Earnings ·
AST SpaceMobile reported second quarter 2026 revenue of $31.5 million and a net loss attributable to common…
ASTSAST SpaceMobile, Inc.
AST SpaceMobile reported second quarter 2026 revenue of $31.5 million and a net loss attributable to common stockholders of $230.9 million. The company raised $1.15 billion in July 2026 through the issuance of convertible senior notes with an effective conversion price of $149.20 per share. Total operating expenses reached $329.1 million, driven by a $125.9 million loss on involuntary conversion and increased general and administrative costs. The firm maintains a revenue backlog of approximately $1.3 billion and received over $125 million in U.S. Government awards. AST SpaceMobile has 13 spacecraft in orbit and is targeting full-year 2026 revenue between $150 million and $200 million while preparing for beta services with mobile network operators. The company operates in the space-based cellular broadband industry, building a global satellite network to provide direct-to-device connectivity.