Quarterly ResultMay 11, 2026, 04:43 PM
AST SpaceMobile Q1 Revenue $14.7M; Targets 45 Satellites in Orbit 2026
AI Summary
AST SpaceMobile announced its first quarter 2026 financial results and provided a comprehensive business update. The company is targeting approximately 45 BlueBird satellites in orbit during 2026, with BlueBird 8, 9, and 10 scheduled for a mid-June launch. Key achievements include 98.9 Mbps peak data speeds from an in-orbit satellite and FCC authorization for commercial SpaceMobile Service in the United States. The company reported Q1 revenue of $14.7 million and reaffirmed its full-year 2026 revenue guidance of $150.0 million to $200.0 million.
Key Highlights
- Targets approximately 45 BlueBird satellites in orbit during 2026.
- BlueBird 8, 9, and 10 on track for orbital launch in mid-June.
- Achieved 98.9 Mbps peak data speeds from in-orbit Block 1 BlueBird satellite.
- FCC authorized commercial SpaceMobile Service in the United States.
- Q1 2026 revenue was $14.7 million.
- Full-year 2026 revenue guidance is $150.0 million to $200.0 million.
- Robust balance sheet with $3.5 billion in cash as of March 31, 2026.
- BlueBird 11 through BlueBird 33 in advanced production stages.