stockrowLatest quarter
AST SpaceMobile reported Q2 FY2026 revenue of $31.5 million, compared with $1.2 million in Q2 FY2025, and the company’s reported revenue was below the $34.1 million consensus estimate. The company’s revenue was −7.65% against the consensus and increased 2,626.6% from a year earlier.
AST SpaceMobile reported diluted EPS of −$0.77 for Q2 FY2026, compared with −$0.41 in Q2 FY2025. The filing reported a gross margin of 25.2%, versus 100.0% a year earlier, and an operating margin of −944.1%, versus −6,297.3% a year earlier. The filing attributed higher engineering services costs to headcount, stock-based compensation, consulting, third-party engineering activities, equipment, facilities and travel costs. AST SpaceMobile reported free cash flow of −$719.2 million in Q2 FY2026, compared with −$353.6 million in Q2 FY2025.
| Q2 FY2026 | Q2 FY2025 | Change | |
|---|---|---|---|
| Revenue | $31.5 million | $1.2 million | 2,626.6% |
| Diluted EPS | −$0.77 | −$0.41 | — |
| Gross margin | 25.2% | 100.0% | −74.8 percentage points |
| Operating margin | −944.1% | −6,297.3% | 5353.2 percentage points |
| Free cash flow | −$719.2 million | −$353.6 million | — |
| Against the consensus | Reported | Consensus | Result |
|---|---|---|---|
| Revenue | $31.5 million | $34.1 million | Missed by 7.65% |
Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.
What management said on the call
AST SpaceMobile did not provide an earnings-call transcript or call commentary in the available materials.
Guidance
AST SpaceMobile continued to expect FY2026 revenue of $150.0 million to $200.0 million. The company said this outlook was supported by additional contract awards from the U.S. Government, while stating that its 2026 revenue plan remained subject to satellite launch and deployment and contract milestones.
| Metric | For | Guide | Previous guide | Change |
|---|---|---|---|---|
| Revenue | FY2026 | $150.0 million–$200.0 million | — | New |