AST SpaceMobile (NASDAQ:ASTS) Posts Earnings Results

AST SpaceMobile (NASDAQ:ASTS) posted its quarterly earnings results on Monday. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.03), FiscalAI reports. AST SpaceMobile had a negative return on equity of 21.29% and a negative net margin of 439.71%. The company had revenue of $42.32 million during the quarter, compared to analysts’ expectations of $45.73 million. During the same period in the prior year, the business posted ($0.45) EPS. The company’s quarterly revenue was up 187.9% on a year-over-year basis.

Here are the key takeaways from AST SpaceMobile’s conference call:

• AST SpaceMobile said it remains on track to begin intermittent nationwide service in the U.S. and other key markets before year-end 2026, starting with partners in the U.S., Canada, Japan, Saudi Arabia, and the U.K. It also reported validating a satellite-to-ground beam handover with AT&T; broader user beta trials are expected in early 2027.
• The company is targeting production of six ASIC-enabled satellites per month by December and about 45 satellites in orbit by mid-2027. Management said the new ASIC offers 10 times the processing bandwidth of its first-generation satellites, though deployment and production targets remain subject to execution and launch schedules.
• AST reported $42.3 million in Q3 revenue and reiterated its $150 million–$200 million full-year 2026 revenue guidance, citing potential upside from contract milestones and the Japan program. It ended September with more than $3.2 billion in cash, equivalents, and restricted cash, and said Japan’s J-LEO initiative provides about $1 billion in non-dilutive funding.
• Spending is set to rise: Q4 adjusted operating expenses, excluding adjusted cost of revenue, are forecast at $130 million–$140 million, with capital expenditures of $400 million–$500 million. Management also expects several hundred million dollars of incremental Blacklift-related CapEx in 2027.
• The company said external launch agreements cover more than 100 satellites for deployment in 2027–2028, while its own Blacklift rocket is targeted to begin launches in late 2028. Management sees Blacklift as a way to improve launch access and long-term economics, but its development adds execution risk and does not replace near-term reliance on external launch providers.

AST SpaceMobile Stock Performance

Shares of NASDAQ ASTS traded up $2.30 during trading on Wednesday, reaching $35.99. 5,796,248 shares of the company traded hands, compared to its average volume of 16,801,963. The company has a current ratio of 13.05, a quick ratio of 12.90 and a debt-to-equity ratio of 1.24. The stock has a market cap of $14.01 billion, a P/E ratio of -16.92 and a beta of 2.88. The firm’s fifty day simple moving average is $51.23 and its 200 day simple moving average is $75.27. AST SpaceMobile has a 12-month low of $27.58 and a 12-month high of $133.86.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. William Blair reissued a “market perform” rating on shares of AST SpaceMobile in a report on Monday, October 5th. B. Riley Financial reduced their target price on AST SpaceMobile from $65.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday. Berenberg Bank initiated coverage on AST SpaceMobile in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $92.00 target price for the company. Scotiabank raised AST SpaceMobile from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $50.80 to $55.70 in a research report on Friday, October 23rd. Finally, Citigroup reiterated a “positive” rating on shares of AST SpaceMobile in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, AST SpaceMobile has an average rating of “Hold” and an average price target of $75.47.

Top AST SpaceMobile Stories

These are some of the ASTS stories that stood out recently:

• Negative Sentiment: Third-quarter revenue rose about 188% year over year to $42.3 million but missed expectations of $45.7 million; the $0.44-per-share loss was also wider than the expected $0.41. Higher costs and questions about launch timing and commercial execution have overshadowed growth. Article: Why AST SpaceMobile Plunged Today
• Negative Sentiment: Analysts cut price targets, citing slower satellite launches and later commercial availability. AST’s ambitious satellite rollout and proposed Blacklift rocket have also raised concerns about execution and cash needs, while the stock remains far below its record high. Article: UBS Adjusts AST SpaceMobile Price Target
• Negative Sentiment: A securities class action has been filed concerning the period from March 4, 2025, to July 15, 2026; the lead-plaintiff deadline is November 13. The suit adds reputational and legal uncertainty, though the claims remain allegations. Article: Kaplan Fox Reminds ASTS Investors of Lead Plaintiff Deadline

Insider Activity at AST SpaceMobile

In related news, COO Shanti Gupta sold 12,000 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $58.89, for a total transaction of $706,680.00. Following the sale, the chief operating officer directly owned 462,980 shares of the company’s stock, valued at approximately $27,264,892.20. This represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Adriana Cisneros acquired 10,822 shares of the business’s stock in a transaction on Monday, August 31st. The stock was purchased at an average cost of $57.22 per share, with a total value of $619,234.84. Following the acquisition, the director directly owned 797,023 shares of the company’s stock, valued at $45,605,656.06. This represents a 1.38% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 20.89% of the company’s stock.

AST SpaceMobile Company Profile

AST SpaceMobile, Inc. develops a space-based cellular broadband network designed to connect directly with standard mobile phones, without requiring users to purchase specialized satellite devices. Its planned services include voice calls, text messaging and mobile broadband, delivered through partnerships with mobile network operators and integrated with their existing networks. The company is developing and deploying its BlueBird satellite system to provide coverage in areas where terrestrial cellular networks are unavailable or limited.