Analyst Consensus ?
ConsensusHold8 ratings
Bullish450.0%
Neutral337.5%
Bearish112.5%
AST SpaceMobile, Inc. · ASTS · FY2025 Q3 · Calendar Q4 2025
AST SpaceMobile emphasizes commercial commitments and constellation execution
The supplied analysis supports a constructive operating thesis based on commercial commitments, partner agreements, manufacturing progress, and spectrum and network development. It does not remove the key uncertainties around launch execution, approvals, capital requirements, and commercialization timing.
Reported After market closeNASDAQCommunication Services
$23.21B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$-0.45
Consensus $-0.39
EPS surprise
-15.9%
Reported versus consensus
Reported revenue
$14.7M
Consensus $22.0M
Revenue surprise
-33.1%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-1.2%
Event window
SPY move
+0.2%
Same window
Abnormal move
-1.4%
Stock minus SPY
Volume
1.1×
Versus trailing sessions
Subsequent drift
+16.4%
Up to 20 sessions
ASTSSPY benchmark
Ask FN2 about ASTS FY2025 Q3
Transcript, numbers and history already loaded
Why did ASTS fall 1.2% after missing EPS estimates in FY2025 Q3?What changed in ASTS's guidance and outlook in FY2025 Q3?Give me the bull and bear case for ASTS after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior-quarter analysis, the current analysis adds contracted commercial commitments and highlights definitive agreements with Verizon and Saudi Telecom Group, while the build-out shifts toward commercial-service activation and ASIC integration. Spectrum expansion and partner execution remain central themes.
Guidance delta
Maintained; the supplied analysis does not identify a new guidance change.
Key takeaways
- The current analysis highlights more than $1 billion of contracted commercial revenue commitments.
- Definitive agreements with Verizon and Saudi Telecom Group support the planned commercial-service path.
- Manufacturing is described as continuing at a six-satellite-per-month cadence.
- Management said liquidity supports continued launch activity, constellation investment, and ASIC deployment.
- The principal counterweight is execution risk across launches, approvals, capital needs, and partner timing.
Management priorities
- Activate commercial service with mobile-network partners.
- Continue satellite manufacturing, launches, and gateway deployment.
- Advance ASIC integration and AI-based spectrum management.
- Expand international partnerships and pursue government contracts.
- Raise non-dilutive capital and use convertible financing as needed.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$58.45Current
$12.9Low
$64.09Average
$108High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 2, 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 |
|---|---|---|---|---|
| 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 |
| B. Riley Securities | Buy | Neutral | Upgrade | Jul 17, 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 $58.45. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Berenberg Bank | Analyst unavailable | $92 | $55.8 | +57.4% | Sep 2, 2026 |
| Deutsche Bank | Analyst unavailable | $93 | $74.2 | +59.1% | Aug 12, 2026 |
| UBS | Analyst unavailable | $78 | $68.49 | +33.4% | Aug 11, 2026 |
| Piper Sandler | Analyst unavailable | $98 | $68.76 | +67.7% | Aug 11, 2026 |
| Cantor Fitzgerald | Colin Canfield | $90 | $68.76 | +54.0% | Aug 11, 2026 |
| Piper Sandler | Analyst unavailable | $100 | $66.31 | +71.1% | Jul 15, 2026 |
| New Street | Analyst unavailable | $106 | $110.32 | +81.4% | May 29, 2026 |
| Deutsche Bank | Analyst unavailable | $106 | $109.78 | +81.4% | May 29, 2026 |
| New Street | Analyst unavailable | $80 | $74.81 | +36.9% | May 13, 2026 |
| Roth Capital | Analyst unavailable | $108 | $71.61 | +84.8% | May 12, 2026 |
| UBS | Analyst unavailable | $80 | $71.59 | +36.9% | May 12, 2026 |
| New Street | Analyst unavailable | $115 | $85.53 | +96.7% | Apr 20, 2026 |
| Deutsche Bank | Analyst unavailable | $117 | $87.58 | +100.2% | Apr 15, 2026 |
| Deutsche Bank | Analyst unavailable | $137 | $115.77 | +134.4% | Jan 20, 2026 |
| UBS | Analyst unavailable | $137 | $115.77 | +134.4% | Jan 20, 2026 |
| Scotiabank | Analyst unavailable | $45.6 | $51.37 | -22.0% | Nov 24, 2025 |
| Scotiabank | Analyst unavailable | $42.9 | $71.47 | -26.6% | Oct 7, 2025 |
| Barclays | Analyst unavailable | $60 | $49.08 | +2.7% | Oct 1, 2025 |
| Scotiabank | Analyst unavailable | $47.9 | $33.8 | -18.0% | Mar 5, 2025 |
| Deutsche Bank | Bryan Kraft | $63 | $30.75 | +7.8% | Sep 4, 2024 |
| Scotiabank | Andres Coello | $45.9 | $31.07 | -21.5% | Aug 26, 2024 |
| Scotiabank | Andres Coello | $28 | $29.57 | -52.1% | Aug 16, 2024 |
| B.Riley Financial | Mike Crawford | $26 | $26.16 | -55.5% | Aug 15, 2024 |
| UBS | Christopher Schoell | $30 | $20.81 | -48.7% | Aug 15, 2024 |
| UBS | Chris Schoell | $13 | $8.52 | -77.8% | Jun 10, 2024 |
| Scotiabank | Andres Graham | $12.9 | $8.6 | -77.9% | May 30, 2024 |
| Scotiabank | Andres Graham | $7.4 | $2.63 | -87.3% | 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
All ASTS earningsLatest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the ASTS recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-02T22:16:12.419179+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-02T22:16:12.416354+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 2026-10-02. For educational purposes only; not investment advice.