AST SpaceMobile Q2 Update: $1.3B Revenue Backlog, 13 Satellites in Orbit, Beta Services Near
ASTS sits 99% above its 52-week low of $36.08.
Summary
AST SpaceMobile reported Q2 2026 results with a revenue backlog of approximately $1.30 billion from commercial partners and U.S. government contracts, and Q2 revenue of $31.5 million, which missed estimates. The company raised its revenue outlook as its satellite network expands. The constellation has grown to 13 satellites after the recent launch of BlueBirds 11, 12, and 13, with BlueBirds 14-16 preparing for shipment and production ongoing through BlueBird 46. The company is preparing to initiate beta services with select strategic partners. Block 2 satellites are expected to deliver peak data rates approaching 200 Mbps, and a proprietary ASIC enables a 10x throughput improvement over Block 1. A new joint venture planned by the top three U.S. MNOs aims to provide space-based cellular broadband to every American, and network integration and testing is underway with major European operators and in Canada, Japan, and Saudi Arabia. This follows the $1.15 billion convertible notes offering closed in July, which fortified the balance sheet for this expansion.
At the time of this announcement, ASTS was trading at $71.64 on NASDAQ in the Technology sector, with a market capitalization of approximately $26.7B. The 52-week trading range was $36.08 to $133.86. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.