AST SpaceMobile, Inc. Earnings Recaps
Q2 2026
Aug 13, 2026
AST SpaceMobile's shares declined modestly by 0.4% following the earnings update, reflecting a market verdict that results met expectations without meaningful upside or setbacks.
Key takeaways
- The company reinforced its long-term vision to build the first global direct-to-device cellular broadband network using low- and mid-band spectrum, integrating with existing mobile network operators rather than replacing them.
- AST SpaceMobile reported progress with 13 spacecraft in orbit, expanded global infrastructure including about 50 gateways, and deployment of over 3,000 low-band cellular cells in the U.S. towards a total of 5,600 expected this year.
- New satellite launches (BlueBird 11-13) demonstrated the ability to build and deploy advanced phased arrays rapidly, with larger, fully composite BlueBird satellites now operational.
- The company’s ASIC chip is in full production, targeting a near doubling of peak data speeds from prior satellites, with a roadmap indicating up to a 10x improvement in processing bandwidth per satellite over time.
- The update lacked specific financial metrics or revised guidance, and no clear catalysts emerged to move the stock materially, resulting in a muted market response.
Q1 2026
May 12, 2026
The stock surged 10% following Q1 2026 as AST Space Mobile beat expectations on multiple fronts, notably its manufacturing scale-up, network partner expansion, and promising satellite performance improvements.
Key takeaways
- Manufacturing scale accelerated significantly, targeting production of 6 fully assembled satellites per month with 95% vertical integration.
- Satellite technology demonstrated advancements with a recent on-orbit peak data speed of 98.9 Mbps and plans for next-generation Block II satellites expected to nearly double speeds.
- Network ecosystem now includes nearly 60 global mobile network operator partners, covering over 3 billion subscribers with $1.2 billion in contracted revenue commitments.
- Ground gateway architecture compatible with existing 4G, 5G, and future cellular standards, facilitating global scaling across key markets including the U.S., Canada, Europe, India, and parts of Africa.
- Multi-provider launch strategy remains on track with approximately 45 satellites targeted for deployment by year-end 2026.
Q3 2025
Nov 11, 2025
AST SpaceMobile achieved significant commercial progress in Q3 2025, securing landmark agreements with Verizon and STC, while advancing its technology milestones in the space-based cellular broadband market.
Key takeaways
- Signed definitive agreements with Verizon and STC, highlighting expanding commercial partnerships with over 50 mobile network operators globally.
- Demonstrated successful technology milestones, including direct voice and video calls via Blue Bird satellites with Verizon and Bell Canada.
- Secured over $1 billion in total contracted revenue commitments from commercial partners, signaling strong market confidence.
- Manufacturing efforts remain on track, with plans to ramp up satellite production to six satellites per month by 2025 year-end.
- Expected to activate intermittent nationwide service by early 2026, targeting comprehensive coverage across the Continental U.S. and select international markets.
Q2 2025
Aug 12, 2025
AST SpaceMobile reported a highly productive second quarter, marked by significant advancements in satellite manufacturing and a strong trajectory towards commercial service in the U.S. by year-end.
Key takeaways
- Completed assembly of microns and phase arrays for eight Block 2 BlueBird satellites, with a target of 40 by early 2026.
- Anticipates at least five orbital launches by Q1 2026, ensuring key market coverage including the U.S., Europe, and Japan.
- Established agreements with over 50 mobile network operator partners, representing nearly 3 billion potential subscribers globally.
- Secured 60 MHz of global S-Band spectrum priority rights, enhancing service capability across multiple countries as regulatory conditions allow.
- Preparing for interim nationwide service deployment in the U.S. with partners AT&T and Verizon by end of 2025.