Companies /Technology

AST SpaceMobile Inc - Class A

NASDAQ: ASTS Communication Equipment
$61.04
â–² $1.16 (+1.94%) today
Markets open · 1:09pm ET

Q2 2026 Earnings

Reported Aug 10, 2026, 4:38pm ET · SEC source
$-0.77
Miss −168.01%
EPS · est. $-0.29 GAAP

Includes a $125.9 million loss on involuntary conversion related to BB7, $63.5 million stock-based compensation expense, and $88.7 million induced conversion expense on convertible notes (six-month figure)

$31.5M
Miss −8.36%
Revenue · est. $34.4M
6 quarters
Consecutive EPS misses

Market Reaction

% change · around the report
0+3%+6%Aug 10Aug 11report 4:38pm ETearnings−0.3%+6.7%
0+3%+6%Aug 10Aug 11earnings−0.3%+6.7%
ASTS +6.7%S&P 500 −0.3%
0+3%+6%Aug 10Aug 11report 4:38pm ETearnings−0.4%+6.7%
0+3%+6%Aug 10Aug 11earnings−0.4%+6.7%
ASTS +6.7%NASDAQ −0.4%
0+4%+8%Aug 10Aug 18report 4:38pm ETearnings−0.7%−1.2%
0+4%+8%Aug 10Aug 18earnings−0.7%−1.2%
ASTS −1.2%S&P 500 −0.7%
0+4%+8%Aug 10Aug 18report 4:38pm ETearnings−0.6%−1.2%
0+4%+8%Aug 10Aug 18earnings−0.6%−1.2%
ASTS −1.2%NASDAQ −0.6%
+4.17%
Day of report
+3.74%
Next session
−6.37%
One week

Did ASTS Beat Earnings? Q2 2026 Results

AST SpaceMobile delivered a deeply disappointing second quarter, <a href="https://247wallst.com/investing/2026/08/10/live-will-ast-spacemobile-crush-q2-earnings-tonight/">missing on both key metrics</a> as investors had been watching closely ahead of the print. Revenue came in at $31.52 million, falling 8.36% short of the $34.40 million consensus, though the figure still represented a staggering 2,626.6% increase from $1.16 million in the year-ago quarter, driven by gateway deliveries and U.S. Government contract milestones. The larger shock came on the bottom line, where GAAP diluted loss per share of $0.77 missed the $0.29 consensus estimate by 168.01%; those results included a $125.9 million loss on involuntary conversion tied to the BB7 launch incident, $63.5 million in stock-based compensation, and $88.7 million in induced conversion expense on convertible notes. Stripping away the BB7 loss is instructive context, but the GAAP figures stand as reported. Despite the turbulent quarter, management reaffirmed full-year 2026 revenue guidance of $150.00 million to $200.00 million, underpinned by a $1.30 billion contracted revenue backlog and a pro forma liquidity position exceeding $3.70 billion following a July convertible notes offering.

Key Takeaways
  • Gateway deliveries to commercial partners
  • U.S. Government contract milestones met
  • Revenue backlog increased to approximately $1.30 billion
  • 13 spacecraft now in orbit with approximately 20,000 square feet of combined aperture hardware deployed
  • Six spacecraft launched within 50 days (BlueBirds 8-13)

“AST SpaceMobile's differentiated technology platform and deep intellectual property portfolio, partner-first mobile network operator strategy, vertically integrated manufacturing capabilities, and comprehensive spectrum strategy are foundational to the space-based cellular broadband market we invented.”

AST SpaceMobile CEO, on the earnings call

Forward Guidance & Outlook

AST SpaceMobile reaffirmed full year 2026 revenue guidance of $150.0 million to $200.0 million, supported by additional contract awards from the U.S. Government. The company expects a quarterly revenue ramp during 2026. Revenue backlog increased to approximately $1.30 billion in aggregate contracted revenue with commercial partners and U.S. Government contract awards. BlueBirds 14-16 are ready to ship shortly, and BlueBirds 17-46 are in various stages of production, targeting approximately 45 satellites in orbit by early 2027. Beta service with select strategic MNO partners is planned for 2026, with 3,000 digital cells already activated across the Continental United States. Pro forma cash position exceeds $3.7 billion following the July 2026 convertible notes offering of $1.150 billion.

ASTS YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$9.0M$18.0M$27.0M$1.2M$31.5MRevenue
$0$9.0M$18.0M$27.0MRevenue

ASTS Revenue by Segment

Products Revenue$24.4M
Services Revenue$7.1M
Gateway Equipment

Figures from SEC filings and company reports. Not investment advice.