AST SpaceMobile (ASTS) Stock Drops as Q2 Earnings Miss on Revenue and EPS
TLDR
- ASTS fell 2.8% in pre-market to $66.82 after Q2 results missed on both revenue and earnings
- Revenue came in at $31.52 million vs. $35 million expected; EPS missed at -$0.77 vs. -$0.37 consensus
- A $125.9 million loss tied to the BB7 launch incident widened the quarterly loss
- The company raised $1.15 billion via convertible notes in July, adding dilution concerns
- Full-year 2026 revenue guidance held at $150 million to $200 million; backlog rose to $1.30 billion
AST SpaceMobile stock fell 2.8% in pre-market trading to $66.82 on August 11, after the company posted Q2 2026 results that missed analyst expectations on both the top and bottom lines.
Revenue for the quarter came in at $31.52 million, below the $35 million consensus. EPS landed at -$0.77, well below the -$0.37 analysts had expected.
A large chunk of the loss came from a $125.9 million charge tied to an involuntary conversion loss connected to the BB7 satellite launch incident. That single item pushed the quarterly loss well past what the market had priced in.
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