AST SpaceMobile Q2 Results Miss Estimates, Reaffirm Guidance

AST SpaceMobile reported second-quarter results on Aug. 10, 2026, that fell short of analyst expectations. The company emphasized a large contracted backlog, operator partnerships, and government awards while losses and cash burn remain high.

Quarter Results and Misses

AST SpaceMobile posted revenue of $31.5 million for the quarter, up from $1.2 million a year earlier. Management attributed the increase to gateway deliveries and U.S. government contract milestones, framing the quarter as part of a planned revenue ramp through 2026.

The company recorded a net loss attributable to common stockholders of $230.9 million, compared with $99.4 million in the prior-year period. Total operating expenses reached $329.1 million, including a $125.9 million loss on involuntary conversion related to the BB7 launch incident.

The results missed Street expectations on both revenue and adjusted loss per share, drawing focus in coverage of ASTS earnings.

Backlog, Guidance, and Scale

AST SpaceMobile reaffirmed full-year 2026 revenue guidance of $150 million to $200 million, basing its commercial ramp assumptions on contracted work and milestone timing.

The company’s backlog stood at approximately $1.30 billion in aggregate contracted revenue. It highlighted more than 60 mobile network operator partnerships covering over 3 billion subscribers as a foundation for future growth.

Management noted the network now includes 13 satellites in orbit following the launch of BlueBirds 11–13, expanding the platform available to partners. The company also reported receiving more than $125 million in aggregate U.S. government awards tied to national-security applications, which it cited alongside operator contracts as supporting its revenue outlook.

While some reports referenced more than $3.7 billion in pro forma cash, equivalents, and restricted cash, the company’s update emphasized ongoing losses and increased operating expenses, partly due to the BB7 accounting charge.