Overview

• Space-based cellular broadband provider's Q1 revenue declined and missed analyst expectations

• Q1 adjusted EPS was -0.66

• Company maintains strong cash position with $3.5 bln in cash and equivalents

Outlook

• AST SpaceMobile sees full-year 2026 revenue of $150 mln to $200 mln

• Company targets about 45 BlueBird satellites in orbit during 2026

• Company expects about half of 2026 revenue from contracted backlog

Result Drivers

• GATEWAY DELIVERIES & GOVERNMENT MILESTONES - Q1 revenue driven by gateway deliveries and U.S. Government milestones met

Company press release: ID:nBwl4jkTa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Miss	$14.73 mln	$37.63 mln (8 Analysts)
Q1 EPS		-$0.66

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell"

• The average consensus recommendation for the wireless telecommunications services peer group is "buy."

• Wall Street's median 12-month price target for AST SpaceMobile Inc is $86.69, about 15.5% above its May 8 closing price of $75.05

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