Companies /Technology

AST SpaceMobile Inc - Class A

NASDAQ: ASTS Communication Equipment
$61.44
â–² $1.56 (+2.61%) today
Markets closed · 5:46pm ET

Q3 2025 Earnings

Reported Nov 10, 2025, 4:27pm ET · SEC source
$-0.45
Miss −66.85%
EPS · est. $-0.27
$14.7M
Miss −33.13%
Revenue · est. $22.0M
+13.2%
Beating market
ASTS vs S&P since report
6 quarters
Consecutive EPS misses

Market Reaction

% change · around the report
−2%0+2%Nov 10Nov 11report 4:27pm ETearnings+0.2%−0.7%
−2%0+2%Nov 10Nov 11earnings+0.2%−0.7%
ASTS −0.7%S&P 500 +0.2%
−2%0+2%Nov 10Nov 11report 4:27pm ETearnings−0.2%−0.7%
−2%0+2%Nov 10Nov 11earnings−0.2%−0.7%
ASTS −0.7%NASDAQ −0.2%
−21%−14%−7%0Nov 10Nov 18report 4:27pm ETearnings−3.2%−16.3%
−21%−14%−7%0Nov 10Nov 18earnings−3.2%−16.3%
ASTS −16.3%S&P 500 −3.2%
−21%−14%−7%0Nov 10Nov 18report 4:27pm ETearnings−4.5%−16.3%
−21%−14%−7%0Nov 10Nov 18earnings−4.5%−16.3%
ASTS −16.3%NASDAQ −4.5%
−1.18%
Day of report
−5.01%
Next session
−14.24%
One week
+12.98%
30 days

S&P 500 over the same 30 days: −0.18%.

Did ASTS Beat Earnings? Q3 2025 Results

AST SpaceMobile delivered a headline miss on both top and bottom lines in Q3 2025, though the numbers alone tell only part of the story for a company still racing to build its space-based cellular network. Revenue came in at $14.74 million — a striking 1,239.9% surge year-over-year, yet 33.13% short of the $22.04 million consensus — while an EPS loss of $0.45 fell well below the $0.27 estimate, a 66.85% miss that rattled <a href="https://247wallst.com/investing/2026/03/02/live-will-ast-spacemobile-beat-earnings-after-the-bell-tonight/">investors watching closely</a>. The shortfall was largely a function of timing: revenue remains tied to gateway deliveries and government milestones rather than recurring commercial service, keeping results lumpy and unpredictable. Against that backdrop, the company secured over $1.00 billion in contracted revenue commitments, including landmark deals with stc Group and Verizon. Looking ahead, management reiterated second-half 2025 revenue guidance of $50.00 million to $75.00 million and targets five orbital launches by end of Q1 2026, aiming for 45 to 60 operational satellites by year-end 2026.

Key Takeaways
  • Q3 2025 GAAP revenue of $14.7 million driven by U.S. Government contract milestones and gateway deliveries
  • Secured over $1.0 billion in aggregate contracted revenue commitments from partners
  • Definitive commercial agreements signed with stc Group and Verizon

“AST SpaceMobile continues to lead the direct-to-device space-based cellular broadband industry. During the past few months, commercial activity has significantly accelerated, demonstrating the robust demand for our solution across the ecosystem.”

AST SpaceMobile CEO, on the earnings call

Forward Guidance & Outlook

AST SpaceMobile reiterates its second-half 2025 revenue guidance of $50.0 million to $75.0 million. The company targets five orbital launches by end of Q1 2026, with launches every one to two months on average to reach a goal of 45 to 60 satellites by end of 2026. Initial activations are planned in key markets including nationwide intermittent service across the continental United States, with activations in Canada, Japan, Saudi Arabia, and the United Kingdom expected in early 2026. The company expects to complete assembly of 40 satellites equivalent of microns by early 2026. A proprietary ASIC with up to 10 GHz of processing bandwidth is planned for first integration during Q1 2026. The company announced its intention with Vodafone for a new EU constellation serving mobile network operators across Europe.

ASTS YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$-120,000,000$-80,000,000$-40,000,000$0$1.1M$14.7MRevenue$-101,575,727$-79,676,000Operating Income$-95,592,034$-122,874,000Net Income
$-120,000,000$-80,000,000$-40,000,000$0RevenueOperating IncomeNet Income

ASTS Revenue by Segment

Products Revenue
Services Revenue
Gateway Equipment

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