AST SpaceMobile (ASTS) Stock Plunges 11% as Q1 Revenue Misses Expectations by Over 60%
AST SpaceMobile, Inc., ASTS The satellite communications company disclosed a quarterly loss of 66 cents per share alongside revenue totaling $14.7 million. This performance fell notably short of Wall Streets consensus forecast, which anticipated a loss of merely 23 cents per share on sales of $39 million. For comparison, the same period last year saw AST record a loss of 20 cents per share with revenue of only $718,000. The first-quarter shortfall is substantial. Sales figures reached barely 38% of analyst projections. Yet the company chose not to revise its forward-looking projections. AST SpaceMobile reaffirmed its full-year 2026 revenue target ranging from $150 million to $200 million. Current Wall Street estimates center around $177 million for the full year. This unchanged guidance provided some reassurance to shareholders following an underwhelming quarterly performance. Context matters here: ASTS had climbed 10% during Mondays regular session leading up to the earnings announcement, and had surged 220% throughout the preceding twelve months. Investor enthusiasm was clearly elevated. Expanding Satellite Infrastructure AST is constructing a satellite-based cellular network designed to enable ordinary smartphones to communicate directly with orbiting satellites — eliminating the need for specialized equipment. The company has demonstrated peak download speeds of 98.9 megabits per second utilizing its operational Block 1