Midland, Texas — It’s 09:38 CDT on May 10, 2026.
AST SpaceMobile, Inc. is set to report first-quarter results Monday, just days after ASTS stock staged a strong recovery on Friday. Investors are zeroed in on whether the satellite-to-phone player can stick to its deployment timeline following last month’s BlueBird 7 launch mishap. Management plans to go over both business and financials in a call slated for 5 p.m. ET on May 11.
Right now, the focus shifts from the standard earnings numbers to how well the company is delivering. AST SpaceMobile ended Friday at $75.05, up 14.84%. According to consensus figures tracked by MarketBeat, analysts are looking for a Q1 loss of 23 cents per share on revenue projected at $39.01 million.
The call comes just days after AST announced plans to launch three BlueBird satellites in mid-June on a SpaceX Falcon 9, and said 32 more next-gen units are deep into assembly. Monday’s update puts the spotlight on whether AST can actually deliver—moving from production talk to real satellites in orbit.
Regulatory tailwinds gave AST its largest boost. In April, the Federal Communications Commission cleared the way for the company to roll out a 248-satellite network across the U.S., a move that enables direct-to-device (D2D) service—connecting standard smartphones straight to satellites—through partnerships with AT&T, Verizon, and FirstNet.
AST landed approval to offer Supplemental Coverage from Space, the FCC’s category for satellite service that plugs holes in conventional mobile networks, tapping into 700 MHz and 800 MHz low-band spectrum alongside its carrier partners. Abel Avellan—who holds the roles of founder, chairman, and CEO—described this as an “important step” for the company as it pushes toward commercial-scale operations. Business Wire
The loss is recent. In an April filing, AST disclosed that although BlueBird 7 had separated from Blue Origin’s New Glenn rocket and powered up, it ended up in an orbit too low for sustained use and would have to de-orbit. The company noted it anticipates making up the satellite’s cost via insurance, and it’s still aiming for around 45 satellites in orbit by late 2026.
AST has moved past the pre-revenue phase, yet its cash burn remains substantial. For full-year 2025, the company logged $70.9 million in revenue; in the fourth quarter alone, revenue totaled $54.3 million. Contracted revenue commitments from partners topped $1.2 billion. As for liquidity, AST reported more than $3.9 billion in cash, restricted cash, and other liquid assets on a pro forma basis.
Analysts shrugged off the BlueBird 7 failure as more of a timing issue than a fundamental problem. William Blair’s Louie DiPalma pointed out “the silver lining” was the single payload, according to a note. MarketBeat highlighted his take that New Glenn could eventually send up multiple AST BlueBird satellites per launch. Investing.com
Competition in the sector is intensifying. Back in April, Amazon struck a $11.57 billion agreement to acquire Globalstar, aiming to bulk up its satellite connectivity ambitions and go head-to-head with SpaceX’s Starlink. This move has turned up the heat in the direct-to-device space—a segment where AST is still working to validate its large-satellite strategy.
The risks for AST are straightforward enough. The company faces pressure to get big satellites up quickly, juggle regulatory hurdles and potential interference, secure hefty funding for its ambitious expansion, and make sure carrier partners stay on board—all while proving that projected demand becomes actual usage. AST itself lists launch schedules, funding, regulatory issues, rivals, and the speed of adoption as key risks in its own filings.
Monday’s call will reveal if Friday’s rally marked a true reset or was simply a quick rebound ahead of tougher scrutiny. Right now, AST SpaceMobile has cleared some regulatory hurdles, announced new launch plans, and put the satellite mishap in the rearview — but it still hasn’t delivered the operational network investors expect.
