AST SpaceMobile Q2 Revenue Misses, But Backlog Hits $1.3B and Guidance Affirmed
ASTS has more than doubled off its 52-week low of $36.08 on light trading volume (0.3× avg).
Summary
AST SpaceMobile reported Q2 revenue of $31.52M, up from $1.16M a year ago but below the $34.98M consensus. Adjusted loss per share of $0.35 was wider than the $0.28 expected. Despite the miss, the company affirmed full-year 2026 revenue guidance of $150M-$200M and disclosed a $1.30B contracted backlog. Operational progress includes 13 satellites in orbit after the BlueBirds 11-13 launch, with BlueBirds 14-16 ready to ship and production ongoing through BlueBird 46. Management is preparing to initiate beta services with select partners and building nearly 50 global gateways. The stock is up 1.30% on the news, reflecting a muted reaction to the mixed results. This follows the $1.0B convertible notes offering closed in July and the CEO's variable prepaid forward contract in June, indicating continued capital deployment for constellation expansion.
At the time of this announcement, ASTS was trading at $73.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $28.5B. The 52-week trading range was $36.08 to $133.86. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Benzinga.