AST SpaceMobile (NASDAQ:ASTS) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

AST SpaceMobile (NASDAQ:ASTS) posted its quarterly earnings data on Monday. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.03), FiscalAI reports. The firm had revenue of $42.32 million for the quarter, compared to analyst estimates of $45.73 million. AST SpaceMobile had a negative return on equity of 22.00% and a negative net margin of 439.71%. The firm’s quarterly revenue was up 187.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.45) earnings per share.

Here are the key takeaways from AST SpaceMobile’s conference call:

• AST SpaceMobile said it remains on track to begin intermittent nationwide service in the U.S. and other key markets before year-end 2026, starting with partners in the U.S., Canada, Japan, Saudi Arabia, and the U.K. It also reported validating a satellite-to-ground beam handover with AT&T; broader user beta trials are expected in early 2027.
• The company is targeting production of six ASIC-enabled satellites per month by December and about 45 satellites in orbit by mid-2027. Management said the new ASIC offers 10 times the processing bandwidth of its first-generation satellites, though deployment and production targets remain subject to execution and launch schedules.
• AST reported $42.3 million in Q3 revenue and reiterated its $150 million–$200 million full-year 2026 revenue guidance, citing potential upside from contract milestones and the Japan program. It ended September with more than $3.2 billion in cash, equivalents, and restricted cash, and said Japan’s J-LEO initiative provides about $1 billion in non-dilutive funding.
• Spending is set to rise: Q4 adjusted operating expenses, excluding adjusted cost of revenue, are forecast at $130 million–$140 million, with capital expenditures of $400 million–$500 million. Management also expects several hundred million dollars of incremental Blacklift-related CapEx in 2027.
• The company said external launch agreements cover more than 100 satellites for deployment in 2027–2028, while its own Blacklift rocket is targeted to begin launches in late 2028. Management sees Blacklift as a way to improve launch access and long-term economics, but its development adds execution risk and does not replace near-term reliance on external launch providers.

AST SpaceMobile Stock Performance

Shares of NASDAQ ASTS opened at $36.62 on Thursday. The stock has a 50 day moving average price of $50.85 and a 200 day moving average price of $74.88. AST SpaceMobile has a 52 week low of $27.58 and a 52 week high of $133.86. The company has a debt-to-equity ratio of 1.89, a quick ratio of 12.90 and a current ratio of 13.65. The stock has a market capitalization of $14.25 billion, a PE ratio of -17.19 and a beta of 2.88.

Key Headlines Impacting AST SpaceMobile

Investors following ASTS have been watching these headlines:

• Positive Sentiment: AST SpaceMobile reiterated its 2026 revenue outlook of $150 million to $200 million and is targeting satellite broadband service before year-end. It plans to ramp BlueBird production and reach 45 satellites in orbit by mid-2027, which could advance its path toward commercial coverage. ASTS Q3 Earnings Call Highlights Service Rollout and Launch Plans
• Neutral Sentiment: Some analysts see potential upside, but views diverge: UBS cut its price target to $43 from $78 and retained a Neutral rating, citing execution and launch concerns. Is UBS Wrong to Give Up on AST SpaceMobile? Wall Street Still Sees $68
• Negative Sentiment: Q3 results missed expectations: AST reported a $0.44-per-share loss versus a $0.41 expected loss, while revenue of $42.3 million was below forecasts despite growing nearly 188% year over year. Rising spending on satellites and the proposed Blacklift rocket heightens concerns about cash burn and execution. AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Berenberg Bank initiated coverage on AST SpaceMobile in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $92.00 target price on the stock. UBS Group reduced their price target on AST SpaceMobile from $78.00 to $43.00 and set a “neutral” rating for the company in a research report on Tuesday. Scotiabank upgraded shares of AST SpaceMobile from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $50.80 to $55.70 in a report on Friday, October 23rd. Royal Bank Of Canada lowered shares of AST SpaceMobile to a “sector perform” rating in a research report on Friday, October 2nd. Finally, Piper Sandler cut shares of AST SpaceMobile from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $98.00 to $54.00 in a report on Tuesday, October 13th. Six investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $75.47.

Insider Buying and Selling at AST SpaceMobile

In other AST SpaceMobile news, COO Shanti Gupta sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $58.89, for a total transaction of $706,680.00. Following the transaction, the chief operating officer owned 462,980 shares of the company’s stock, valued at $27,264,892.20. The trade was a 2.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Adriana Cisneros acquired 10,822 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were bought at an average price of $57.22 per share, for a total transaction of $619,234.84. Following the purchase, the director owned 797,023 shares in the company, valued at approximately $45,605,656.06. This represents a 1.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 20.89% of the company’s stock.

About AST SpaceMobile

AST SpaceMobile, Inc. develops a space-based cellular broadband network designed to connect directly with standard mobile phones, without requiring users to purchase specialized satellite devices. Its planned services include voice calls, text messaging and mobile broadband, delivered through partnerships with mobile network operators and integrated with their existing networks. The company is developing and deploying its BlueBird satellite system to provide coverage in areas where terrestrial cellular networks are unavailable or limited.