AST SpaceMobile Inc - Class A
Q1 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +0.48%.
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, 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 <a href="https://247wallst.com/investing/2026/05/11/live-will-asts-stock-soar-tonight-on-q1-earnings/">questions heading into earnings</a> 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.
- 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
“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.”
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, 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
ASTS Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.