Home›Earnings›Results›AST SpaceMobile shares drop after Q2 revenue miss and…

AST SpaceMobile shares drop after Q2 revenue miss and wider loss

Second-quarter revenue came in at $31.5 million versus the $35.18 million consensus, while the adjusted loss per share widened to $0.77 from an expected $0.26.

Wednesday, August 12, 2026 · Written up by our desk · Results

AST SpaceMobile (NASDAQ: ASTS) shares fell 2.8% to $66.82 in pre-market trading after the satellite communications company reported second-quarter 2026 results that missed Wall Street expectations for both revenue and adjusted earnings.

The company posted $31.5 million in second-quarter revenue, below the $35.18 million consensus forecast. Its adjusted loss per share was $0.77, significantly wider than the $0.26 loss analysts expected.

Results were also weighed by a $125.9 million loss tied to an involuntary conversion related to the BB7 launch incident, contributing to the larger-than-anticipated quarterly loss. The latest report follows five consecutive quarterly misses, keeping investor focus on execution and profitability.

Despite the weaker quarter, AST SpaceMobile maintained its full-year 2026 revenue forecast of $150 million to $200 million and reported pro forma liquidity of more than $3.7 billion as of June 30. The company also previously raised $1.15 billion in gross proceeds through an offering of new 1.625% convertible senior notes in July 2026.

Latest closeNasdaq Comp. 26,749.30 ▼0.7%

More like this

Sources