AST SpaceMobile reports a wider-than-expected Q1 loss but reaffirms $100 million 2026 revenue target amid satellite launch plans.
AST SpaceMobile (ASTS) posted a first-quarter adjusted loss of 66 cents per share, missing analyst estimates as revenue also fell short. The company attributed the shortfall to ongoing satellite deployment costs but maintained its 2026 sales guidance of $100 million, citing progress in orbital launches.
Consensus estimates had projected a narrower loss for the quarter, with revenue expectations also unmet. The company’s 2026 guidance remains unchanged from prior forecasts, though investors appeared skeptical, driving ASTS shares lower in Tuesday trading.
ASTS stock declined following the earnings release, underperforming broader market gains driven by falling oil prices and strong corporate results elsewhere.