AST SpaceMobile (ASTS) 2026 second quarter earnings outlook: investors note

Key Points

Contents

Key Points

AST SpaceMobile's second quarter 2026 earnings report will be released after the close of business today.
Analysts expect adjusted loss per share to be between 28 and 32 cents, and revenue is expected to be approximately US$34.4 million to US$35 million.
Share prices fell 2.86% today and 2.42% year-to-date. However, it has still risen 56.66% in the past year.
The company successfully deployed Bluebird satellites 11, 12 and 13 in August 2026.
The Wall Street consensus favors "moderate buy" with a target price between US$80 and US$89, implying a potential increase of 12% to 25%.

AST SpaceMobile plans to announce its second quarter 2026 financial results after the end of today's trading session, and market expectations remain conservative. Financial analysts expect an adjusted loss per share of between 28 and 32 cents on revenue of approximately $34.4 million to $35 million.

AST SpaceMobile, Inc.，ASTS

This performance improved compared to the first quarter. At the time, the satellite communications company reported a loss of 66 cents per share and revenue of only $14.73 million, well below analysts 'expectations of $37.48 million. Management maintained a revenue forecast of US$150 million to US$200 million for the full year of 2026.

's current share price is US$71.94, down 2.86% during the day. The stock has retreated sharply from a 52-week high of $133.86, but remains well above its annual low of $36.08.

Historical performance suggests that achieving earnings exceeding expectations can be challenging. In the past eight reporting periods, the company has exceeded Wall Street expectations for adjusted earnings per share and revenue only once.

The stock price trend pattern after the release of the financial report is inconsistent. In the last four quarterly reports, ASTS shares rose after two announcements and fell after two others.

Bluebird satellite deployment becomes a priority

In addition to quarterly data, investors are mainly focused on the latest developments in commercial service deployment. The timetable for the launch of commercial services remains a key catalyst.

SpaceMobile successfully put Bluebird satellites 11, 12 and 13 into orbit in early August 2026. Manufacturing capabilities have been advanced to satellite unit 42, indicating that production progress has accelerated and exceeded previous expectations.

Wall Street analysts said that just 20 functioning satellites are needed to start pilot commercial operations in North America. Management's comments on specific timetables will likely affect investor sentiment.

European market integration testing has been significantly expanded and the scope of cooperation now covers major mobile operators in eight European countries.

Market demand uncertainty still exists

Demand considerations create complexity. A Wall Street analyst pointed out that during the peak summer months, T-Mobile's direct-connected device satellite traffic accounted for only 0.0003% of its total network usage, raising questions about the actual consumer needs of satellite connections in areas with strong terrestrial network infrastructure.

These developments highlight the importance of today's earnings discussions. Market participants are looking for evidence that early adoption of indicators can test a company's expansion theory.

Wall Street Analysts 'Views

Analyst comments have tended to be positive recently. B.Riley analyst Mike Crawford upgraded his rating to buy from neutral in July. Piper Sandler covered it for the first time, giving it an "overweight" rating and setting a $100 target price.

Of the 13 analysts tracking the stock, 4 give buy ratings, 7 recommend hold, and 2 maintain sell recommendations.

The average price target is US$80.48, indicating approximately 12% upside potential from current levels. Another three-month consensus calculated an average price target of $88.87, pointing to about 25% of potential upside.

The company has a market capitalisation of US$27.92 billion and a forward P/E ratio of minus 44. Its valuation relies entirely on expected future revenue.

Pre-market trading before the release of the earnings report was extremely calm, with only 2.59 million shares traded, while the average daily trading volume for three months was 20.44 million shares.