AST SpaceMobile Q2 2026 earnings miss, full-year guidance held

AST SpaceMobile reported second-quarter gross of $31.5 million, falling abbreviated of expert expectations, portion reaffirming its full-year gross guidance of $150 cardinal to $200 million.

The $34.5 cardinal expert consensus, cited by The Wall Street Journal, went unmet. AST SpaceMobile attributed the period's gross to gateway deliveries and advancement against contractual milestones connected U.S. authorities work.

The nett nonaccomplishment attributable to communal stockholders came successful astatine $230.9 million, oregon 77 cents a share, against $99.4 million, oregon 41 cents a share, successful the year-ago quarter. On the outgo side, full operating expenses jumped to $329.1 cardinal from $164.1 cardinal successful the anterior quarter, with a $125.9 cardinal nonaccomplishment connected involuntary conversion among the largest enactment items.

AST SpaceMobile's gross backlog present stands astatine astir $1.3 billion, encompassing contracts with some commercialized partners and U.S. authorities customers. The institution noted it has collected implicit $125 cardinal successful cumulative authorities backing directed astatine national-security usage cases.

The full-year guidance is supported successful portion by further declaration awards from the U.S. government, the institution said. The Wall Street Journal reported that the FactSet expert statement had pegged full-year gross astatine $155.7 million.

With six spacecraft launched successful nether 50 days, AST SpaceMobile has brought its in-orbit full to 13 satellites. Three further BlueBirds — numbers 14, 15, and 16 — are adjacent to shipment-ready, and satellites 17 done 46 stay astatine assorted points on the accumulation and assembly pipeline. The institution is targeting a beta-service motorboat with definite mobile-network partners earlier year-end 2026.

AST SpaceMobile's commercialized roster includes deals with upward of 60 mobile-network operators whose combined lawsuit bases transcend 3 cardinal subscribers. The institution said web integration and investigating activities are underway crossed European markets with Vodafone, Orange, Telefónica, Vodafone Ukraine, and Deutsche Telekom, arsenic good arsenic successful Canada, Japan, and Saudi Arabia, taxable to regulatory approvals.

The results travel aft a hard agelong for the company's constellation-building effort. Earlier this year, Blue Origin's New Glenn rocket placed BlueBird 7 into the incorrect orbit, destroying the outer and sending AST SpaceMobile banal down sharply. The institution said an security argumentation absorbed the fiscal interaction of the nonaccomplishment and that replacement satellites were being prepared.

As of June 30, 2026, AST SpaceMobile held astir $2.7 cardinal successful cash, currency equivalents, and restricted cash. In July, it raised $1.15 cardinal successful gross proceeds from a convertible notes offering.

AST SpaceMobile banal fell 3.7% successful after-hours trading Monday.