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AST SpaceMobile (ASTS)
NASDAQ:ASTS
Earnings Data
Report Date
May 18, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.24Last Year’s EPS
-0.2Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and commercial progress — AST moved from pre-revenue to revenue-generating, launched its largest Block 2 satellite (BlueBird 6), secured >$1B of contracted commitments, expanded MNO partnerships, and materially strengthened liquidity (~$3.9B pro forma). Management set clear 2026/2027 revenue ambitions and provided detailed production and launch cadence plans. Offsetting these positives are materially higher operating expenses and capital expenditures, earlier manufacturing cadence challenges (now being addressed), milestone-driven revenue volatility, and potential dilution from convertible financings. On balance, the highlights around revenue generation, funding, technology validation and contract/backlog momentum outweigh the near-term cost and timing headwinds.Company Guidance
Became Revenue-Generating; 2025 Revenue at Top of Guidance
AST SpaceMobile reported full-year 2025 revenue of $70.9 million (top end of guidance $50M–$75M) and recognized $54.3 million of revenue in Q4 2025, driven by gateway hardware sales, government milestones and MNO consulting services.
Substantial Capital Raised and Strong Liquidity
Management raised over $3.5 billion in capital during 2025 and, on a pro forma basis (including February financing and ATM), held approximately $3.9 billion of cash, cash equivalents and restricted cash as of December 31, 2025, providing funding to build and launch a >100-satellite constellation.
Significant Commercial Contract Momentum and Backlog
The company signed definitive commercial agreements with major MNOs including Verizon and stc Group, and reported over $1.0 billion (management cited ~$1.2B) of contracted or minimum committed revenue from partners; ecosystem expanded to >50 MNO partners collectively covering nearly 3 billion subscribers.
Successful Launch and Deployment of Next-Gen Satellite (BlueBird 6)
Launched and successfully unfolded BlueBird 6 (Block 2) — ~2,400 sq ft, ~3.5x larger than prior satellites — proving large-array deployment and enabling lessons to speed subsequent builds; BlueBird 7 is encapsulated and awaiting launch.
Aggressive 2026 Deployment & Manufacturing Ramp
Company remains on track to deploy 45–60 satellites in 2026 (current expectation ~60 ready-to-ship, ~45 in orbit) with launches planned every 1–2 months, 12 additional contracted launches, and production capacity to support up to six 'micron' assemblies per month with a target assembly/integration cadence of six satellites/month in H1 2026.
Vertical Integration and Factory Expansion
Maintains ~95% vertical integration, expanded manufacturing footprint (Midland, TX; Homestead, FL plus a fourth Midland site), and expects to exceed 0.5 million square feet of manufacturing/operational space to control costs and supply chain.
Spectrum, IP and Technology Differentiation
Access to ~1,150 MHz of low-/mid-band tunable MNO spectrum (including 45 MHz MSS in North America and 60 MHz licensed S‑band outside NA), an IP portfolio of >3,100 patents/pending, and integration plans for a novel ASIC (10 GHz processing bandwidth per satellite) to exceed Block 1 throughput (~120 Mbps).
Government Business Growth and Validation
Executed work on 10 U.S. government contracts, recognized meaningful government revenue in 2025, received a $30 million award from the U.S. Space Development Agency and an IDIQ under the Missile Defense Agency's SHIELD program, and highlighted dual-use national-security applications.
2026 and 2027 Revenue Outlook
Management provided 2026 revenue guidance of $150 million to $200 million (at least ~2x 2025) and expects 2027 to be the first full-year commercial-service impact with potential to approach ~$1 billion in annual revenue depending on commercial and government outcomes.
Per-Satellite Cost Guidance
Estimated average capital cost per Block 2 satellite (materials + launch) of $21 million to $23 million, giving clarity on unit economics for scaling the constellation.
ASTS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ASTS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 02, 2026 | $86.92 | $92.68 | +6.63% |
Nov 10, 2025 | $68.70 | $67.89 | -1.18% |
Aug 11, 2025 | $45.92 | $49.76 | +8.36% |
May 12, 2025 | $27.16 | $26.55 | -2.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does AST SpaceMobile (ASTS) report earnings?
AST SpaceMobile (ASTS) is schdueled to report earning on May 18, 2026, After Close (Confirmed).
What is AST SpaceMobile (ASTS) earnings time?
AST SpaceMobile (ASTS) earnings time is at May 18, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ASTS EPS forecast?
ASTS EPS forecast for the fiscal quarter 2026 (Q1) is -0.24.
