---
title: "AST Spacemobile drops after 1Q top and bottom lines miss estimates"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286000479.md"
description: "AST SpaceMobile shares fell 11% in postmarket trading after the company reported Q1 earnings that missed Wall Street expectations. Revenue was $14.7 million, significantly below the $39 million estimate, while net income was -$191 million, worse than the anticipated -$76.3 million. Despite this, revenue increased from $7.18 million in Q1 2025. The company has agreements with major telecoms and aims to launch 45 satellites by 2026, currently trailing behind SpaceX's Starlink."
datetime: "2026-05-11T21:30:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286000479.md)
  - [en](https://longbridge.com/en/news/286000479.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286000479.md)
---

# AST Spacemobile drops after 1Q top and bottom lines miss estimates

After soaring during Monday's session, AST SpaceMobile shares are coming back to earth.

The retail-trading favorite is down double digits in postmarket trading Monday after the company fell short of Wall Street’s expectations with its Q1 earnings report.

Here are the details:

-   Revenue of $14.7 million (compared to analyst estimates of $39 million).
-   Net income of -$191 million (estimate: -$76.3 million)

Shares, which rose 10% during the regular session on Monday, fell 11% after the report.

The company — which is building the first space-based cellular broadband network, connecting standard cell phones to satellites — has experienced high stock volatility over the past year. Despite the dips, however, it had still landed up nearly 200% since last May.

Despite missing Street estimates, the company's revenue is a significant increase over the Q1 2025's $7.18 million, when the company focused primarily on government contract work. The company has a devoted retail following, who call themselves the SpaceMob, who’ve cheered on the SpaceX rival’s rapid growth.

Today, AST Spacemobile has agreements with Verizon, AT&T, and others to provide space-based internet directly to phones. Earlier this year, it also won a key contract with the US Department of Defense for the “Golden Dome.”

So far the company has successfully launched seven functioning satellites and on Monday recommitted to plans to have 45 total satellites by 2026. The company currently trails behind Elon Musk’s SpaceX, who says they now have 10,000 Starlink satellites in orbit and launched. AST Spacemobile also is one short on their goal after their BlueBird 7 satellite had to be taken out of orbit in April.

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