Analyst Consensus ?
ConsensusHold8 ratings
Bullish337.5%
Neutral450.0%
Bearish112.5%
AST SpaceMobile, Inc. · ASTS · FY2025 Q1 · Calendar Q2 2025
AST SpaceMobile advances launches, spectrum and commercial rollout
The quarter supports a conditional growth case: management paired increasing launch and manufacturing activity with commercial, government, and spectrum initiatives. The evidence is encouraging on demand access and strategic partnerships, but the next-year case remains dependent on execution, financing, regulatory approvals, and conversion of planned service into revenue.
Reported Before market openNASDAQCommunication Services
$20.74B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $-0.15
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus —
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-4.8%
Event window
SPY move
-1.7%
Same window
Abnormal move
-3.1%
Stock minus SPY
Volume
1.0×
Versus trailing sessions
Subsequent drift
+92.8%
Up to 20 sessions
ASTSSPY benchmark
Ask FN2 about ASTS FY2025 Q1
Transcript, numbers and history already loaded
What drove ASTS's -4.8% move after FY2025 Q1 earnings?What changed in ASTS's guidance and outlook in FY2025 Q1?Give me the bull and bear case for ASTS after FY2025 Q1 earnings.
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Transcript intelligence
What changed
Since the prior quarter, AST SpaceMobile reported a $403 million convertible-notes offering, a $55 million ATM draw and a new $500 million ATM facility; it also announced the planned Ligado 45 MHz mid-band spectrum acquisition, five launches over the next six to nine months, and initial service activation plans in the United States, Europe and Japan.
Guidance delta
Management maintained its outlook, including $50–75 million of second-half 2025 revenue guidance driven primarily by government milestone payments and early commercial gateway installations.
Key takeaways
- Management is targeting five orbital launches over the next six to nine months and a six-satellite-per-month cadence by Q4 2025.
- The company highlighted $874.5 million of cash, new financing facilities, and a 45 MHz mid-band spectrum acquisition from Ligado.
- Commercial and government opportunities are progressing through mobile-operator partnerships, gateway bookings, and a potential DIU contract.
Management priorities
- Increase satellite production and launch cadence.
- Activate initial SpaceMobile service in the United States, Europe and Japan.
- Complete the Ligado spectrum transaction and expand gateway infrastructure.
- Secure non-dilutive financing and advance government and commercial contracts.
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Estimate
Beat
Miss
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Analyst 52W Price Targets
$50.97Current
$12.9Low
$66.69Average
$108High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| B. Riley Securities | Neutral | Buy | Downgrade | Oct 2, 2026 |
| UBS | Neutral | Neutral | Maintain | Aug 11, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Aug 11, 2026 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Aug 11, 2026 |
| Scotiabank | Sector Perform | Sector Underperform | Upgrade | Jul 29, 2026 |
| Deutsche Bank | Hold | Buy | Downgrade | May 29, 2026 |
| Barclays | Underweight | Underweight | Maintain | Apr 9, 2026 |
| Clear Street | Buy | Buy | Maintain | Nov 12, 2025 |
Named analyst price targets
Upside is calculated against the persisted current price $50.96. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| B.Riley Financial | Mike Crawford | $65 | $57.04 | +27.5% | Oct 2, 2026 |
| Berenberg Bank | Analyst unavailable | $92 | $55.8 | +80.5% | Sep 2, 2026 |
| Deutsche Bank | Analyst unavailable | $93 | $74.2 | +82.5% | Aug 12, 2026 |
| UBS | Analyst unavailable | $78 | $68.49 | +53.0% | Aug 11, 2026 |
| Piper Sandler | Analyst unavailable | $98 | $68.76 | +92.3% | Aug 11, 2026 |
| Cantor Fitzgerald | Colin Canfield | $90 | $68.76 | +76.6% | Aug 11, 2026 |
| Piper Sandler | Analyst unavailable | $100 | $66.31 | +96.2% | Jul 15, 2026 |
| New Street | Analyst unavailable | $106 | $110.32 | +108.0% | May 29, 2026 |
| Deutsche Bank | Analyst unavailable | $106 | $109.78 | +108.0% | May 29, 2026 |
| New Street | Analyst unavailable | $80 | $74.81 | +57.0% | May 13, 2026 |
| Roth Capital | Analyst unavailable | $108 | $71.61 | +111.9% | May 12, 2026 |
| UBS | Analyst unavailable | $80 | $71.59 | +57.0% | May 12, 2026 |
| New Street | Analyst unavailable | $115 | $85.53 | +125.6% | Apr 20, 2026 |
| Deutsche Bank | Analyst unavailable | $117 | $87.58 | +129.6% | Apr 15, 2026 |
| Deutsche Bank | Analyst unavailable | $137 | $115.77 | +168.8% | Jan 20, 2026 |
| UBS | Analyst unavailable | $137 | $115.77 | +168.8% | Jan 20, 2026 |
| Scotiabank | Analyst unavailable | $45.6 | $51.37 | -10.5% | Nov 24, 2025 |
| Scotiabank | Analyst unavailable | $42.9 | $71.47 | -15.8% | Oct 7, 2025 |
| Barclays | Analyst unavailable | $60 | $49.08 | +17.7% | Oct 1, 2025 |
| Scotiabank | Analyst unavailable | $47.9 | $33.8 | -6.0% | Mar 5, 2025 |
| Deutsche Bank | Bryan Kraft | $63 | $30.75 | +23.6% | Sep 4, 2024 |
| Scotiabank | Andres Coello | $45.9 | $31.07 | -9.9% | Aug 26, 2024 |
| Scotiabank | Andres Coello | $28 | $29.57 | -45.1% | Aug 16, 2024 |
| B.Riley Financial | Mike Crawford | $26 | $26.16 | -49.0% | Aug 15, 2024 |
| UBS | Christopher Schoell | $30 | $20.81 | -41.1% | Aug 15, 2024 |
| UBS | Chris Schoell | $13 | $8.52 | -74.5% | Jun 10, 2024 |
| Scotiabank | Andres Graham | $12.9 | $8.6 | -74.7% | May 30, 2024 |
| Scotiabank | Andres Graham | $7.4 | $2.63 | -85.5% | Apr 2, 2024 |
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Start freeCompany context
Snapshot as of publicationAST SpaceMobile, Inc. establishes and operates a satellite-based cellular broadband network designed to connect directly with standard mobile phones. Through its SpaceMobile service, it delivers mobile internet access to individuals in remote or unserved locations that lack traditional terrestrial mobile coverage, whether on land, across oceans, or during air travel. The company is situated in Midland, Texas.
Historical context
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-05-07T00:03:27.141652+00:00
- Polygon adjusted daily market bars · 2026-10-11T15:30:42.104872+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-11T15:30:42.102019+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-11. For educational purposes only; not investment advice.