AST SpaceMobile second quarter earnings fall short of estimates

AST SpaceMobile Inc ( NASDAQ:ASTS ) reported a wider-than-expected adjusted loss and revenue below analyst estimates for the second quarter, while the company reaffirmed its full-year 2026 revenue guidance and continued to expand its satellite network.

The company reported an adjusted loss of $0.77 per share for the quarter ended June 30, compared with analyst estimates for a loss of about $0.26 to $0.32 per share.

Revenue rose to $31.5 million from about $15.8 million in the first quarter, but came in below expectations of roughly $35 million.

AST SpaceMobile attributed second-quarter revenue to gateway deliveries and milestones met under US government programs.

Total operating expenses were $329.1 million in the quarter, up $165 million from $164.1 million in the first quarter.

The increase included a $125.9 million loss on involuntary conversion, along with higher general and administrative costs, cost of revenues, engineering services costs, depreciation and amortization, and research and development costs.

Adjusted operating expenses increased to $119.1 million from $91.2 million in the first quarter.

Excluding adjusted cost of revenues, adjusted operating expenses were $95.9 million, compared with $79.8 million in the prior quarter.

AST SpaceMobile reaffirmed its full-year 2026 revenue guidance of $150 million to $200 million.

The company said it has signed partnerships with more than 60 mobile network operators globally, collectively covering more than 3 billion subscribers.

Its revenue backlog has increased to approximately $1.30 billion in aggregate contracted revenue with commercial partners and contract awards with the US government.

AST Sp...