AST SpaceMobile Q2 rev $31.5M, backlog $1.3B, raises $1.15B convertible, reaffirms FY26 guide

AST SpaceMobile, Inc.

Q2 2026 revenue $31.5M; FY26 revenue guidance reaffirmed at $150-200M.
Revenue backlog ~$1.30B incl. USG contract awards; received >$125M in USG awards.
Raised $1.150B from 1.625% convertible notes (July 2026); pro forma cash >$3.7B; dilution <2%.
Network now 13 in-orbit spacecraft; BlueBirds 14-16 ready to ship; production through BlueBird 46.
Japan MIC prelim select Rakuten/AST JV for J-LEO up to ~$1B non-dilutive govt capital.

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