Equity Profile

ASTS

AST SpaceMobile, Inc.

Communication ServicesAlternative Carriers$27.6B

May11Mon

Post-Earnings Recap

ReportedQ1-2026After Close4:30 PM EDT

AST SpaceMobile Misses on EPS, Stock Up 9.99%

Metric	Actual	Expected	Surprise
EPS	$-0.66	$-0.17	-190.75%
Revenue	—	$37M	—

management commentary, guidance changes, and full analysis available with Pro.

AST SpaceMobile Misses on EPS, Stock Up 9.99%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$-0.66	$-0.17	-190.75%
Revenue	—	$37M	—

Management Commentary

Tone: Unknown

No transcript is on record for the earnings call, so the analysis is based solely on numerical results.

What It Means

AST SpaceMobile reported a larger-than-expected loss per share, which disappointed analysts. Despite this, the stock rose nearly 10%, likely driven by investor optimism or other market factors. The lack of revenue reporting adds uncertainty to the overall financial picture.

Company Snapshot

AST SpaceMobile, Inc. is a company in the Communication Services sector focused on providing satellite-based mobile broadband services....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs.

-$0.17

Revenue

Revenue growth is crucial as it reflects the company's ability to attract customers and expand its services.

$37M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

AST SpaceMobile, Inc. is a company in the Communication Services sector focused on providing satellite-based mobile broadband services. It aims to connect mobile devices directly to satellites, which could significantly enhance connectivity in remote areas and support the growing demand for mobile data.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

-154.33%

Avg Stock Reaction

+1.60%

Last Quarter Recap

In Q4-2025, AST SpaceMobile reported an EPS of -$0.26, which was worse than expected, leading to a stock increase of 9.76% the following day. The company continues to face challenges in meeting analyst expectations.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect AST SpaceMobile to report a loss this quarter, with a consensus EPS of -$0.17 and revenue of $37M. The company has struggled to meet earnings expectations in previous quarters.

Bull Case

If AST SpaceMobile can exceed revenue expectations and show signs of improving its cost structure, it could indicate a turnaround, leading to increased investor confidence.

Bear Case

On the other hand, if the company fails to meet its revenue targets again, it may raise concerns about its business model and growth prospects, leading to a negative reaction from investors.

Key Metrics to Watch

EPS

-$0.17

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs.

Revenue

$37M

Revenue growth is crucial as it reflects the company's ability to attract customers and expand its services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the company achieve revenue of at least $37M this quarter?

Meeting or exceeding this revenue target is critical for restoring investor confidence after several misses.

What specific steps is management taking to improve profitability and reduce losses?

Investors will be keen to understand how the company plans to address its ongoing financial challenges.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the potential for AST SpaceMobile to secure new partnerships that could drive revenue growth this quarter.

Supporting Evidence

Previous quarters showed significant stock movement despite earnings misses, indicating underlying investor interest.

The options market is pricing a larger move than historical averages, suggesting traders expect a significant shift.

Insider selling could indicate a lack of confidence, but it may also reflect individual strategies unrelated to company performance.

Key Risk

If revenue comes in below $25M, it could undermine the entire growth narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal in determining whether AST SpaceMobile can stabilize its operations and regain investor trust.

Bull Confirmed If

Achieving revenue of $40M or more would confirm a strong demand for its services.

Bear Confirmed If

Falling short of the $25M revenue mark would signal deeper issues with customer acquisition.

Pre-Earnings Positioning

Options Market

Implied Move

±15.2%

Historical Avg

±4.7%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±17.0% while ASTS has averaged ±4.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

2.0%

30d HV

27.6%

Calls (13.6M)P/C Ratio: 0.45Puts (4.9M)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$270.9M

3,040,000 sh

1 insider

Net

$270.9M

Net selling

Most Active Insiders· 2 open-market trades

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If AST SpaceMobile beats expectations, history suggests the stock could rise by around 4.04%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

Should the company miss expectations, history suggests a potential decline of about 0.41%, raising concerns about its future.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on new customer acquisitions and partnerships.
2Updates on cost management strategies and profitability improvements.
3Any commentary on market demand for satellite-based mobile services.
4Insights into competitive positioning within the alternative carriers industry.

See the full picture

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Company Snapshot

AST SpaceMobile, Inc. is a company in the Communication Services sector focused on providing satellite-based mobile broadband services....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs.

-$0.17

Revenue

Revenue growth is crucial as it reflects the company's ability to attract customers and expand its services.

$37M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

-154.33%

Avg Stock Reaction

+1.60%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect AST SpaceMobile to report a loss this quarter, with a consensus EPS of -$0.17 and revenue of $37M. The company has struggled to meet earnings expectations in previous quarters.

Bull Case

If AST SpaceMobile can exceed revenue expectations and show signs of improving its cost structure, it could indicate a turnaround, leading to increased investor confidence.

Bear Case

On the other hand, if the company fails to meet its revenue targets again, it may raise concerns about its business model and growth prospects, leading to a negative reaction from investors.

Key Metrics to Watch

EPS

-$0.17

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs.

Revenue

$37M

Revenue growth is crucial as it reflects the company's ability to attract customers and expand its services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the company achieve revenue of at least $37M this quarter?

Meeting or exceeding this revenue target is critical for restoring investor confidence after several misses.

What specific steps is management taking to improve profitability and reduce losses?

Investors will be keen to understand how the company plans to address its ongoing financial challenges.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the potential for AST SpaceMobile to secure new partnerships that could drive revenue growth this quarter.

Supporting Evidence

Previous quarters showed significant stock movement despite earnings misses, indicating underlying investor interest.

The options market is pricing a larger move than historical averages, suggesting traders expect a significant shift.

Insider selling could indicate a lack of confidence, but it may also reflect individual strategies unrelated to company performance.

Key Risk

If revenue comes in below $25M, it could undermine the entire growth narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal in determining whether AST SpaceMobile can stabilize its operations and regain investor trust.

Bull Confirmed If

Achieving revenue of $40M or more would confirm a strong demand for its services.

Bear Confirmed If

Falling short of the $25M revenue mark would signal deeper issues with customer acquisition.

Pre-Earnings Positioning

Options Market

Implied Move

±15.2%

Historical Avg

±4.7%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±17.0% while ASTS has averaged ±4.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

2.0%

30d HV

27.6%

Calls (13.6M)P/C Ratio: 0.45Puts (4.9M)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$270.9M

3,040,000 sh

1 insider

Net

$270.9M

Net selling

Most Active Insiders· 2 open-market trades

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If AST SpaceMobile beats expectations, history suggests the stock could rise by around 4.04%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

Should the company miss expectations, history suggests a potential decline of about 0.41%, raising concerns about its future.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on new customer acquisitions and partnerships.
2Updates on cost management strategies and profitability improvements.
3Any commentary on market demand for satellite-based mobile services.
4Insights into competitive positioning within the alternative carriers industry.