Shares of AST SpaceMobile (ASTS) fell in after-hours trading after the satellite communications company reported earnings for its second quarter of Fiscal Year 2026. Earnings per share came in at -$0.77, which missed analysts’ consensus estimate of -$0.37 per share.
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Double your ASTS exposure with Tradr's ASTXIn addition, sales increased by 2,617% year-over-year, with revenue hitting $31.52 million. This also missed analysts’ expectations of $35 million.
Business Highlights
AST SpaceMobile continues to expand its direct-to-device satellite network, with 13 spacecraft now in orbit and more on the way. The company says BlueBirds 14, 15, and 16 will be ready to ship soon, while BlueBird 17 through BlueBird 46 are already in different stages of production. At the same time, AST has signed partnerships with more than 60 mobile network operators that together cover over 3 billion subscribers, giving it a large built-in customer base if commercial service scales successfully.
The technology is also getting more capable. AST says that its newer Block 2 satellites should support peak speeds of 200 Mbps, compared with nearly 100 Mbps recently demonstrated on a Block 1 satellite. The company is also targeting access to about 100 MHz of spectrum in the U.S. and more than 60 MHz globally, depending on the market.
Meanwhile, beta testing is moving closer, with 3,000 digital cells already activated across the continental U.S. AST is also testing with partners in Europe and other markets, while building nearly 50 ground gateways to support future service.
Financially, the company is still in the early stages of its revenue ramp, but its contracted business is growing. Indeed, total backlog increased to about $1.30 billion from commercial deals and U.S. government contracts. AST also received more than $125 million in U.S. government awards tied to national-security applications.
Outlook
Looking forward, AST SpaceMobile says that it remains on track to hit its 2026 revenue guidance of $150 million to $200 million.
Is ASTS Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on ASTS stock based on four Buys, five Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average ASTS price target of $88.87 per share implies 29.2% upside potential. However, it’s worth noting that estimates will likely change following today’s earnings report. (See ASTS Stock Forecast).
