AST SpaceMobile reported second quarter 2026 revenue of $31.5 million, missing the analyst estimate of $34.4 million. The company reported a net loss of $0.77 per share, significantly wider than expectations due to a $125.9 million loss on involuntary conversion. Management reaffirmed its full-year 2026 revenue guidance of $150.0 million to $200.0 million, supported by a growing revenue backlog and upcoming beta service initiatives.
Key Highlights
- Revenue backlog increased to approximately $1.30 billion in aggregate contracted revenue with commercial partners and the U.S. Government.
- The orbital network grew to 13 spacecraft following the recent launch of BlueBirds 11-13, with production currently ongoing through BlueBird 46.
- Pro forma cash position reached over $3.7 billion as of June 30, 2026, bolstered by a $1.15 billion convertible senior notes offering completed in July.