Satellite broadband firm AST SpaceMobile's Q2 revenue misses estimates

AST SpaceMobile

10/08/2026 21:42

Overview
US satellite broadband firm's Q2 revenue missed analyst expectations
Company expanded constellation to 13 satellites in orbit, with more launches planned
Revenue backlog rose to about $1.3 bln, supported by commercial and U.S. government contracts

Outlook
Company on track to achieve full-year 2026 revenue guidance of $150 mln to $200 mln
AST SpaceMobile preparing to initiate beta services with select strategic partners in 2026
Company sees expanding market opportunity in direct-to-device cellular broadband and government applications

Result Drivers
GATEWAY DELIVERIES AND GOVERNMENT MILESTONES - Q2 revenue was driven by gateway deliveries and meeting U.S. government contract milestones
CONSTELLATION EXPANSION - Co expanded its space-based cellular broadband network to 13 satellites in orbit, with additional satellites in production
INCREASED OPERATING EXPENSES - Operating expenses rose due to a loss on involuntary conversion and higher general and administrative costs

Company press release: ID:nBw7ZKjYDa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$31.52 mln
$34.98 mln (10 Analysts)
Q2 Loss Per Share
 
$0.77
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "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 $82.12, about 14.2% above its August 7 closing price of $71.94

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(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.)