Earnings call transcript: AST SpaceMobile Q3 2026 misses estimates but stock rises

AST SpaceMobile reported a narrower third-quarter loss than expected, with an adjusted loss of $0.44 per share compared to the forecasted $0.40 per share. Despite missing both earnings and revenue estimates, the company's shares rose 14.1% after-hours, closing at $37.36. The company reaffirmed its full-year 2026 revenue guidance of $150 million to $200 million and highlighted progress in satellite deployment, government contracts, and its reusable rocket program.

AST SpaceMobile's strong cash position of $3.2 billion and high beta of 2.85 indicate its potential for aggressive expansion, but investors should consider its significant volatility. The company's focus on direct-to-device connectivity, sensing, and other space-based services positions it as a first mover in satellite cellular broadband, despite a highly competitive market.

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