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ASTSAST SpaceMobile, Inc.Nasdaq

AST SpaceMobile Reports Q1 2026 Results and Business Update

8-KEarningsneutralImpact75

ASTS Price

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AST SpaceMobile reported Q1 2026 results, reaffirming full-year revenue guidance and detailing significant progress in satellite deployment and regulatory approvals

Earnings Snapshot

Q1 2026 Revenue
$14.7 millionConsistent with plans for quarterly revenue ramp
Q1 2026 Operating Expenses
$164.1 millionIncludes depreciation and stock-based compensation
Q1 2026 Net Loss
$(249.6) million
Cash & Equivalents (Mar 31, 2026)
$3.5 billionIncludes restricted cash

AST SpaceMobile announced its first quarter 2026 financial results, reporting $14.7 million in revenue and a net loss of $249.6 million. The company reaffirmed its full-year 2026 revenue guidance of $150.0 million to $200.0 million, primarily driven by mobile network partners and U.S. Government contracts. Operationally, AST SpaceMobile is on track to launch BlueBird 8, 9, and 10 in mid-June, targeting approximately 45 satellites in orbit by year-end 2026, and achieved a new record of 98.9 Mbps peak data speeds. The FCC also authorized commercial SpaceMobile Service in the United States, marking a key regulatory milestone

Score75

Score Rationale

neutral

Operational milestones and maintained revenue targets outweigh the reported net loss, indicating progress in a capital-intensive business.

Performance & Outlook

Total Revenues

Up 1952% YoY
Q1 2025
$0.7 million
Q1 2026
$14.7 million
Full Year 2026 Revenue Guidance$150.0M - $200.0MPrimarily from mobile network partners and U.S. Government

Total Operating Expenses

Up 158% YoY
Q1 2025
$63.7 million
Q1 2026
$164.1 million

Net Loss

Loss widened 292% YoY
Q1 2025
$(63.6) million
Q1 2026
$(249.6) million

Key Business Updates

  1. Network Deployment45 satellites

    Targeting approximately 45 BlueBird satellites in orbit during 2026, with BlueBird 8, 9, and 10 launching in mid-June.

  2. Data Speed Record98.9 Mbps

    Achieved 98.9 Mbps peak data speeds from an in-orbit Block 1 BlueBird satellite to an unmodified smartphone.

  3. Regulatory ApprovalFCC Authorization

    FCC authorized commercial SpaceMobile Service in the U.S. for direct-to-device broadband connectivity.

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ASTS Market Context

SectorCommunication Services
IndustryTelecom & Connectivity
Market Cap$29.83B
Shares Outstanding298.75M
Public Float266.02M
Public Float %89.0%
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Original Filing Text

SEC filing text preserved from the raw item store.

false000178031200017803122026-05-112026-05-11

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 11, 2026

 

 

AST SpaceMobile, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

001-39040

84-2027232

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

Midland Intl. Air & Space Port

2901 Enterprise Lane

 

Midland, Texas

 

79706

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (432) 276-3966

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Class A common stock, par value $0.0001 per share

 

ASTS

 

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


Item 2.02. Results of Operations and Financial Condition.

On May 11, 2026, AST SpaceMobile, Inc. (“AST SpaceMobile” or the “Company”) issued a press release announcing financial results for the three months ended March 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1.

The information included in this Item 2.02 and in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (“Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.

 

Item 7.01. Regulation FD Disclosure.

AST SpaceMobile is also furnishing a First Quarter 2026 Business Update, dated May 11, 2026 (the “Presentation”), attached as Exhibit 99.2 to this Current Report on Form 8-K, which may be referred to on the Company’s first quarter 2026 conference call to be held on May 11, 2026. The Presentation will also be available on the Company’s website at www.ast-science.com.

 

The information included in this Item 7.01 and in Exhibit 99.2 shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.

Exhibit No.

Description

99.1

Press Release dated May 11, 2026

99.2

First Quarter 2026 Business Update

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

AST SpaceMobile, Inc.

 

 

 

 

Date:

May 11, 2026

By:

/s/ Andrew M. Johnson

 

 

 

Name: Andrew M. Johnson
Title: Executive Vice President, Chief Financial Officer and Chief Legal Officer