Luke Juricic
2 min read
Investing.com — Ast Spacemobile Inc (NASDAQ:ASTS) reported third quarter results that fell short of analyst expectations, with adjusted EPS of -$0.44 compared to the consensus estimate of -$0.40. Revenue reached $42.3 million, missing the analyst estimate of $47.9 million. The company’s revenue was driven by gateway deliveries and U.S. government milestones.
Despite the earnings miss, the company announced several business developments, including plans for nationwide intermittent service activation in the United States and other key markets before year-end 2026. AST SpaceMobile also unveiled Blacklift, its proprietary 20-ton reusable rocket designed to deploy BlueBird satellites into low Earth orbit starting in late 2028. The company secured $1.0 billion in non-dilutive funding from the Japan Ministry of Internal Affairs and Communications for manufacturing and launching midband satellites.
Shares rose 0.9% in after-hours trading Monday following the announcement.
“We advanced several important initiatives to support the global expansion of our space-based cellular broadband network and expect to work with all major mobile network operators in the United States and Europe, providing potential expansion of our commercial ecosystem of over 60 mobile network operators representing over 3 billion subscribers,” said Abel Avellan, Chairman and Chief Executive Officer.
The company maintained its full-year revenue guidance of $150 million to $200 million, with the midpoint of $175 million higher than analyst expectations of $167.24. AST SpaceMobile reported cash, cash equivalents, and restricted cash of approximately $3.2 billion as of September 30, 2026.
Total operating expenses for the third quarter were $211.0 million, down from $329.1 million in the second quarter, primarily due to a $125.9 million loss on involuntary conversion recorded in the prior quarter. Adjusted operating expenses increased to $133.6 million from $119.1 million in the second quarter.
The company expects to achieve a production rate of six ASIC satellites per month in December and is targeting approximately 45 BlueBird satellites in orbit by mid-2027.
Original Article
AST SpaceMobile misses estimates but shares edge higher
