AST SpaceMobile (NASDAQ: ASTS) is scheduled to report Q1 2026 earnings on May 11, 2026 after market close, per the company's prior announcement and confirmed by MarketBeat. The Zacks consensus estimate for Q1 revenue is $38.24 million with a projected loss of $0.23 per share. The earnings call follows the April 19, 2026 loss of BlueBird 7, which was placed into an off-nominal orbit by Blue Origin's New Glenn NG-3 mission and subsequently deorbited; AST said the satellite was insured for $30 million and that the fault lay with the launch vehicle. The FAA classified the New Glenn NG-3 outcome as a mishap, grounding New Glenn pending an anomaly investigation under FAA oversight, per GeekWire. AST has since confirmed it is moving its next three-satellite launch to a SpaceX Falcon 9, targeting mid-June 2026, while maintaining its stated goal of approximately 45 satellites in orbit by year-end.

The Q1 print will be the first formal financial disclosure since the BlueBird 7 loss and the New Glenn grounding, making the company's updated launch cadence guidance and any insurance recovery timeline the primary institutional focus points. AST's stated target of 45 satellites by year-end now depends heavily on Falcon 9 availability and the pace of the FAA's New Glenn investigation, since Deutsche Bank estimated that most of the planned 2026 launches were originally allocated to New Glenn. The FAA mishap classification imposes a mandatory corrective-action process before New Glenn can return to flight, with no public timeline established. AST's production status through BlueBird 32 and the expected shipment of BlueBirds 8–10 within 30 days of the April 19 statement provide some buffer, but the launch vehicle dependency remains the critical path constraint.