| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 42.32 | 34.3% | 187.1% |
| Total Income | 42.32 | 34.3% | 187.1% |
| Expenditure | 178.49 | 31.7% | 30.1% |
| PBT | -175.60 | 41.2% | 7.4% |
| Net Profit | -132.38 | 42.7% | 7.7% |
| OPM | — | ||
| NPM | — | ||
| EPS | — |
AST SpaceMobile Announces Q3 2026 Business Update and Results
10 Nov 2026 · 3d ago, 3:21 am
Summary
AST SpaceMobile reported third quarter 2026 revenue of $42.3 million, driven by gateway deliveries and U.S. Government milestones, consistent with its planned quarterly revenue ramp. The company is advancing towards service readiness, with nationwide intermittent coverage expected in key markets by year-end 2026. Manufacturing is scaling up, with a target production rate of six ASIC satellites per month by December 2026. Management highlighted significant progress in global expansion, strengthened partnerships, and secured funding, positioning the company as a partner of choice for mobile network operators and the U.S. Government.
Key Highlights
- 1
AST SpaceMobile is advancing to service readiness with initial, intermittent nationwide coverage expected in key markets by year-end 2026.
- 2
The company expects to achieve a production rate of six ASIC satellites per month in December 2026.
- 3
Launch agreements now cover over 100 BlueBird satellites expected to be deployed cumulatively between 2027 and 2028, with the announcement of Blacklift, AST SpaceMobile's purpose-built rocket.
- 4
Third quarter revenue grew to $42.3 million from commercial and United States government customers, consistent with plans for quarterly revenue ramp during 2026.
- 5
AST SpaceMobile remains on target to achieve revenue guidance of $150.0 million to $200.0 million for the year, with upside based on recent contract signatures.
- 6
The company reported approximately $3.2 billion in cash, cash equivalents, and restricted cash as of September 30, 2026, to be reinforced with near-term non-dilutive capital.
Management Comments
Abel Avellan
We advanced several important initiatives to support the global expansion of our space-based cellular broadband network and expect to work with all major mobile network operators in the United States and Europe, providing potential expansion of our commercial ecosystem of over 60 mobile network operators representing over 3 billion subscribers. We expanded our international commercial footprint, strengthened mobile network operator partnerships, and secured additional spectrum and regulatory authorizations. We also announced Blacklift, our proprietary 20-ton rocket, which is intended to provide greater control over launch availability, deployment schedules, and attractive ownership economics. On the manufacturing front, we are transitioning to full-scale ASIC integration beginning with BlueBird 34, while advancing production through BlueBird 51. We expect to achieve a production rate of six ASIC satellites per month in December of this year. Looking ahead, our priorities are to advance service readiness across our initial markets, complete the transition to ASIC-enabled production, and scale our constellation deployment. Through our partner-first strategy, we are expanding our scope of service and positioning AST SpaceMobile to become the direct-to-device partner of choice for mobile network operators, technology leaders and the United States Government, extending our total addressable market well beyond traditional direct-to-device cellular broadband. With additional launch capacity and manufacturing output expected to increase, we are focused on accelerating constellation deployment and capitalizing on this expanded opportunity.
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