AST SpaceMobile Inc
NASDAQ:ASTS

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AST SpaceMobile Inc
NASDAQ:ASTS
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Price: 87.32 USD -1.57% Market Closed
Market Cap: $33.9B

AST SpaceMobile Inc
Investor Relations

AST SpaceMobile is building a satellite network that can connect ordinary smartphones directly to space-based cell service, without needing a special phone or extra device. Its main product is satellite capacity that mobile carriers can use to extend coverage into remote areas, over oceans, and in places where towers do not reach. The company sells access to this network mainly to wireless carriers and telecom partners, not directly to most end users. It aims to make money through long-term commercial agreements, service fees, and capacity sales tied to those carrier relationships. In simple terms, AST SpaceMobile is trying to become a wholesale layer of cellular coverage that sits above the traditional tower network. What makes its business different is that it is not trying to replace phone companies or build a consumer satellite phone brand. Instead, it works with existing mobile operators so they can offer broader coverage under their own brands. That gives AST SpaceMobile a unique role in the telecom value chain: it is a satellite infrastructure company focused on making standard mobile networks reach places that are hard or impossible to cover with towers alone.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 11, 2026
AI Summary
Q1 2026

Revenue: AST SpaceMobile reported first-quarter revenue of $14.7 million, which management said was in line with internal plans and was driven mainly by U.S. government milestones and commercial gateway deliveries.

2026 Outlook: The company reiterated full-year 2026 revenue guidance of $150 million to $200 million and said revenue should build sequentially through the year, with a larger step-up expected in 2027.

Launch Plan: Management said it has contracted launch capacity for 2026 and is targeting about 45 BlueBird satellites in orbit by year-end, with the next New Glenn launch expected to carry 4 satellites.

Technical Progress: AST said it recently achieved a peak downlink speed of 98.9 megabits per second on an in-orbit BlueBird satellite and expects newer satellites to nearly double that performance.

Capital Position: The company ended the quarter with about $3.5 billion of cash and said it does not plan to issue additional convertible debt in 2026.

Government Momentum: Management highlighted strong U.S. government demand, new awards, and growing activity around Golden Dome, Halo Europa, and other defense programs as an important revenue driver.

Key Financials
Revenue
$14.7 million
Adjusted operating expenses excluding adjusted cost of revenues
$79.8 million
Adjusted operating expenses
$91.2 million
Capital expenditures
$257 million
Cash, cash equivalents and restricted cash
$3.5 billion
Contracted revenue commitment
Over $1.2 billion
Global MNO partners
Nearly 60
Subscribers covered by partners
Over 3 billion
Manufacturing and operations space
Over 0.5 million square feet
Patent portfolio
Approximately 3,900 patents and patent-pending claims
Target satellites in orbit by end of 2026
Approximately 45
Launch capacity per New Glenn
4 satellites
Peak downlink speed
98.9 megabits per second
Peak data speed expectation
Closer to 200 megabits per second
Bandwidth per satellite with ASIC
10 gigahertz
Average capital cost per Block 2 BlueBird satellite
$21 million to $23 million
Full-year 2026 revenue guidance
$150 million to $200 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Abel Avellan
Founder, Chairman & CEO
No Bio Available
Mr. Scott Wisniewski
President & Chief Strategy Officer
No Bio Available
Mr. Andrew Martin Johnson
EVP, CFO & Chief Legal Officer
No Bio Available
Mr. Shanti B. Gupta
EVP & COO
No Bio Available
Ms. Maya Bernal
Senior Director & Chief Accounting Officer
No Bio Available
Dr. Huiwen Yao
EVP & CTO
No Bio Available
Mr. Christopher Ivory
Chief Commercial Officer
No Bio Available
Dr. Raymond J. Sedwick
Chief Scientist of Space Systems
No Bio Available
Mr. Sriram Jayasimha
Chief Scientist of Commercial Applications
No Bio Available
Mr. Stephen Gibson
Managing Director of UK
No Bio Available

Contacts

Address
TEXAS
Midland
Midland Intl. Air & Space Port, 2901 Enterprise Lane
Contacts
+14322763966.0
ast-science.com
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