AST SpaceMobile Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 revenue more than doubled sequentially, driven by government and commercial contracts, with a $1.3 billion backlog and over $3.7 billion in cash. Satellite production and global partnerships are scaling, with commercial service and significant government revenue expected to ramp in 2027.
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Q1 2026 saw strong operational progress, with $14.7M revenue, expanding MNO and government contracts, and a robust $3.5B cash position. The company targets 45 satellites in orbit by year-end, expects sequential revenue growth, and maintains 2026 guidance of $150–$200M.
Fiscal Year 2025
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Achieved record 2025 revenue of $70.9M and raised $3.5B in capital, with strong commercial and government momentum. 2026 guidance targets $150M–$200M revenue and deployment of 45–60 satellites, with commercial service activation expected in the second half.
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2025 marked a shift to scaling, with major capital raised, manufacturing ramp-up, and over $1 billion in committed revenue. The company is deploying a global satellite network, expanding commercial and government partnerships, and expects strong operating leverage and future growth.
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Q3 2025 saw major commercial wins, over $1B in contracted revenue, and a strengthened cash position of $3.2B, fully funding a 100+ satellite constellation. Revenue ramped to $14.7M, with 2025 guidance of $50-75M and key launches on track.
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Q2 2025 saw major advances in satellite manufacturing, spectrum acquisition, and commercial partnerships, with over $1.5B in liquidity and guidance reaffirmed for $50M–$75M in H2 2025 revenue. The company is fully funded to reach 45–60 satellites for continuous service.
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Accelerated satellite launches and manufacturing are driving a pivotal year, with $50M–$75M in revenue expected for 2025, strong government and commercial contracts, and a robust cash position supporting rapid expansion. Higher CapEx is anticipated due to increased launch and material costs.
Fiscal Year 2024
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Operational satellites now deliver full broadband to unmodified smartphones, with major commercial and government contracts secured. Manufacturing and launch capacity are ramping up, supported by a strong balance sheet and strategic financing, targeting free cash flow at 25 satellites.
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Q3 2024 marked a shift to commercial operations with five satellites launched, $518.9M in cash, and major launch agreements secured. Government and commercial contracts are advancing, with initial U.S. beta service pending FCC approval.
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Transitioned to commercial operations with first five satellites set for September launch and strong cash position. Secured major partnerships and regulatory milestones, with Block 2 production and government contracts underway. Focus remains on non-dilutive financing.