ASTS shares surged despite Q1 revenue missing estimates by 60%, as investors focus on satellite launches and 2027 revenue targets.
AST SpaceMobile reported Q1 2026 revenue of $14.74 million, missing consensus estimates by 59.72%. The company reaffirmed its full-year revenue guidance of $150 million to $200 million and announced plans to launch three additional satellites in mid-June, aiming for 45 satellites in orbit by year-end 2026.
The company holds nearly $1.2 billion in contracted commitments, including a $175 million prepayment from stc Group, and over 3,900 patent claims. Management projected 2027 revenue approaching $1 billion, driving investor optimism despite the quarterly miss.
ASTS stock surged 27.02% over the past week, recovering from the earnings disappointment as markets refocused on its commercial satellite service and manufacturing scale-up.