AST SpaceMobile Inc - Ordinary Shares - Class A
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+ FollowMarket Cap$10.65B
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Earnings Call Q2 2026
August 10, 2026 - AI Summary
Strong operational momentum + revenue ramp outlook (2026 guidance reiterated):
- Q2 2026 revenue was $31.5M, up sequentially and year-over-year, driven by commercial gateway deliveries and U.S. government milestone achievements.
- Company reiterated full-year 2026 revenue guidance of $150M–$200M and expects revenue to grow sequentially each quarter but be weighted toward Q4 (typical timing variability).
- Positive signal: revenue performance and gateway delivery pace are described as consistent with internal plans.
Commercial deployment building toward scale (gateways + MNO ecosystem):
- Platform scaling is progressing with beta-ready hardware and expanding ground infrastructure: in Q2 they delivered 13 gateways to 7 customers across 5 continents; they’re targeting deployment of roughly ~50 gateways across ~20 markets as satellites come online.
- Commercial ecosystem: 60+ MNO partners covering ~3B subscribers globally; integration/testing activity reported in Europe with Vodafone, Orange, Telefonica, Deutsche Telekom (and others referenced).
- Challenge/constraint: balancing launch/deployment beyond early markets (U.S., Canada, Europe, Japan, Saudi Arabia, U.S. government) by engaging 20+ MNOs across 50+ country markets.
Manufacturing & constellation cadence are central—CapEx-heavy reality:
- Manufacturing progress: BlueBird 14–16 ready to ship shortly; 17–46 in production/assembly.
- They aim for ~45 BlueBird satellites in orbit by early 2027 (supporting continuous service concepts across key regions).
- CapEx: Q2 2026 capital expenditures were ~$610M (vs ~$257M in Q1), near the guidance midpoint previously given ($575M–$650M).
- Updated forward-looking cost/capex expectations:
- Q3 adjusted OpEx (ex cost of revenue): ~$105M–$115M
- Full-year 2026 adjusted OpEx (ex cost of revenue): ~$400M total (~$100M/quarter)
- Q3 CapEx: ~$350M–$425M (launch-payment timing dependent).
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$-2.81
107.9% downside
Current Fair Value
107.9% downsideOvervalued by 107.9% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $10.65 Billion |
|---|---|
| Enterprise Value | $11.37 Billion |
| Earnings per Share | $-1.34 |
| Beta | 2.71 |
| Outstanding Shares | 299,061,662 |
Return
| Return on Equity | -32.67% |
|---|---|
| Return on Assets | -10.57% |
| Return on Invested Capital | -11.84% |
Valuation & Multiples
| P/E Ratio | -18.97 |
|---|---|
| PEG | -14.33 |
| Price to Sales | - |
| Price to Book Ratio | 4.45 |
| Enterprise Value to Revenue | 98.64 |
| Enterprise Value to EBIT | -16.96 |
| Enterprise Value to Net Income | -19 |
| Total Debt to Enterprise | 0.26 |
| Debt to Equity | 1.59 |
Revenue Sources
No data
Last Earnings Call
Report Date
August 10, 2026
EPS Estimate
$-0.32
Consensus analyst estimateRevenue Estimate
$34.53 M
Consensus analyst estimateNext Earnings Call
Expected Date
November 9, 2026
EPS Estimate
$-0.42
Consensus analyst estimateRevenue Estimate
$45.73 M
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.58, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.5763▼ 9.81% |
|---|---|
| Total Calls | 343,900▼ 99.15% |
| Total Puts | 198,200▼ 99.27% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 2.20%▼ 57.65% |
|---|---|
| Total Invested | $383.19M▼ 97.52% |
| Investors Holding | 233▼ 623.00% |
About AST SpaceMobile Inc
210 employees
AST SpaceMobile is building the first, and only, space-based cellular broadband network to operate directly with standard, unmodified mobile devices based on its extensive IP and patent portfolio. AST SpaceMobile's team of engineers and ...