Shares of AST SpaceMobile (ASTS) are jumping in after-hours trading after the satellite communications company reported earnings for its second quarter of Fiscal Year 2025. Earnings per share came in at -$0.41, which missed analysts’ consensus estimate of -$0.19 per share. At the same time, sales increased by 29% year-over-year, with revenue hitting $1.16 million. Still, this also missed analysts’ expectations of $6.7 million.
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Nevertheless, as of June 30, 2025, AST SpaceMobile had $939.4 million in cash, cash equivalents, and restricted cash, plus more than $1.5 billion when including recent financing deals. Second-quarter operating expenses were $74 million, up from $63.7 million in Q1, mainly due to higher administrative and engineering costs. Adjusted operating expenses were $51.7 million. Interestingly, though, with its funding, partnerships, and infrastructure in place, AST SpaceMobile says it is on track to achieve its satellite deployment and service expansion goals over the next two years.
Indeed, CEO Abel Avellan confirmed that the company is fully funded to launch between 45 and 60 satellites by 2026, which would allow for continuous service in the U.S., Europe, Japan, and other key markets. Right now, there are six satellites in orbit, and the company has finished assembling core components for eight Block 2 BlueBird satellites. By early 2026, AST SpaceMobile expects to complete enough components for 40 satellites, thereby allowing it to provide full voice, data, and video broadband directly from space.
Company Outlook
Looking forward, the company hopes to begin offering nationwide intermittent service in the U.S. by the end of 2025, with the U.K., Japan, and Canada following in early 2026. In addition, revenue for the second half of 2025 is expected to be between $50 million and $75 million, coming from both government and commercial customers.
Is ASTS Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on ASTS stock based on five Buys and two Holds assigned in the past three months, as indicated by the graphic below. Furthermore, the average ASTS price target of $47.84 per share implies 4.2% upside potential. However, it’s worth noting that estimates will likely change following today’s earnings report.
