS Trend
Earnings per share: estimate vs actual
ASTS Revenue Trend
Quarterly revenue: estimate vs actual
ASTS Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $-0.20 | $-0.66 | -223.21% | $14.7M | -59.72% |
| Q4 25 MISS FY | $-0.20 | $-0.26 | -30.00% | $54.3M | +30.70% |
| FY Full Year | $-1.26 | $-1.34 | -6.66% | $70.9M | +20.50% |
| Q3 25 MISS | $-0.27 | $-0.45 | -66.85% | $14.7M | -33.13% |
| Q2 25 MISS | $-0.08 | $-0.41 | -412.50% | $1.2M | -95.29% |
| Q1 25 MISS | $-0.17 | $-0.20 | -17.72% | $718,000 | -81.35% |