Quarterly ResultAug 10, 2026, 04:43 PM
AST SpaceMobile Q2 Revenue $31.5M; Backlog $1.3B; 13 Satellites in Orbit
AI Summary
AST SpaceMobile reported Q2 2026 revenue of $31.5 million, consistent with its planned quarterly ramp. The company significantly increased its revenue backlog to approximately $1.30 billion, including new U.S. Government awards. Operationally, AST SpaceMobile launched six new spacecraft, bringing its total in-orbit constellation to 13, and is preparing for beta services in 2026. The company also fortified its balance sheet with over $3.7 billion in pro forma cash.
Key Highlights
- Q2 2026 revenue reached $31.5 million, consistent with quarterly ramp plans.
- Revenue backlog increased to approximately $1.30 billion from commercial partners and U.S. Government awards.
- Net loss attributable to common stockholders was $(230.9) million for Q2 2026.
- Launched six new spacecraft (BlueBirds 8-13) within 50 days, bringing total in-orbit constellation to 13.
- Signed partnerships with over 60 Mobile Network Operators (MNOs) covering over 3 billion subscribers globally.
- Received multiple U.S. Government awards totaling over $125 million for national-security applications.
- Fortified balance sheet with over $3.7 billion in pro forma cash, cash equivalents, and restricted cash as of June 30, 2026.
- Raised $1.150 billion in gross proceeds from a convertible senior notes offering in July 2026.
Price Impact
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