Key Highlights

● Second-quarter 2026 Revenue was $31.5 million, up from $1.2 million.

● Thirteen spacecraft were in orbit after BlueBirds 11, 12 and 13 launched.

● Management says it is on track for 2026 revenue of $150 million to $200 million.

● Cash and equivalents were about $2.7 billion at June 30, 2026.

AST SpaceMobile, Inc. (NASDAQ:ASTS) was scheduled to hold its third-quarter 2026 Business update call on Monday, November 9, at 5:00 p.m. Eastern Time, according to the company. The satellite-to-smartphone developer has been moving from build phase toward early commercial service, and investors may be looking for updates on launches, revenue and funding. The most recent published results are from August 2026.

Latest Company Context

In its second-quarter 2026 update, dated August 10, AST SpaceMobile reported revenue of $31.5 million, up from $1.2 million a year earlier, and six-month revenue of $46.3 million. The net loss attributable to common stockholders was $230.9 million, or $0.77 per share, including a $125.9 million loss on involuntary conversion. The company said 13 spacecraft were in orbit after BlueBirds 11, 12 and 13 launched, and that it had launched six spacecraft within 50 days.

The company has stated that its Block 1 satellites demonstrated peak data rates of nearly 100 Mbps, with Block 2 targeting approximately 200 Mbps. Cash, cash equivalents and restricted cash were about $2.7 billion at June 30, 2026. The company said pro forma cash exceeded $3.7 billion after a July offering of $1.15 billion in 1.625% convertible senior notes.

Key Business and index Drivers

Company guidance remains the main reference point: management said it was on track for full-year 2026 revenue of $150 million to $200 million. Having reported $46.3 million for the first half, the guidance implies a steep second-half ramp, which is a company expectation rather than a confirmed result. The company also cited a revenue Backlog of about $1.30 billion, U.S. government awards totaling more than $125 million, and relationships with more than 60 mobile network operators covering over 3 billion subscribers.

On deployment, BlueBirds 14 through 16 were described as ready to ship, with BlueBirds 17 through 46 in production or assembly. Beta service was planned for 2026.

What Investors Should Watch

Investors may watch the third-quarter revenue figure and whether it tracks toward the full-year range. Launch cadence is another focus, including how many BlueBird satellites are operating and when beta service reaches customers. Cash burn against the roughly $3.7 billion pro forma cash position may matter, as could any commentary on future financing, since convertible notes can dilute shareholders if converted. Updates on partner carriers, government contracts and regulatory approvals could also influence sentiment. Regulatory milestones, including the company's Federal Communications Commission authority for supplemental coverage from space, may also draw attention as commercial service nears.

From Build Phase to Revenue

AST SpaceMobile's story rests on turning an ambitious satellite constellation into recurring revenue. The August update showed rapid revenue growth from a small base, a larger fleet in orbit and substantial liquidity, alongside large losses and an aggressive second-half target. The November 9 call may add detail beyond the August figures.