AST SpaceMobile earnings date
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AST SpaceMobile (ASTS) Q3 2026 Earnings Report
ASTS Q3 2026 EPS Results
- Actual EPS
- -$0.44
- Consensus EPS
- -$0.40
- Beat/Miss
- Missed by -$0.04
- One Year Ago EPS
- -$0.45
ASTS Q3 2026 Revenue Results
- Actual Revenue
- $42.32M
- Expected Revenue
- $45.73M
- Beat/Miss
- Missed by -$3.41M
- YoY Revenue Growth
- +187.14%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/09/2026
- Time
- After Close
- Conference Call
- Monday, November 9, 2026
AST SpaceMobile's next earnings date is estimated for March 26, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was strongly positive, with management highlighting progress toward commercial service, a 10x ASIC capability improvement, scaled satellite manufacturing, more than 100 satellites under launch agreements, major government and Japan funding awards, a strong cash position and the Blacklift launch vehicle initiative. The company also reiterated its 2026 revenue guidance with potential upside and maintained an approaching-$1 billion revenue opportunity following commercial service launch. The main challenges were higher operating expenses, substantial planned CapEx, launch-date and milestone timing dependencies, and financing and execution contingencies.
AST SpaceMobile expects nationwide intermittent service activation in the United States and other key markets before year-end 2026, with beta trials in early 2027 best with about 25 satellites; it targets a production rate of 6 ASIC satellites per month in December of this year, approximately 45 BlueBird satellites in orbit by the middle of 2027, and deployment of more than 100 BlueBirds between '27 and '28, with Blacklift launches planned for late 2028. Full year 2026 revenue guidance remains $150 million to $200 million with potential upside, while Q4 adjusted operating expenses, excluding adjusted cost of revenues, are expected to be approximately $130 million to $140 million and Q4 capital expenditures approximately $400 million to $500 million; average capital costs are estimated at approximately $21 million to $23 million per satellite for a constellation of over 90 BlueBird satellites, excluding certain initial satellites and corresponding launch, and several hundred million dollars of incremental CapEx is expected in 2027 for Blacklift. The company sees revenue approaching $1 billion in the 12 months following commercial service launch, expects over $100 million plus of gateway sales and definitely $100 million plus of government revenue in calendar year next year, and expects the majority of J-LEO proceeds during 2027.
- Q3 Revenue and Full-Year Guidance ReaffirmedThird-quarter revenue was $42.3 million, driven primarily by commercial gateway deliveries and U.S. government service milestones. Management reiterated full-year 2026 revenue guidance of $150 million to $200 million and cited potential upside depending on the timing of certain milestones and the J-LEO program.
- Strong Cash Position and Nondilutive FundingCash, cash equivalents and restricted cash totaled over $3.2 billion as of September 30, 2026, inclusive of gross proceeds from the $1.15 billion convertible notes offering. The company also secured approximately $1 billion in nondilutive J-LEO subsidies from Japan and cited an additional $1.2 billion of quasi-governmental nondilutive financing in the pipeline for 2027.
- Nationwide Intermittent Service TargetAST SpaceMobile remains on track to activate intermittent nationwide service in the United States and other key markets before year-end 2026. The initial rollout covers five markets: the United States, Canada, Japan, Saudi Arabia and the United Kingdom.
- Satellite-to-Cell-Tower Handover ValidatedWith AT&T, the company validated the first satellite beam handover between ground-based and space-based cellular broadband networks, enabling movement from a cell tower to a satellite using an unmodified phone.
- Expansion of Spectrum AccessThe company is combining shared mobile network operator spectrum with its controlled MSS spectrum on a market-by-market basis, targeting approximately 100 megahertz of spectrum access in the United States and more than 60 megahertz globally. It is also pursuing E-band phased-array capabilities for its satellite roadmap.
- ASIC Transition Delivers 10x Processing ImprovementThe transition to the next-generation ASIC was pulled forward from BlueBird 50 to BlueBird 34. The 7-nanometer ASIC is expected to provide a 10x improvement in processing bandwidth versus Block 1 BlueBirds, increasing processing from approximately 1 gigahertz to 10 gigabits of processing spectrum per spacecraft, according to management.
- Manufacturing Scale-UpProduction has advanced through BlueBird 51, with two Texas factories running full shifts. Management expects to reach a production rate of six ASIC satellites per month in December 2026 and said the facilities are being expanded for additional government opportunities.
