AST SpaceMobile Inc. (ASTS) posted its first-quarter results after Monday's closing bell, missing both earnings and revenue estimates for the quarter. The stock dropped 7% in extended trading as investors digested the numbers.
AST SpaceMobile's Q1 Miss Sends Shares Sliding — Here's What Went Wrong
MarketDash
AST SpaceMobile reported a wider-than-expected loss and revenue that fell short of estimates. The stock dropped in extended trading.
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AST SpaceMobile Q1 Details
AST SpaceMobile reported quarterly losses of 66 cents per share, which missed the consensus estimate for losses of 23 cents per share. Quarterly revenue of $14.74 million fell short of the $37.63 million Street estimate, according to market data.
The company said revenue was driven by gateway deliveries and U.S. government milestones met. Total operating expenses for the first quarter were $164.1 million, including $73 million of depreciation and amortization and stock-based compensation expense. As of March 31, 2026, AST SpaceMobile had cash, cash equivalents, and restricted cash of approximately $3.5 billion.
“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,” commented Abel Avellan, AST SpaceMobile's CEO.
“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,” Avellan added.
ASTS Stock Price: According to market data, AST SpaceMobile stock was down 7.03% to $76.75 in Monday's extended trading.
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