Earnings call analysis

AST SpaceMobile (ASTS) Q2 2026 Earnings Call: Guidance and Outlook

The company reiterated its full-year 2026 revenue guidance and provided quarterly outlooks for operating expenses and capital expenditures.

About AST SpaceMobile. AST SpaceMobile, Inc. establishes and operates a satellite-based cellular broadband network designed to connect directly with standard mobile phones.

Call date

Aug 10, 2026

Sentiment score

+45 Positive

Management tone, -100 to +100

Sentiment change

+15

vs Q1 FY2026 call

Sector

Communication Services, Diversified Telecommunication Services

Next report

Not yet scheduled

View calendar

Quarterly guidance

Q3 2026 Adjusted OpEx: $105 million to $115 million
Q3 2026 CapEx: $350 million to $425 million

Annual guidance

Full Year 2026 Revenue: $150 million to $200 million
Full Year 2026 Adjusted OpEx: $400 million total

Outlook

Revenue trajectory: Revenue is expected to grow sequentially each quarter in 2026, with weighting towards the fourth quarter.
Satellite constellation: The company targets having approximately 45 BlueBird satellites in orbit by early 2027.
Manufacturing: The company is targeting a production cadence of 6 fully assembled satellites per month.
Government opportunity: Management expects government revenue to scale into a recurring multibillion-dollar annual opportunity starting in 2027.
Cost per satellite: The average capital cost for the constellation of over 90 satellites is estimated at $21 million to $23 million per satellite.
Commercial service: The company believes it can enable continuous service in key markets with 45 to 60 satellites.

Sources and method

Dombey's summary of the AST SpaceMobile Q2 2026 earnings call held Aug 10, 2026, written from the call itself. Every figure on this page was checked against what was said on the call, and quoted lines are management's own words; we do not add estimates or prices. The tone score is our read of management's wording, guidance and answers. Check figures against the company's SEC filings before acting. This is research, not investment advice.

Updated Nov 9, 2026. All earnings call analyses

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