Satellite designer and manufacturer AST SpaceMobile (ASTS) is set to report first-quarter earnings on May 11, and options traders are expecting a volatile reaction. The options market is pricing in a 19.04% move in either direction following the results. This implied move reflects both rising expectations and ongoing uncertainty about the company’s path to commercializing space‑based cellular broadband.
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What Are Investors Looking For in ASTS’ Q1 Report?
Here is what investors are looking for in ASTS’ Q1 2026 earnings report:
- Satellite Deployment: Investors will be looking for updates on the production of BlueBird 8-10 satellites, which the company says are expected to ship within 30 days of the earnings release. Also, traders will look for confirmation of the goal of having 45 satellites in orbit by the end of 2026.
- Partnership Updates: Updates on agreements with major telecom partners such as Verizon (VZ), AT&T (T), and Vodafone (VOD) are crucial, as they serve as indicators of future revenue generation.
- Manufacturing Progress: The company recently highlighted its Texas facility, showcasing more than 500,000 square feet of manufacturing capacity to support its goal of launching satellites every one to two months.
Analysts’ Expectations for ASTS’s Q1 Results
Currently, analysts project revenue of about $39 million. This represents a dramatic year-over-year increase from the $0.72 million reported a year ago. Meanwhile, ASTS is expected to report a loss of $0.24 per share for the quarter, compared with a loss of $0.20 in the year-ago quarter.
Also, investors will likely focus on the company’s liquidity, as capital expenditure remains elevated due to satellite production.
It is worth noting that AST SpaceMobile has surpassed earnings expectations in only one of the past eight quarters, as shown in the image below.
Is ASTS a Strong Buy?
Turning to Wall Street, ASTS stock has a Hold consensus rating based on four Buys, five Holds, and two Sells assigned in the last three months. At $89.58, the average AST SpaceMobile stock price target implies a 29.19% upside potential.
