AST SpaceMobile (NASDAQ:ASTS) Posts Quarterly Earnings Results, Misses Estimates By $0.43 EPS

Posted by Brenda Bartman on May 13th, 2026

AST SpaceMobile (NASDAQ:ASTS – Get Free Report) posted its earnings results on Monday. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.43), FiscalAI reports. AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 28.24%. The business had revenue of $14.74 million for the quarter, compared to analyst estimates of $39.01 million. During the same quarter in the prior year, the firm earned ($0.20) earnings per share. The company’s revenue for the quarter was up 1952.2% on a year-over-year basis.

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

AST says it has scaled manufacturing and vertical integration (95% BOM control) with over half a million sq ft of facilities, producing ASICs and phased arrays and targeting a production cadence of up to six fully assembled satellites per month.
The company demonstrated a peak downlink of 98.9 Mbps to unmodified smartphones and expects to nearly double peak speeds with Block 2/ASIC-enabled satellites plus on‑orbit AI spectrum management.
AST is executing a multi-provider launch plan (Blue Origin, SpaceX and others), is returning to the pad in mid‑June with a Falcon 9 for BlueBirds 8–10, and is targeting approximately 45 satellites in orbit by year‑end 2026.
Commercial and regulatory momentum includes FCC authorization for U.S. operations on premium low‑band with Verizon/AT&T/FirstNet, a partner ecosystem of ~60 MNOs covering >3 billion subscribers, and >$1.2 billion of contracted commercial commitments plus growing U.S. government awards.
Cash runway and growth come with heavy near‑term spend—Q2 capex is guided to $575M–$650M, adjusted operating expenses to $85M–$95M, and the company has raised capital via convertible notes (effective strike $116.30), introducing dilution and elevated cash burn risk.

AST SpaceMobile Price Performance

NASDAQ:ASTS traded up $0.90 during trading hours on Wednesday, hitting $73.86. 3,444,450 shares of the stock were exchanged, compared to its average volume of 15,878,588. The company has a current ratio of 16.35, a quick ratio of 16.27 and a debt-to-equity ratio of 0.92. AST SpaceMobile has a 52-week low of $22.47 and a 52-week high of $129.89. The company has a market cap of $28.22 billion, a P/E ratio of -41.43 and a beta of 2.60. The firm’s fifty day moving average price is $85.51 and its 200 day moving average price is $82.87.

AST SpaceMobile News Summary

Here are the key news stories impacting AST SpaceMobile this week:

Positive Sentiment: Management reaffirmed full-year 2026 revenue guidance of $150 million to $200 million, signaling the company still expects meaningful commercialization this year. Why AST SpaceMobile (ASTS) Is Up 20.6% After Reaffirming 2026 Outlook Despite Wider Q1 Loss
Positive Sentiment: The company said it is making progress on regulatory approvals, satellite deployment, and has more than $1.2 billion in contracted commitments, which supports the long-term bull case. Why AST SpaceMobile (ASTS) Is Up 20.6% After Reaffirming 2026 Outlook Despite Wider Q1 Loss
Neutral Sentiment: The company also emphasized accelerating manufacturing and strong vertical integration, which could help future execution but did not offset near-term disappointment. AST SpaceMobile Provides Business Update and First Quarter 2026 Results
Negative Sentiment: AST SpaceMobile posted a Q1 loss of $0.66 per share, much worse than the expected $0.23 loss, showing profitability remains distant. AST SpaceMobile shares fall after Q1 earnings miss on revenue, wider loss
Negative Sentiment: Revenue was only about $14.7 million versus expectations near $39 million, and higher operating costs plus launch-related expenses widened the loss. AST SpaceMobile shares drop on wider-than-expected first quarter loss

Analysts Set New Price Targets

A number of equities analysts have weighed in on ASTS shares. Barclays lifted their price objective on AST SpaceMobile from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Thursday, April 9th. B. Riley Financial lifted their price target on AST SpaceMobile from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a report on Friday, March 27th. Roth Mkm restated a “buy” rating and issued a $108.00 price objective on shares of AST SpaceMobile in a research report on Tuesday. Finally, Wall Street Zen cut shares of AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 15th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, AST SpaceMobile has a consensus rating of “Reduce” and a consensus price target of $83.83.

View Our Latest Stock Report on AST SpaceMobile

Insider Transactions at AST SpaceMobile

In other news, CTO Huiwen Yao sold 40,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $88.88, for a total value of $3,555,200.00. Following the transaction, the chief technology officer directly owned 4,750 shares of the company’s stock, valued at approximately $422,180. This trade represents a 89.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Hiroshi Mikitani sold 1,350,000 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $86.22, for a total transaction of $116,397,000.00. Following the completion of the sale, the insider owned 27,980,155 shares of the company’s stock, valued at approximately $2,412,448,964.10. The trade was a 4.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,080,000 shares of company stock valued at $274,452,000 over the last quarter. Company insiders own 20.89% of the company’s stock.

Hedge Funds Weigh In On AST SpaceMobile

A number of institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its stake in AST SpaceMobile by 46.7% during the fourth quarter. Invesco Ltd. now owns 312,616 shares of the company’s stock worth $22,705,000 after buying an additional 99,526 shares during the last quarter. Axxcess Wealth Management LLC purchased a new position in shares of AST SpaceMobile during the 4th quarter worth $1,050,000. Corient Private Wealth LLC boosted its position in shares of AST SpaceMobile by 392.5% during the 4th quarter. Corient Private Wealth LLC now owns 36,510 shares of the company’s stock valued at $2,652,000 after acquiring an additional 29,097 shares during the last quarter. Creek Drive Management Group LLC purchased a new stake in shares of AST SpaceMobile in the fourth quarter valued at about $6,362,000. Finally, Mercer Global Advisors Inc. ADV increased its position in AST SpaceMobile by 37.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,630 shares of the company’s stock worth $482,000 after purchasing an additional 1,819 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

AST SpaceMobile Company Profile

(Get Free Report)

AST SpaceMobile is a U.S.-based aerospace company developing a space-based cellular broadband network designed to connect standard mobile phones and other devices directly to satellites. The company’s core proposition is “space-to-cell” service: operating a constellation of low-Earth-orbit (LEO) satellites equipped with large, high-power phased-array antennas to provide wide-area mobile broadband without requiring users to buy specialized terminals or handset modifications.

AST SpaceMobile designs, builds and operates satellite payloads and supporting ground infrastructure.