Shares in satellite telco company AST SpaceMobile (ASTS) are down roughly 13% to about $73 per share over the past three months. This comes as the company prepares to release its Q2 2026 earnings today, August 10, after the market closes. Its net losses worsened by 318% from a year ago to $191 million in Q1 2026. Operating expenses also climbed by about 20% quarter-over-quarter to $79.8 million, driven by workforce growth. On Wall Street, analysts remain split on the stock. Notably, Clear Street (CLRS) says to buy the stock ahead of the earnings and before the company’s “launch bottleneck improves.”
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Explore ASTX for 2X leverage on ASTSWhat Do Analysts Expect from AST’s Q2
For context, AST is a satellite-based cellular broadband network builder. It aims to deliver this kind of coverage to ordinary smartphones. It is racing to achieve this in the U.S., Europe, and Japan.
Across Wall Street, analysts expect AST to report year-over-year revenue growth of 2,916%. In other words, they see its revenue growing to $34.98 million.
What’s more, they also anticipate narrower losses during the quarter. Wall Street has forecast an adjusted loss per share of $0.32 for the quarter. This represents a 22% drop from $0.41 a year ago.
Why Wall Street Is Split on ASTS Stock
Recently, Clear Street analyst Gregory Pendy reaffirmed his Buy rating on AST shares. He also kept his price target of $115, predicting about 60% upside.
Pendy contended that the sharp drop in AST stock was due to third-party launch-vehicle disruption, not a fall in demand for its direct-to-device (D2D) service or client contracts. AST’s Bluebird 7 satellite launch on Blue Origin’s New Glenn rocket failed in May.
The analyst believes that more mobile network operators will “lean more aggressively” into AST’s D2D solution as industry competition continues to increase.
Interestingly, Scotiabank analyst Andres Coello recently upgraded AST from Sell to Hold. He lifted his price target from $41.2 to $50.8. However, the new target still implies more than 29% upside.
Following a selloff since early January, Coello believes investors have “fairly priced in” opportunities and risks into AST’s current share price.
Is AST a Good Stock to Buy?
On Wall Street, analysts consider AST SpaceMobile’s shares a Moderate Buy based on their consensus rating. This breaks down into four Buys, five Holds, and one Sell issued by 10 analysts over the past three months.
However, the average ASTS price target of $88.87 suggests about 24% upside ahead (see ASTS stock forecast here).
