AST SpaceMobile (NASDAQ:ASTS) Announces Earnings Results

AST SpaceMobile (NASDAQ:ASTS) posted its earnings results on Monday. The company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.45), FiscalAI reports. AST SpaceMobile had a negative return on equity of 24.87% and a negative net margin of 573.67%.The firm had revenue of $31.52 million during the quarter, compared to the consensus estimate of $34.98 million. During the same quarter last year, the company posted ($0.41) EPS.

Here are the key takeaways from AST SpaceMobile’s conference call:

• Q2 revenue more than doubled sequentially to $31.5 million, driven by commercial gateway deliveries and U.S. government milestones. Management reiterated full-year 2026 revenue guidance of $150 million–$200 million, with revenue expected to increase each quarter and be weighted toward Q4.
• The company reported approximately $1.3 billion in revenue backlog and more than $3.7 billion of pro forma cash, equivalents, and restricted cash. It also announced three U.S. government contract awards with more than $100 million of funded value expected in 2026–2027 and said government revenue could become a recurring multibillion-dollar annual opportunity beginning in 2027.
• Commercial deployment continued to advance, with more than 60 mobile network operator partners representing over 3 billion subscribers, approximately 50 gateways in various stages across 20 markets, and a target of roughly 45 BlueBird satellites in orbit by early 2027. Management is targeting consumer beta availability later in 2026 and commercial service with approximately 45 satellites.
• AST SpaceMobile received a preliminary selection for Japan’s J-LEO project, which could provide up to approximately $1 billion in non-dilutive, non-debt government capital, while expanding opportunities in radar, secure government communications, emergency response, IoT, and AI edge computing.
• Growth requires substantial spending: Q2 adjusted operating expenses excluding cost of revenues rose to $95.9 million, capital expenditures reached approximately $610 million, and Q3 adjusted operating expenses are expected to increase to $105 million–$115 million. The 2026 revenue plan remains dependent on successful satellite launches, gateway deliveries, and contract milestones.

AST SpaceMobile Trading Down 4.4%

Shares of ASTS stock opened at $68.76 on Tuesday. The stock has a 50-day simple moving average of $75.22 and a 200 day simple moving average of $85.69. The stock has a market capitalization of $26.69 billion, a P/E ratio of -38.63 and a beta of 2.76. AST SpaceMobile has a fifty-two week low of $36.08 and a fifty-two week high of $133.86. The company has a quick ratio of 18.37, a current ratio of 18.47 and a debt-to-equity ratio of 1.11.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. New Street Research set a $106.00 price target on AST SpaceMobile in a report on Friday, May 29th. B. Riley Financial raised AST SpaceMobile from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Friday, July 17th. Wall Street Zen cut AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 15th. Roth Capital reaffirmed a “buy” rating and set a $108.00 target price on shares of AST SpaceMobile in a research note on Tuesday, May 12th. Finally, Piper Sandler started coverage on AST SpaceMobile in a research report on Wednesday, July 15th. They set an “overweight” rating and a $100.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, AST SpaceMobile currently has a consensus rating of “Hold” and a consensus price target of $87.87.

Insiders Place Their Bets

In related news, Director Julio A. Torres sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $76.34, for a total transaction of $1,145,100.00. Following the completion of the sale, the director directly owned 43,239 shares of the company’s stock, valued at $3,300,865.26. This represents a 25.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Huiwen Yao sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $96.37, for a total transaction of $3,854,800.00. Following the sale, the chief technology officer owned 34,750 shares of the company’s stock, valued at $3,348,857.50. The trade was a 53.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 105,809 shares of company stock worth $9,748,492. 20.89% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AST SpaceMobile

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings in AST SpaceMobile by 11.8% during the 1st quarter. AQR Capital Management LLC now owns 34,548 shares of the company’s stock worth $786,000 after buying an additional 3,642 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of AST SpaceMobile by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,764 shares of the company’s stock valued at $1,814,000 after acquiring an additional 3,515 shares during the period. Millennium Management LLC raised its holdings in shares of AST SpaceMobile by 16.1% during the first quarter. Millennium Management LLC now owns 467,626 shares of the company’s stock valued at $10,634,000 after acquiring an additional 64,989 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of AST SpaceMobile by 18.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 325,621 shares of the company’s stock valued at $7,405,000 after acquiring an additional 49,811 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of AST SpaceMobile in the 1st quarter valued at approximately $168,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

AST SpaceMobile News Summary

Here are the key news stories impacting AST SpaceMobile this week:

• Positive Sentiment: Management maintained a 2026 revenue outlook of $150 million to $200 million, broadly bracketing the roughly $167.8 million analyst consensus. The company also reaffirmed its longer-term $1 billion revenue goal, supporting the growth story if satellite deployment and commercial service launches remain on schedule. AST SpaceMobile Raises Revenue Outlook as Satellite Network Expands
• Positive Sentiment: AST SpaceMobile reported a backlog of approximately $1.3 billion, booked 10 launches, and said BlueBird satellite production has advanced through satellite 46. It is targeting approximately 45 satellites in orbit in early 2027, which could expand network capacity and commercial coverage. AST SpaceMobile Posts Q2 Misses, Backlog Grows to $1.3 Billion
• Positive Sentiment: Recent BlueBird launches and European testing with major mobile operators provide potential catalysts, particularly if ASTS converts trials and partnerships into recurring service revenue. Can ASTS’ Satellite Connectivity Rollout Across Europe Lift Shares?
• Neutral Sentiment: The broader market backdrop was cautious because of inflation concerns and uncertainty surrounding the Strait of Hormuz, potentially adding volatility to high-beta growth stocks such as ASTS. AST SpaceMobile, Intel, On, Hims, and More Stocks That Explain Today’s Market
• Negative Sentiment: Second-quarter revenue was $31.52 million, below the $34.98 million estimate, while the reported loss was substantially worse than expected. Results compared with a $0.41-per-share loss a year earlier, highlighting continued heavy investment and execution risk. AST SpaceMobile, Inc. Reports Q2 Loss, Lags Revenue Estimates

AST SpaceMobile Company Profile

AST SpaceMobile is a U.S.-based aerospace company developing a space-based cellular broadband network designed to connect standard mobile phones and other devices directly to satellites. The company’s core proposition is “space-to-cell” service: operating a constellation of low-Earth-orbit (LEO) satellites equipped with large, high-power phased-array antennas to provide wide-area mobile broadband without requiring users to buy specialized terminals or handset modifications.

AST SpaceMobile designs, builds and operates satellite payloads and supporting ground infrastructure.