| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 14.74 | 1947.2% |
| Total Income | 14.74 | 1947.2% |
| Expenditure | 204.58 | 342.2% |
| PBT | -248.41 | 291.4% |
| Net Profit | -191.01 | 317.9% |
| OPM | — | |
| NPM | — | |
| EPS | — |
AST SpaceMobile Reports Q1 2026 Results and Business Update
12 May 2026 · 12 May, 2:12 am
Summary
AST SpaceMobile reported its business update and results for the first quarter ended March 31, 2026. The company is targeting approximately 45 BlueBird satellites in orbit during 2026 and achieved 98.9 Mbps peak data speeds. They are on track to achieve full year 2026 revenue guidance of $150.0 million to $200.0 million. The FCC authorized commercial SpaceMobile Service in the United States. As of March 31, 2026, the company had approximately $3.5 billion in cash, cash equivalents, and restricted cash.
Key Highlights
- 1
AST SpaceMobile is targeting approximately 45 BlueBird satellites in orbit during 2026, supported by manufacturing cadence and agreements with multiple launch providers.
- 2
The company achieved a new record with 98.9 Mbps peak data speeds from an in-orbit Block 1 BlueBird satellite directly to an unmodified smartphone over international waters.
- 3
AST SpaceMobile is on track to achieve full year 2026 revenue guidance of $150.0 million to $200.0 million, primarily driven by mobile network partners and the U.S. Government.
- 4
The FCC granted Supplemental Coverage from Space, authorizing commercial SpaceMobile Service in the United States for direct-to-device broadband connectivity.
- 5
The company has a robust balance sheet with approximately $3.5 billion in cash, cash equivalents, and restricted cash as of March 31, 2026.
- 6
First quarter revenue was $14.7 million, consistent with plans for quarterly revenue ramp during 2026.
- 7
Vertically integrated production is reaching scale with BlueBird 11 through BlueBird 33 in advanced stages of production and assembly.
Management Comments
Abel Avellan
"AST SpaceMobile is accelerating manufacturing, regulatory progress, commercial partnerships, and government programs, furthering our position as the only technology positioned to capture the massive direct to device broadband opportunity in full." "BlueBird 8, BlueBird 9, and BlueBird 10 will be launched into low Earth orbit in mid-June and we are in advanced stages of production and assembly of BlueBird 11 through BlueBird 33." "Our network deployment for 2026 is targeting approximately 45 satellites in orbit, supported by our manufacturing cadence and multi-partner launch strategy" "We have a robust global spectrum portfolio, the industry’s largest global commercial ecosystem, and a fortress balance sheet, positioning us for success as we create the space-based cellular broadband market."
Informational and educational content only. Not investment advice.