AST SpaceMobile (NASDAQ:ASTS) Posts Earnings Results, Misses Expectations By $0.45 EPS

Key Points

• AST SpaceMobile missed quarterly expectations: It reported an adjusted loss of $0.77 per share versus the expected $0.32 loss, while revenue of $31.52 million fell short of the $34.98 million forecast.
• The company issued fiscal 2026 revenue guidance of $150 million to $200 million, broadly in line with consensus, and highlighted satellite deployments and mobile-operator testing supporting its direct-to-smartphone rollout.
• Shares fell 4.4% to $68.76 following the results. Analysts maintain a consensus “Hold” rating with an average price target of $87.60, while recent insider activity included substantial stock sales by the CFO and CTO.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) announced its quarterly earnings data on Monday. The company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.32) by ($0.45), FiscalAI reports. AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The business had revenue of $31.52 million during the quarter, compared to analysts' expectations of $34.98 million.

AST SpaceMobile Trading Down 4.4%

ASTS traded down $3.18 during midday trading on Monday, reaching $68.76. 14,265,232 shares of the company's stock traded hands, compared to its average volume of 18,129,148. AST SpaceMobile has a 52 week low of $36.08 and a 52 week high of $133.86. The company has a debt-to-equity ratio of 1.11, a current ratio of 18.47 and a quick ratio of 18.37. The firm has a fifty day moving average of $75.96 and a two-hundred day moving average of $86.00. The stock has a market capitalization of $26.69 billion, a price-to-earnings ratio of -38.63 and a beta of 2.76.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of AST SpaceMobile from a "buy" rating to a "hold" rating and lowered their price target for the stock from $117.00 to $106.00 in a research note on Friday, May 29th. Weiss Ratings reiterated a "sell (d-)" rating on shares of AST SpaceMobile in a report on Wednesday, June 24th. Piper Sandler started coverage on AST SpaceMobile in a research note on Wednesday, July 15th. They issued an "overweight" rating and a $100.00 target price for the company. UBS Group dropped their target price on AST SpaceMobile from $85.00 to $80.00 and set a "neutral" rating for the company in a report on Tuesday, May 12th. Finally, Scotiabank upgraded AST SpaceMobile from a "sector underperform" rating to a "sector perform" rating and set a $50.80 price target on the stock in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $87.60.

Key Stories Impacting AST SpaceMobile

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

• Positive Sentiment: AST SpaceMobile issued fiscal 2026 revenue guidance of $150 million to $200 million, a range that brackets consensus of $167.8 million and implies a midpoint modestly above expectations. AST SpaceMobile Provides Business Update and Second Quarter 2026 Results
• Positive Sentiment: The company highlighted continued expansion of its space-based cellular network, including the successful deployment of BlueBird 11, 12 and 13 satellites and integration testing with major European mobile operators. These developments support the long-term commercial rollout of direct-to-smartphone connectivity. Can ASTS' Satellite Connectivity Rollout Across Europe Lift Shares?
• Neutral Sentiment: AST SpaceMobile’s technology platform, mobile-operator partnerships and intellectual-property portfolio remain central to its investment case, but the company is still in a heavy investment phase ahead of broader service deployment. AST SpaceMobile Provides Business Update and Second Quarter 2026 Results
• Negative Sentiment: Second-quarter results fell short of expectations: AST SpaceMobile reported an adjusted loss of $0.77 per share versus consensus for a $0.32 loss, while revenue of $31.52 million missed the $34.98 million estimate. The company also reported a deeply negative net margin, reinforcing concerns about near-term profitability and execution risk. AST SpaceMobile Quarterly Results

Insider Activity

In other AST SpaceMobile news, CFO Andrew Martin Johnson sold 45,809 shares of the business's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $93.81, for a total transaction of $4,297,342.29. Following the transaction, the chief financial officer directly owned 503,619 shares of the company's stock, valued at approximately $47,244,498.39. The trade was a 8.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Huiwen Yao sold 40,000 shares of the business's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $96.37, for a total transaction of $3,854,800.00. Following the transaction, the chief technology officer directly owned 34,750 shares in the company, valued at approximately $3,348,857.50. The trade was a 53.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 105,809 shares of company stock valued at $9,748,492. Company insiders own 20.89% of the company's stock.

Institutional Investors Weigh In On AST SpaceMobile

A number of large investors have recently modified their holdings of the stock. Invesco Ltd. raised its stake in AST SpaceMobile by 46.7% in 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 in the last quarter. Axxcess Wealth Management LLC purchased a new stake in AST SpaceMobile in the fourth quarter worth about $1,050,000. Corient Private Wealth LLC boosted its position in 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 in the last quarter. Creek Drive Management Group LLC bought a new stake in AST SpaceMobile during the 4th quarter valued at approximately $6,362,000. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of AST SpaceMobile by 37.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,630 shares of the company's stock worth $482,000 after acquiring an additional 1,819 shares during the period. Institutional investors own 60.95% of the company's stock.

AST SpaceMobile Company Profile

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.

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