$ASTS · AST SpaceMobile, Inc.
AST SpaceMobile filed an 8-K reporting Q3 2026 results (Item 2.02) and a business update (Item 7.01). Revenue reached $42.3M versus $14.7M in Q3 2025, driven by gateway deliveries and U.S. government milestones. GAAP net loss attributable to common stockholders was $132.4M, or $0.44 per share, versus $122.9M ($0.45) a year earlier. The company reiterated full-year 2026 revenue guidance of $150M-$200M and reported approximately $3.2B in cash, cash equivalents, and restricted cash.
- Q3 2026 revenue of $42.3M, up from $14.7M in Q3 2025.
- GAAP net loss of $132.4M, or $0.44 per share.
- Cash, cash equivalents, and restricted cash of approximately $3.2B as of September 30, 2026.
- Reiterated full-year 2026 revenue guidance of $150M-$200M.
- Japan J-LEO grant adds approximately $1.0B in non-dilutive funding.
Shares closed up 14.10% to $36.89 in the regular session; extended-hours last trade of $36.73 is down 0.43% from the close, suggesting the earnings release did not add further upside.
A 187% year-over-year revenue jump and reiterated $150M-$200M guidance signal accelerating commercialization, but the company still burns cash with a $132M quarterly net loss.
AST SpaceMobile's direct-to-device satellite broadband push competes with SpaceX's Starlink and other LEO constellations, with government and MNO partnerships central to monetization.
Execution risk on Blacklit rocket development, J-LEO constellation delivery timelines, and reliance on non-dilutive government funding; forward-looking statements flag uncertainty around regulatory approvals and commercial agreements.