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

AST SpaceMobile (NASDAQ:ASTS) released its quarterly earnings data on Monday. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.03), FiscalAI reports. AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 22.88%. The business had revenue of $42.32 million during the quarter, compared to the consensus estimate of $45.73 million. During the same period last year, the company posted ($0.45) earnings per share. The business’s revenue was up 187.9% compared to the same quarter last year.

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 Price Performance

Shares of NASDAQ:ASTS opened at $36.89 on Tuesday. The company has a quick ratio of 12.90, a current ratio of 13.05 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $14.36 billion, a PE ratio of -17.24 and a beta of 2.88. The firm’s 50 day moving average price is $51.74 and its 200-day moving average price is $75.68. AST SpaceMobile has a twelve month low of $27.58 and a twelve month high of $133.86.

Trending Headlines about AST SpaceMobile

Here are the key news stories impacting AST SpaceMobile this week:

• Positive Sentiment: AST and Rakuten are forming Rakuten AST to build a direct-to-device satellite network in Japan. Reports cite roughly $1 billion in expected government support, giving AST a potentially significant commercial opportunity and a government-backed partner. Article: Rakuten and AST SpaceMobile Establish Rakuten AST
• Positive Sentiment: AST maintained its 2026 revenue forecast of $150 million to $200 million, with potential upside from recent contracts. Third-quarter revenue rose 187.9% year over year, underscoring rapid growth despite the quarterly shortfall. Article: ASTS Stock Retreats on Q3 Sales Miss
• Neutral Sentiment: AST reported Q3 revenue of $42.3 million, below the $45.7 million analyst estimate, and a loss of $0.44 per share versus the expected $0.41 loss. The growing revenue base and maintained outlook are supportive, but the misses highlight execution and spending risks. Article: AST SpaceMobile Reports Q3 Loss, Misses Revenue Estimates
• Negative Sentiment: Several law firms publicized a securities class action alleging misleading statements about AST’s capital position and competitive lead; the lead-plaintiff deadline is November 13. The allegations are not established findings, but the litigation adds reputational and legal uncertainty. Article: Kaplan Fox Deadline Alert
• Negative Sentiment: Analyst actions also point to caution: UBS lowered its price target, while Scotiabank moved to a Sell rating, citing concerns that could weigh on sentiment. Article: Levi & Korsinsky Reminds AST SpaceMobile Investors

Wall Street Analyst Weigh In

A number of analysts have commented on ASTS shares. UBS Group started coverage on AST SpaceMobile in a report on Wednesday, September 2nd. They issued a “buy” rating for the company. Royal Bank Of Canada lowered AST SpaceMobile to a “sector perform” rating in a research report on Friday, October 2nd. B. Riley Financial downgraded shares of AST SpaceMobile from a “buy” rating to a “neutral” rating and dropped their price target for the company from $85.00 to $65.00 in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of AST SpaceMobile from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Monday, October 12th. Finally, Bank of America reiterated a “neutral” rating on shares of AST SpaceMobile in a research note on Tuesday. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $80.67.

Insider Activity at AST SpaceMobile

In other AST SpaceMobile news, Director Adriana Cisneros bought 10,822 shares of AST SpaceMobile stock in a transaction on Monday, August 31st. The stock was acquired at an average cost of $57.22 per share, with a total value of $619,234.84. Following the completion of the acquisition, 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. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Huiwen Yao sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $58.93, for a total transaction of $2,357,200.00. Following the sale, the chief technology officer directly owned 34,750 shares of the company’s stock, valued at approximately $2,047,817.50. This represents a 53.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.89% of the stock is currently owned by company insiders.

AST SpaceMobile Company Profile

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.