- Satellite Deployment RoadmapBlueBirds 11, 12 and 13 have been successfully deployed and are operating in orbit. BlueBirds 14, 15 and 16 have shipped to Cape Canaveral, BlueBirds 17, 18 and 19 are expected to ship in November for an anticipated early-Q1 2027 Blue Origin launch, and BlueBirds 20 through 25 are scheduled to ship during December and January for expected DPAS-rated launches in Q1 2027. The company targets approximately 45 BlueBirds in orbit by mid-2027 and more than 100 deployed during 2027 through 2028 under current launch agreements.
- Expanded Launch Access and DPAS RatingLaunch agreements now cover more than 100 BlueBird satellites expected to be deployed between 2027 and 2028 by SpaceX, Blue Origin and other providers. AST SpaceMobile also secured a dual-use commercial and government DPAS rating, providing access to government-priority launches and supporting U.S. national-security missions.
- Blacklift Reusable Rocket ProgramThe company announced Blacklift, a purpose-built 20-ton reusable rocket designed to carry up to five BlueBird satellites to low Earth orbit, with initial launches planned for late 2028. Blacklift is intended to complement, rather than replace, existing SpaceX, Blue Origin and other launch agreements.
- Rocket Engine Development ProgressThe Miranda engine selected for Blacklift has completed more than 175 successful hot-fire tests totaling over 4,200 seconds, approximately the equivalent of 20 full first-stage flights, and completed a flight-like test at 110% performance of its 230,000-pound thrust rating. The engine architecture has more than a decade of development and flight heritage.
- Government Business ExpansionAST SpaceMobile was awarded an approximately $100 million U.S. Space Force contract for advanced space-based sensing capabilities and reported 16 U.S. government awards to date. Management said the sensing award is a step toward a potentially larger Airborne Moving Target Indication program.
- J-LEO Japan OpportunityThe J-LEO initiative with Rakuten provides approximately $1 billion in funding to support a mid-band constellation and in-country traffic in Japan. AST SpaceMobile will hold 49% of the joint venture, which will receive revenue from three targeted exclusive markets in Asia; remaining satellite capacity outside Japan will be available to global partners with a low single-digit net revenue share of the joint venture.
- Broad Commercial and Strategic EcosystemThe company reported more than 60 mobile network operator partners collectively representing approximately 3 billion subscribers globally. It also described active work with technology companies including Google and Meta, and identified opportunities in IoT, radar and space-based sensing, secured communications, federal emergency services, sovereign-funded networks, AI inference and physical AI.
- Commercial Revenue OpportunityManagement said the company continues to believe the revenue opportunity in the 12 months following commercial service launch is approaching $1 billion, with increasing confidence based on progress in government and international markets. Management also expects more than $100 million of gateway sales in calendar 2027 and at least $100 million of government revenue already supported by the executed pipeline.
- Lower Third-Quarter Capital Expenditures Versus GuidanceThird-quarter capital expenditures were approximately $310 million, compared with approximately $610 million in the second quarter, a decrease of about 49%. Q3 CapEx was below the previously provided $350 million to $425 million guidance, primarily because of timing shifts in launch payments.
- Convertible Financing CompletedIn July 2026, the company issued $1.15 billion aggregate principal amount of 1.625% convertible senior notes due in 2034. The associated capped-call hedge increased the effective conversion price to $149.20 per share.
- Satellite Cost-Reduction Potential from BlackliftThe company currently estimates average capital costs, including direct materials and launch costs, of $21 million to $23 million per satellite for a constellation of more than 90 BlueBirds, excluding certain initial satellites and launches. Management said the figure is expected to be much lower as Blacklift reaches scale and reduces launch costs.
ASTS Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 26, 2027 | 2026 (Q4) | -0.42- | -0.18 | ― | ― |
| Nov 09, 2026 | 2026 (Q3) | -0.40-0.44 | -0.45 | 2.22% (+0.01) | |
| Aug 10, 2026 | 2026 (Q2) | -0.32-0.77 | -0.41 | -87.80% (-0.36) | |
| May 11, 2026 | 2026 (Q1) | -0.26-0.51 | -0.2 | -156.50% (-0.31) | |
| Mar 02, 2026 | 2025 (Q4) | -0.17-0.18 | -0.18 | -0.56% (-0.00) | |
| Nov 10, 2025 | 2025 (Q3) | -0.21-0.45 | -1.1 | 59.09% (+0.65) | |
| Aug 11, 2025 | 2025 (Q2) | -0.19-0.41 | -0.51 | 19.61% (+0.10) | |
| May 12, 2025 | 2025 (Q1) | -0.19-0.20 | -0.16 | -25.00% (-0.04) | |
| Mar 03, 2025 | 2024 (Q4) | -0.19-0.18 | -0.35 | 48.57% (+0.17) | |
| Nov 14, 2024 | 2024 (Q3) | -0.20-1.10 | -0.23 | -378.26% (-0.87) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
