Ast Spacemobile, Inc. · NASDAQ:ASTS
Ast Spacemobile — Q2 2026 Earnings Presentation
19 slides from Ast Spacemobile's earnings presentation, Aug 10, 2026
Slide 1: Second Quarter 2026 Business Update
Second Quarter 2026 BUSINESS UPDATE August 10, 2026 NASDAQ: ASTS
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
Slide 3: Building the First and Only Space-Based Cellular Broadband Network
BUILDING THE FIRST AND ONLY SPACE-BASED CELLULAR BROADBAND NETWORK 3
Slide 4: Key Highlights
KEY HIGHLIGHTS Signed partnerships Comprehensive spectrum Revenue backlog increased BlueBird 17 through with over 60 MNO strategy with shared to approximately $1.30 BlueBird 46 in various partners globally who MNO spectrum and billion in aggregate stages of production collectively cover controlled M
Slide 5: Additional Highlights
ADDITIONAL HIGHLIGHTS Differentiated technology platform and Preparation for space-based cellular broadband beta comprehensive spectrum strategy enables space- service in 2026 as AST SpaceMobile network based cellular broadband connectivity as well as infrastructure continues to scale many other mis
Slide 6: Technology Platform and Comprehensive Spectrum Strategy
TECHNOLOGY PLATFORM AND COMPREHENSIVE SPECTRUM STRATEGY ENABLES SPACE- BASED CELLULAR BROADBAND CONNECTIVITY AS WELL AS MANY OTHER MISSION CRITICAL APPLICATIONS Largest phased arrays ever placed into low Earth orbit means more power and bandwidth, with more precise beams for communications with smal
Slide 7: Partner-First Strategy Positions AST SpaceMobile as Direct-to-Device Partner of Choice
PARTNER-FIRST STRATEGY POSITIONS AST SPACEMOBILE AS THE DIRECT-TO-DEVICE PARTNER OF CHOICE FOR MOBILE NETWORK OPERATORS Signed partnerships with New joint-venture planned by Network integration and testing over 60 MNO partners top three U.S. MNOs expected activities now underway across globally who
Slide 8: Total Addressable Market Continues to Grow
TOTAL ADDRESSABLE MARKET (TAM) CONTINUES TO GROW WITH DIRECT-TO-DEVICE MARKET MATURITY AND ADDITIONAL APPLICATIONS Additional applications including non- communications, USG secure comms, additional funded networks, Internet of Things (IoT), federal emergency, and AI edge compute Preliminary selecti
Slide 9: Preparation for Beta Service in 2026 as Network Infrastructure Scales
PREPARATION FOR SPACE-BASED CELLULAR BROADBAND BETA SERVICE IN 2026 AS AST SPACEMOBILE NETWORK INFRASTRUCTURE CONTINUES TO SCALE NEARLY 50 GATEWAYS IN VARIOUS STAGES OF COMPLETION, INSTALLATION, Beta service initiative to offer scaled non- AND PLANNING AHEAD OF SERVICE AHEAD OF SERVICE commercial us
Slide 10: Nearly Global Gateways Across Five Continents
NEARLY 50 GLOBAL GATEWAYS ACROSS FIVE CONTINENTS IN VARIOUS STAGES OF COMPLETION, INSTALLATION, AND PLANNING AHEAD OF SERVICE 10
Slide 11: On Track to Achieve Full Year 2026 Revenue Guidance
ON TRACK TO ACHIEVE FULL YEAR 2026 REVENUE GUIDANCE OF $150.0 MILLION TO $200.0 MILLION, SUPPORTED BY ADDITIONAL CONTRACT AWARDS FROM THE U.S. GOVERNMENT Revenue backlog increased to approximately $1.30 billion in aggregate contracted revenue agreements with partners and contract awards with the Uni
Slide 12: Global Manufacturing and Operations Footprint
GLOBAL MANUFACTURING AND OPERATIONS FOOTPRINT WILL EXCEED 1 MILLION SQUARE FEET, WITH OVER 900,000 SQUARE FEET IN THE UNITED STATES ONCE COMPLETED TEXAS, SITE 1 TEXAS, SITE 3 FLORIDA BARCELONA TEXAS, SITE 2 TEXAS, SITE 4 MARYLAND EDINBURGH 12
Slide 13: In Various Stages of Production and Assembly Through BlueBird 46
IN VARIOUS STAGES OF PRODUCTION AND ASSEMBLY THROUGH BLUEBIRD 46 OVER 500,000 SQUARE FEET OF MANUFACTURING AND OPERATIONS SPACE GLOBALLY 13
Slide 14: 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 On orbit today, growing to 11,000+ microns with the successful 2,000+ microns deployment of approximate
Slide 15: 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 controlled mid band spectrum access in North America 60 MHz of AST SpaceMobile-licensed S-band spectrum priority rights globally on
Slide 16: Target of Approximately 45 Satellites in Orbit in Early 2027
TARGET OF APPROXIMATELY 45 SATELLITES IN ORBIT IN EARLY 2027 Launch # 1 2 3 4 5 6 7 8 9 10 11 12 13 Microns For Phased Array Completed Satellite(s) Ready to Ship Satellite Completion Sep Dec May Jul Aug Sep Oct Nov Dec Dec Jan Jan Feb 2025 2025 2026 2026 2026 Date 2026 20
Slide 17: Operating and Capital Metrics
OPERATING AND CAPITAL METRICS Adj. Operating Expenses1 Capital Expenditures3 Liquidity4 1. Non-GAAP. See appendix for a reconciliation. Adjusted operating 5 expenses is equal to total operating expense adjusted to exclude $M $M $B $3.5 Over depreciation and amortization, loss on involuntary conversi
Slide 18: Reconciliation to Non-GAAP Measures
RECONCILIATION TO NON-GAAP MEASURES Adj. operating expenses - 3 months ended ($ in thousands) Jun 30, ‘26 Mar 31, ‘26 Jun 30, ‘25 Cost of revenues (exclusive of items shown below) 23,567 11,649 - Engineering services costs 87,286 84,097 28,598 General and administrative costs 63,901 43,657 27,242 Re
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