AST SpaceMobile Q2 Revenue and EPS Miss Estimates but Backlog Surges to $1.3 Billion

AST SpaceMobile reported second-quarter revenue of $31.5 million, falling short of the $35 million analyst estimate, while its GAAP loss per share of $0.77 missed expectations of a $0.48 loss. Despite the headline misses, the company's contracted backlog grew to $1.3 billion, and the addition of 13 satellites lifted its full-year 2026 revenue guidance to a range of $150 million to $200 million, bracketing the prior consensus estimate of $169 million. The company is also eyeing the launch of beta service, signaling a move toward commercial operations from its direct-to-device satellite network.