Satellite broadband firm AST SpaceMobile's Q2 revenue misses estimates
ASTS•Analyst coverage
The current average analyst rating on the shares is "hold", with 6 "strong buy" or "buy", 6 "hold", and 2 "sell" or "strong sell" recommendations.
The average consensus recommendation for the wireless telecommunications services peer group is "buy." Wall Street's median 12-month price target for AST SpaceMobile, Inc. is $82.12, about 14.2% above its August 7 closing price of $71.94.
Q2 revenue misses estimates
AST SpaceMobile said second-quarter revenue missed analyst expectations, with revenue of $31.52 million versus consensus estimates of $34.98 million from 10 analysts. The company reported a Q2 loss per share of $0.77.
The firm said revenue was driven by gateway deliveries and meeting U.S. government contract milestones.
Outlook for 2026 and operating costs
The company said it is on track to achieve its full-year 2026 revenue guidance of $150 million to $200 million and is preparing to initiate beta services with select strategic partners in 2026.
