AST SpaceMobile Q1 revenue falls short of estimates

AST SpaceMobile

11/05/2026 21:46

Overview

Space-based cellular broadband provider's Q1 revenue declined and missed analyst expectations

Q1 adjusted EPS was -0.66

Company maintains strong cash position with $3.5 bln in cash and equivalents

Outlook

AST SpaceMobile sees full-year 2026 revenue of $150 mln to $200 mln

Company targets about 45 BlueBird satellites in orbit during 2026

Company expects about half of 2026 revenue from contracted backlog

Result Drivers

GATEWAY DELIVERIES & GOVERNMENT MILESTONES - Q1 revenue driven by gateway deliveries and U.S. Government milestones met

Company press release: ID:nBwl4jkTa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$14.73 mln
$37.63 mln (8 Analysts)
Q1 EPS
-$0.66


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the wireless telecommunications services peer group is "buy."

Wall Street's median 12-month price target for AST SpaceMobile Inc is $86.69, about 15.5% above its May 8 closing price of $75.05

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)