AST SpaceMobile Q2 Earnings Call Highlights

Q2 revenue more than doubled sequentially to $31.5 million , driven by gateway deliveries and U.S. government contract milestones. AST reiterated its 2026 revenue guidance of $150 million to $200 million, though revenue is expected to be weighted toward the fourth quarter. AST is targeting approximately 45 BlueBird satellites in orbit by early 2027 and plans to reach a production rate of six fully assembled satellites per month. The company has 10 launches booked and expects to begin consumer-focused beta capabilities later in 2026. The company reported an approximately $1.3 billion backlog and highlighted expanding government opportunities, including more than $100 million in funded near-term awards and a potential Japanese project providing up to $1 billion in non-dilutive government capital. Cash, cash equivalents and restricted cash exceeded $3.7 billion pro forma after a $1.15 billion convertible-notes offering.

AST SpaceMobile reported second-quarter 2026 revenue of $31.5 million and reiterated its full-year revenue guidance of $150 million to $200 million, as the company continued to build satellites, deploy mobile-network infrastructure and pursue government applications for its space-based cellular broadband network. The company said quarterly revenue more than doubled from the first quarter, driven primarily by commercial gateway deliveries and milestone achievements under U.S. government contracts. President Scott Wisniewski said AST delivered against 13 gateways for seven customers across five continents during the quarter.

Management said it expects revenue to increase sequentially through 2026, though CFO and Chief Legal Officer Andy Johnson said results will likely be weighted toward the fourth quarter because of the timing of equipment sales, contract awards and government milestones.

Satellite deployment and manufacturing plans

Chairman and CEO Abel Avellan said BlueBird 14 through 16 were in final testing and nearing completion, while BlueBird 17 through 46 were in various stages of production and assembly. Johnson said BlueBird 14 through 16 were expected to be ready to ship shortly.

AST SpaceMobile is targeting approximately 45 BlueBird satellites in orbit by early 2027, which management said could enable continuous service across key markets including the U.S., Europe and Japan. The company also said it expects to begin consumer-focused beta capabilities later in 2026, though the timing and structure of any customer rollout will be determined with carrier partners. The company is aiming for a manufacturing cadence of six fully assembled satellites per month. Avellan said AST currently has more than 500,000 square feet of manufacturing and operations space globally and recently announced plans for an additional 400,000-square-foot facility in Midland, Texas. Once completed, the company expects its global manufacturing and operations footprint to exceed 1 million square feet, including more than 900,000 square feet in the U.S. Wisniewski said the company has 10 launches booked with two launch providers, excluding Blue Origin, and is targeting an average launch cadence of roughly every month or two. He said AST was not relying on Blue Origin in its current planning assumptions, despite the provider’s progress in addressing a prior launch anomaly. Johnson reiterated AST’s estimated average capital cost of $21 million to $23 million per satellite for a constellation of more...