AST SpaceMobile shares drop 14% after Q1 revenue and loss miss expectations

AST SpaceMobile reported Q1 2026 results with a $0.66 per share loss, wider than the expected $0.23 loss, and revenue of $14.7 million, well below the $39 million forecast. The revenue shortfall was mainly due to lower gateway deliveries, while operating expenses rose to $164.1 million driven by higher engineering and administrative costs. Despite the miss, the company maintained its 2026 revenue guidance of $150-$200 million and highlighted progress in satellite deployment and global network partnerships. The firm plans to launch more satellites this year and expand its commercial footprint across multiple countries targeting billions of people.