AST SpaceMobile reported first quarter 2026 revenue of $14.7 million and a net loss of $0.66 per share, missing analyst expectations for revenue of $38.24 million and a loss of $0.23 per share. Despite the misses, the company reaffirmed its full-year 2026 guidance and operational targets.
Key Highlights
- Management reaffirmed its full-year 2026 revenue guidance of $150.0 million to $200.0 million, expecting a ramp in the second half of the year.
- The company ended the quarter with a strong liquidity position, holding approximately $3.5 billion in cash, cash equivalents, and restricted cash as of March 31, 2026.
- ASTS is maintaining its network deployment target of approximately 45 BlueBird satellites in orbit during 2026, with the next three satellites (BlueBird 8, 9, and 10) scheduled for a mid-June launch.
- A new technical record was achieved, with an in-orbit Block 1 BlueBird satellite delivering 98.9 Mbps peak data speeds directly to an unmodified smartphone.