Ast Spacemobile, Inc. · NASDAQ:ASTS

Ast Spacemobile — Q1 2026 Earnings Presentation

17 slides from Ast Spacemobile's earnings presentation, May 11, 2026

  1. Slide 1: First Quarter 2026 Business Update

    FIRST QUARTER 2026 BUSINESS UPDATE May 11, 2026 NASDAQ: ASTS

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements This communication contains “forward-looking statements” that are not historical facts, and involve risks and uncertainties that could cause actual results of AST SpaceMobile to differ materially from those expected and projected. These forward-looking statements can be id

  3. Slide 3: Building the First and Only Space-Based Cellular Broadband Network

    BUILDING THE FIRST AND ONLY SPACE-BASED CELLULAR BROADBAND NETWORK 3

  4. Slide 4: Key Highlights

    KEY HIGHLIGHTS Network deployment targeting approximately 45 BlueBird On track to achieve full year 2026 revenue guidance of $150.0 satellites in orbit during 2026, supported by our manufacturing million to $200.0 million, primarily driven by mobile network cadence and agreements with multiple launc

  5. Slide 5: Network Deployment Targeting Approximately 45 BlueBird Satellites in Orbit During 2026

    NETWORK DEPLOYMENT TARGETING APPROXIMATELY 45 BLUEBIRD SATELLITES IN ORBIT DURING 2026, SUPPORTED BY OUR MANUFACTURING CADENCE AND AGREEMENTS WITH MULTIPLE LAUNCH PROVIDERS, INCLUDING BLUE ORIGIN, SPACEX, AND OTHERS BLUEBIRD 8, BLUEBIRD 9, AND BLUEBIRD 10 ORBITAL LAUNCH EXPECTED IN MID-JUNE BlueBird

  6. Slide 6: Scaling Ground Network Integration Efforts as Part of Network Deployment

    SCALING GROUND NETWORK INTEGRATION EFFORTS AS PART OF NETWORK DEPLOYMENT United States Canada United Kingdom Saudi Arabia Population: 344M Population: 39M Population: 68M Population: 38M Germany Romania Spain France Population: 83M Population: 19M Population: 47M Population: 65M Brazil Japan India O

  7. Slide 7: New Record High – Peak Data Speeds of 98.9 Mbps on Block 2 Satellite

    NEW RECORD HIGH – PEAK DATA SPEEDS OF 98.9 MBPS ON BLOCK 1 SATELLITE 98.9 Mbps 7 Speed test conducted in May 2026

  8. Slide 8: Continued Momentum of Network Deployment and Commercialization Efforts

    CONTINUED MOMENTUM OF NETWORK DEPLOYMENT AND COMMERCIALIZATION EFFORTS ACROSS PARTNER ECOSYSTEM AHEAD OF SCALED COMMERCIAL SERVICE ACTIVATION FCC grant of Supplemental Coverage from Space authorizes provision of commercial SpaceMobile Service in the United States for direct-to-device broadband conne

  9. Slide 9: On Track to Achieve Full Year 2026 Revenue Guidance of $150.0M to $200.0M

    ON TRACK TO ACHIEVE FULL YEAR 2026 REVENUE GUIDANCE OF $150.0 MILLION TO $200.0 MILLION, PRIMARILY DRIVEN BY MOBILE NETWORK PARTNERS AND THE U.S. GOVERNMENT First quarter revenue was $14.7 million, consistent with plans for quarterly revenue ramp during 2026 Approximately half of the full year 2026

  10. Slide 10: Advanced Stages of Production and Assembly Through BlueBird 33

    IN ADVANCED STAGES OF PRODUCTION AND ASSEMBLY THROUGH BLUEBIRD 33, WITH PHASED ARRAYS COMPLETED THROUGH BLUEBIRD 28 10

  11. Slide 11: Company Has the Key Assets to Build and Launch Over 100 BlueBird Satellites

    COMPANY HAS THE KEY ASSETS – INTELLECTUAL PROPERTY, PARTNERSHIPS, BALANCE SHEET CASH, ACCESS TO SHARED MNO AND MSS SPECTRUM, OVER 500,000 SQUARE FEET OF MANUFACTURING AND OPERATIONS SPACE GLOBALLY – TO BUILD AND LAUNCH OVER 100 BLUEBIRD SATELLITES TO ENABLE GLOBAL COVERAGE OF SPACEMOBILE SERVICE DED

  12. Slide 12: Ability to Deploy More Microns to Orbit, Faster and Cheaper

    ABILITY TO DEPLOY MORE MICRONS TO ORBIT, FASTER AND CHEAPER, ON LARGER ARRAYS THAN ANY SATELLITE MANUFACTURER IN HISTORY 200+ microns Used to form a phased array for one Block 2 BlueBird satellite AST’s differentiated satellite technology begins with its microns. On orbit today, growing to 10,000 mi

  13. Slide 13: Comprehensive Global Spectrum Strategy

    COMPREHENSIVE GLOBAL SPECTRUM STRATEGY WITH SHARED MNO FREQUENCIES AND CONTROLLED MSS FREQUENCIES 1,150 MHz low and mid-band tunable MNO spectrum globally 45 MHz of MSS mid band spectrum access in North America 60 MHz of AST SpaceMobile-licensed S-band spectrum priority rights globally Allocated spe

  14. Slide 14: Target of Approximately 45 Satellites in Orbit During 2026

    TARGET OF APPROXIMATELY 45 SATELLITES IN ORBIT DURING 2026 Launch # 1 2 3 4 5 6 7 8 9 10 11 12 13 Microns For Phased Array Completed         Satellite(s) Ready to Ship    Sep Dec May Satellite Completion Jun Jul Jul Aug Sep Oct Nov Dec Jan Feb 2025 2025 2026 Date 2026 2026 2026 2026 2026

  15. Slide 15: Operating and Capital Metrics

    OPERATING AND CAPITAL METRICS Adj. Operating Expenses1 Capital Expenditures3 Liquidity4 1. Non-GAAP. See appendix for a reconciliation. Adjusted operating expenses is equal to total operating expense adjusted to exclude $M $M $B $3.5 depreciation and amortization and stock based-compensation expense

  16. Slide 16: Reconciliation to Non-GAAP Measures

    RECONCILIATION TO NON-GAAP MEASURES Adj. operating expenses - 3 months ended ($ in thousands) Mar 31, ‘26 Dec 31, ‘25 Mar 31, ‘25 Cost of revenues (exclusive of items shown below) 11,649 29,413 - Engineering services costs 84,097 46,164 27,204 General and administrative costs 43,657 26,231 18,384 Re

  17. Slide 17: Slide 17

AST SpaceMobile — Q1 2026 Earnings Presentation on 6ix