AST SpaceMobile Reaffirms $150–$200M Revenue Forecast After Q1 Miss and Capex Shock
Company misses Q1 revenue and posts wider loss, attributing shortfall to gateway deployment delays and government milestone timing, while capex rose sharply. Management reconfirmed full-year revenue forecast of $150–$200 million and noted half of the 2026 pipeline is already booked or contracted.
1. Q1 Performance
The company reported Q1 revenue below expectations and recorded a wider net loss, citing timing delays in gateway deployments and government milestone approvals as key factors in the shortfall.
2. Capital Expenditure Surge
Capital expenditures rose sharply during the quarter as the company accelerated infrastructure build-out, surprising investors and contributing to downward pressure on the share price.
3. Full-Year Outlook
Management reaffirmed its full-year revenue guidance of $150–$200 million and highlighted that 50% of the 2026 sales pipeline is already booked or under contract, underscoring confidence in future growth.