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Get filing alertsAST SpaceMobile reports Q2 revenue of $31.5M, $125M government contracts, $125.9M satellite loss
Filed August 10, 2026 · Period ending August 10, 2026 · ~1 min read
Key Changes
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Recorded $125.9M loss on involuntary conversion in Q2 2026, driving operating expenses to $329.1M (up $165M from Q1). Non-cash charge appears related to satellite loss.
Exhibit 99.1 view on EDGAR → -
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Raised $1.150B gross proceeds from 1.625% convertible notes offering in July 2026 with conversion price of $149.20/share; pro forma cash position exceeds $3.7B as of June 30, 2026.
Exhibit 99.1 view on EDGAR → -
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Q2 2026 revenue of $31.5M from commercial and government customers; received U.S. Government contract awards totaling over $125M for national-security applications; revenue backlog increased to ~$1.30B.
Exhibit 99.1 view on EDGAR → -
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Expanded constellation to 13 satellites in orbit (launched BlueBirds 8-13 within 50 days) with ~20,000 sq ft combined aperture; BlueBirds 14-16 ready to ship, 17-46 in production; preparing beta service launch in 2026.
Exhibit 99.1 view on EDGAR → -
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Rakuten/AST joint venture received preliminary selection by Japan MIC for J-LEO initiative with expected value up to ~up to $1B in non-dilutive, non-debt government capital.
Exhibit 99.2 view on EDGAR →
Summary
AST SpaceMobile reported Q2 2026 results showing operational progress offset by a significant satellite loss. The company generated $31.5M in revenue (consistent with its quarterly ramp plan) and secured over $125M in new U.S. Government contracts for national-security applications, bringing total revenue backlog to approximately $1.30B.
However, Q2 operating expenses surged to $329.1M due to a $125.9M non-cash loss on involuntary conversion—likely the loss of $20.3 million BlueBird 7 based on insurance proceeds references in the cash flow statement. This represents a material setback to the constellation buildout, though the company maintains full-year 2026 revenue guidance of $150M–$200M.
The company strengthened its balance sheet in July 2026 with a $1.150B convertible notes offering (1.625% coupon, $149.20 conversion price), bringing pro forma cash to over $3.7B as of June 30, 2026. Operationally, AST launched six satellites (BlueBirds 8-13) within 50 days, expanding the constellation to 13 spacecraft with ~20,000 sq ft of combined aperture. BlueBirds 14-16 are ready to ship and 17-46 are in production, targeting ~45 satellites in orbit by early 2027. The Rakuten joint venture's preliminary selection for Japan's J-LEO initiative (up to ~up to $1B in non-dilutive government capital) adds a significant international funding source. Investors should monitor satellite deployment pace, beta service launch timing with strategic partners, and whether the involuntary conversion loss recurs or represents an isolated event.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
AST SpaceMobile furnished a Q2 2026 business update presentation for its earnings call on August 10, 2026.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
AST SpaceMobile is also furnishing a Second Quarter 2026 Business Update, dated August 10, 2026 (the “Presentation”), attached as Exhibit 99.2 to this Current Report on Form 8-K, which may be referred to on the Company’s second quarter 2026 conference call to be held on August 10, 2026.
The company furnished a Q2 2026 business update presentation as Exhibit 99.2, to be referenced during its earnings conference call on August 10, 2026. The presentation is also available on the company's website. This is a routine disclosure under Regulation FD to ensure material information is publicly available when discussed with analysts and investors.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Second quarter revenue was $31.5 million from commercial and government customers, consistent with plans for quarterly revenue ramp during 2026
AST SpaceMobile reported Q2 2026 revenue of $31.5 million from commercial and government customers, consistent with its planned quarterly revenue ramp. The company increased its revenue backlog to approximately $1.30 billion in aggregate contracted revenue with commercial partners and U.S. Government contract awards, and remains on track to achieve full-year 2026 revenue guidance of $150.0 million to $200.0 million.
Added in current filing · view on EDGAR →
Following the recent orbital launch of BlueBirds 11, 12, and 13, our space-based cellular broadband network has now grown to 13 spacecraft in orbit, each the largest ever in low Earth orbit, with approximately 20,000 square feet of combined aperture hardware deployed
AST SpaceMobile expanded its constellation to 13 spacecraft in orbit with approximately 20,000 square feet of combined aperture hardware deployed. The company launched BlueBirds 11, 12, and 13, with BlueBirds 14, 15, and 16 ready to ship shortly, and BlueBirds 17 through 46 in various stages of production and assembly. The company is preparing to initiate beta services with select strategic partners in 2026.
Added in current filing · view on EDGAR →
Received multiple awards from the U.S. Government with an aggregate value of over $125 million supporting multiple national-security applications
AST SpaceMobile received multiple awards from the U.S. Government with an aggregate value of over $125 million supporting multiple national-security applications. These awards contribute to the company's $1.30 billion revenue backlog and support its full-year 2026 revenue guidance of $150.0 million to $200.0 million.
Event · Exhibit 99.2
Added in current filing · view on EDGAR →
Second quarter revenue was $31.5 million, consistent with plans for quarterly revenue ramp during 2026 Received multiple awards from the U.S. Government with an aggregate value of over $125 million supporting multiple national-security applications On track to achieve full year 2026 revenue guidance of $150.0 million to $200.0 million, supported by additional contract awards from the U.S. Government Revenue backlog increased to approximately $1.30 billion in aggregate contracted revenue agreements with partners and contract awards with the United States Government
AST SpaceMobile reported Q2 2026 revenue of $31.5 million and received U.S. Government contract awards totaling over $125 million for national-security applications. The company reaffirmed full-year 2026 revenue guidance of $150.0 million to $200.0 million and disclosed that its revenue backlog increased to approximately $1.30 billion in aggregate contracted revenue agreements.
Added in current filing · view on EDGAR →
Orbital launch of BlueBird 8-13 marks six spacecraft launched within 50 days, increasing network to 13 in-orbit spacecraft, with combined aperture hardware of approximately 20,000 sq ft ... BlueBirds 14, 15, and 16 are ready to ship shortly, with BlueBird 17 through BlueBird 46 in various stages of production and assembly
AST SpaceMobile launched BlueBird satellites 8-13 within 50 days, bringing the total in-orbit constellation to 13 spacecraft with approximately 20,000 square feet of combined aperture hardware. BlueBirds 14-16 are ready to ship, and BlueBirds 17-46 are in various stages of production and assembly, supporting the company's target of approximately 45 satellites in orbit by early 2027.
Added in current filing · view on EDGAR →
Total adj. operating expenses 119,055 91,179 51,708 Less: Adjusted cost of revenues2 (23,173) (11,383) - Total adj. operating expenses, excluding Adjusted cost of revenues 95,882 79,796 51,708
AST SpaceMobile reported adjusted operating expenses of $119.1 million for Q2 2026, up from $91.2 million in Q1 2026. Excluding adjusted cost of revenues, adjusted operating expenses were $95.9 million in Q2 2026 versus $79.8 million in Q1 2026, reflecting the company's continued investment in scaling operations.
Added in current filing · view on EDGAR →
Over $3.7 billion in cash, cash equivalents, and restricted cash, pro forma for convertible notes offering (as of June 30, 2026)
AST SpaceMobile disclosed a pro forma liquidity position of over $3.7 billion in cash, cash equivalents, and restricted cash as of June 30, 2026, reflecting the impact of a convertible notes offering. This strengthened balance sheet supports the company's satellite production, deployment, and operational scaling plans.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 11, 2026 · How we verify