AST SpaceMobile Q2 2026 slides: satellites launch despite earnings miss

AST SpaceMobile reported a revenue of $31.5 million for Q2 2026, falling short of the $35.18 million consensus estimate. Despite the earnings miss, the company highlighted significant operational milestones, including the successful launch of 13 satellites in orbit and a revenue backlog nearing $1.3 billion. The company's second-quarter results showed strong sequential growth, driven by commercial gateway deliveries and U.S. government service milestone achievements.

However, the adjusted operating expenses rose to $119.1 million from $91.2 million in Q1, while capital expenditures increased to $610.4 million from $256.8 million in the prior quarter. AST SpaceMobile's presentation emphasized its four critical business pillars: partnerships with over 60 mobile network operators, a comprehensive spectrum strategy, a revenue backlog of $1.30 billion, and the production of BlueBird satellites 17 through 46.

The company has also made substantial progress in deploying its global infrastructure, with nearly 50 gateways across five continents in various stages of completion, installation, and planning.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.