AST SpaceMobile

AST SpaceMobile reported Q2 2026 revenue of $31.5 million driven by gateway deliveries and U.S. Government milestones, up from $1.2 million in Q2 2025. Operating expenses were $329.1 million (including $125.9 million loss on involuntary conversion); adjusted operating expenses reached $119.1 million. Net loss was $230.9 million, or $(0.77) per share. The company expanded its constellation to 13 in-orbit satellites with 20,000 square feet of combined aperture hardware, added 60+ MNO partnerships covering 3 billion subscribers globally, and increased contracted revenue backlog to $1.30 billion. The firm raised $1.15 billion in convertible notes in July 2026 and maintained full-year 2026 revenue guidance of $150–200 million, supported by U.S. Government awards totaling $125+ million and preparations for beta service launch in 2026.