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AST SpaceMobile posts Q2 loss as revenue misses estimates
Capital expenditures more than doubled, rising from nearly $257 million to over $610 million in Q2, while management reaffirmed 2026 revenue guidance of $150 million to $200 million.
AST SpaceMobile reported Q2 results that missed on both earnings and revenue, extending a pattern of underperformance as the company continues to scale its direct-to-device satellite network. The company posted Q2 earnings per share of -77 cents versus an analyst consensus of -32 cents, while quarterly revenue came in at $31.52 million compared with the $34.98 million forecast, according to MarketBeat Ratings.
The report also highlighted a sharp cost escalation tied to network buildout. AST SpaceMobile said capital expenditures surged from nearly $257 million to more than $610 million, and adjusted operating expenses rose to over $119 million, up from $51.7 million a year earlier, while engineering services costs increased to $87.28 million from $28.59 million.
Management forecast higher third-quarter spending, with Q3 adjusted operating expenses, excluding adjusted cost of revenues, expected to rise to a range of $105 million to $115 million. Even with the misses, AST SpaceMobile reaffirmed it expects to achieve full-year 2026 revenue guidance of $150 million to $200 million, pointing to the execution needs of satellite launches, gateway deliveries, and contract milestones.