"Management guided in the company's Q3 2025 earnings call that H2 2025 revenue would land between $50 million and $75 million. With Q3 contributing $14.7 million in GAAP revenue, Q4 would need to deliver roughly $35 million to $60 million to meet the full-year back-half target. That is the range investors should benchmark against tonight."
"AST SpaceMobile disclosed over $1 billion in aggregate contracted revenue commitments from commercial partners, including a definitive agreement with Verizon and a 10-year deal with Saudi Telecom Group that includes a $175 million prepayment expected by the end of 2025."
"Manufacturing was on track for 40 satellites by early 2026 at a cadence of six per month, with service activation milestones tied directly to satellite count thresholds. EPS came in at -$0.45 against an estimate of -$0.26, a large miss, continuing a pattern of losses running well above analyst models as the company scales infrastructure."
AST SpaceMobile reports Q4 2025 earnings on March 2, 2026, with expectations for sequential revenue growth. Management previously guided H2 2025 revenue between $50-75 million, requiring Q4 to deliver $35-60 million given Q3's $14.7 million contribution. Wall Street consensus forecasts Q4 revenue of $41.55 million, GAAP EPS of -$0.20, and EBITDA of -$41.19 million. Operating expenses are expected to remain consistent with Q3's $67.7 million run rate, while capital expenditures are projected at $275-325 million. The company has secured over $1 billion in contracted revenue commitments, including agreements with Verizon and Saudi Telecom Group. Manufacturing targets 40 satellites by early 2026 at six per month. Management is expected to provide 2026 guidance during tonight's call.
#ast-spacemobile-earnings #satellite-communications #q4-2025-financial-results #revenue-guidance #space-infrastructure
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