AST SpaceMobile said in a filing with the SEC that it generated third quarter 2026 revenue of $42.3 million and is advancing toward nationwide intermittent service activation in the United States and other key markets before year-end 2026.
The company reported third quarter revenue of $42.3 million from commercial and U.S. government customers, driven by gateway deliveries and government milestones met, and said it remains on target to achieve full-year revenue guidance of $150.0 million to $200.0 million.
Total operating expenses for the quarter were $211.0 million, down $118.1 million from $329.1 million in the second quarter, a decrease attributed largely to a $125.9 million loss on involuntary conversion recorded in the prior quarter. Adjusted operating expenses were $133.6 million, up $14.5 million quarter over quarter.
AST SpaceMobile disclosed cash, cash equivalents and restricted cash of approximately $3.2 billion as of September 30, 2026, along with roughly $2.6 billion in gross capitalized property and equipment costs. The company pointed to a J-LEO agreement with Japan's Ministry of Internal Affairs and Communications and partner Rakuten, which includes approximately $1.0 billion in non-dilutive funding for satellite manufacturing and launch, plus a pipeline of about $1.2 billion in additional non-dilutive U.S. quasi-governmental financing planned for 2027.
On manufacturing, the company said it is transitioning to full-scale ASIC integration starting with BlueBird 34 and expects to reach a production rate of six ASIC satellites per month in December 2026. It said BlueBirds 11, 12 and 13 are in operation in orbit, BlueBirds 14-16 shipped to Cape Canaveral in September awaiting a SpaceX launch date, and it is targeting approximately 45 BlueBird satellites in orbit by mid-2027.
The company also announced Blacklift, its own 20-ton reusable rocket using Miranda and Vira engines, intended to deploy BlueBird satellites starting in late 2028 and capable of carrying up to five satellites per launch. It said launch agreements now cover deployment of more than 100 BlueBird satellites cumulatively during 2027 and 2028, and that it secured a U.S. priority DPAS rating for a dual-use government and commercial satellite program. The company was also awarded a U.S. Space Force contract for advanced space-based sensing capabilities worth approximately $100 million, bringing its total U.S. government awards to 16.