AST SpaceMobile (ASTS) shares fell sharply following the release of its first-quarter 2026 financial results. The company reported a loss of $0.66 per share. This result significantly missed the consensus analyst estimate of a $0.21 loss. The quarterly loss more than tripled the $0.20 loss recorded during the same period last year.
Quarterly revenue reached $14.7 million. This figure fell short of the $39 million expected by analysts. Despite the miss, management reaffirmed its full-year 2026 revenue guidance of $150 million to $200 million.
High capital expenditures for satellite constellation deployment drove the significant losses. The company continues to scale its direct-to-smartphone broadband network.