Earnings
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.
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. 27,193.34 ▼1.2%