AST SpaceMobile slips after first-quarter revenue miss

ReutersMay 12, 2026 8:53 AM

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Shares of satellite communications firm AST SpaceMobile ASTS.O down 11.3% at $73.21 premarket

Co posts Q1 rev of $14.73 mln, missing analyst est. of $37.63 mln

"Our revenue declined during the first quarter due to the timing of gateway deployment to our commercial customers and the timing of completion of certain government contract milestones," CFO, Andrew Martin Johnson, says

Five out of 12 analysts rate the stock "Buy", five rate it "Hold", two "Sell"; median PT at $86.69 - data compiled by LSEG

As of last close, ASTS stock up 13.6% YTD

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