AST SpaceMobile Q2 Revenue Misses Estimates, Full-Year Outlook Unchanged

AST SpaceMobile announced its Q2 revenue at $31.5 million, falling short of the $34.5 million anticipated by analysts, yet it maintained its full-year forecast of $150 million to $200 million. The company's net loss increased to $230.9 million (77 cents per share), compared to $99.4 million (41 cents) the previous year. Operating expenses surged to $329.1 million, which included a $125.9 million loss due to involuntary conversion. With a revenue backlog of around $1.3 billion and over $125 million in cumulative government funding, the firm successfully launched six spacecraft in less than 50 days, bringing its total to 13 satellites in orbit. It aims to initiate beta-service with partners by the end of 2026. By June 30, 2026, AST SpaceMobile had approximately $2.7 billion in cash and raised $1.15 billion in July. Following these announcements, the stock dropped 3.7% in after-hours trading.