Key TakeawaysASTS shares advanced approximately 3% Friday following AST SpaceMobile’s announcement of broadened satellite network testing throughout EuropeTrials are in progress with Deutsche Telekom, Orange, Telefónica, and Vodafone spanning France, Germany, Ireland, Spain, and the UKThe company also received Japanese regulatory clearance for direct-to-cell capabilities through partnership with Rakuten MobileSecond quarter earnings release scheduled for Monday, August 10; Wall Street forecasts $34.98 million in revenue, representing a 2,916% yearly increaseCurrent analyst consensus stands at “Hold” with a mean price target of $87.60, implying potential upside from present trading levelsShares of AST SpaceMobile kicked off Friday’s trading at $67.36, gaining approximately 3% in early session activity following the company’s disclosure of extended satellite network integration trials throughout European markets.AST SpaceMobile, Inc., ASTSThe equity trades significantly beneath its 50-day moving average of $76.79 and 200-day moving average of $86.31. Over the past year, shares have fluctuated between $36.08 and $133.86.Integration trials are currently active across eight European nations: the UK, Ireland, France, Germany, Spain, Romania, Czech Republic, and Ukraine. AST is collaborating with major telecom providers including Deutsche Telekom, Orange, Telefónica, and Vodafone to merge its orbital infrastructure with terrestrial mobile networks.The satellite communications firm also leverages Satellite Connect Europe, a joint venture established with Vodafone, delivering open-access direct-to-device connectivity solutions for European wireless carriers.AST emphasized that all current testing initiatives require proper regulatory authorization before commercial deployment.Earlier in the week, AST announced the commencement of direct-to-cellular services in Japan via collaboration with Rakuten Mobile. This Japanese market entry represents a significant addition to the company’s expanding global presence.“The European campaign builds on AST SpaceMobile’s growing commercial momentum worldwide,” the company said, noting it works with nearly 60 mobile network operators globally, covering over 3 billion existing subscribers.Upcoming Q2 Financial ResultsAST SpaceMobile will release its fiscal 2026 second quarter financial performance after trading concludes Monday, August 10. Analyst projections anticipate revenues reaching $34.98 million, marking a substantial 2,916% surge compared to the prior year period.Financial experts forecast an adjusted loss of $0.32 per share, improving from the $0.41 per share deficit recorded in Q2 2025.The previous quarter delivered disappointing results. AST posted a $0.66 per share loss versus analyst expectations of $0.23. Revenues totaled just $14.73 million, falling considerably short of the $39.01 million consensus estimate. This significant underperformance likely weighs on investor expectations approaching Monday’s announcement.Ongoing Satellite Constellation Build-OutFrom an operational perspective, AST successfully deployed BlueBird satellites numbered 11, 12, and 13, enhancing its low-Earth orbit network capacity. Initial beta service offerings are anticipated to commence later this calendar year.Institutional shareholders control 60.95% of outstanding ASTS shares. Castle Rock Wealth Management initiated a fresh stake comprising 16,015 shares valued at approximately $1.38 million during Q2.Regarding insider transactions, CFO Andrew Martin Johnson divested 45,809 shares at $93.81 per share in June, trimming his holdings by 8.34%. Director Julio A. Torres similarly sold 15,000 shares in May at $76.34 each. Combined, company insiders have offloaded 105,809 shares valued at roughly $9.75 million during the trailing 90-day period.Wall Street analyst opinions remain divided. Piper Sandler maintains an overweight rating with a $100 price objective. New Street Research projects a $106 target. William Blair assigns a market perform rating. Weiss Ratings maintains a sell recommendation. The overall consensus rating is “Hold” with an averaged price target of $87.60.The post AST SpaceMobile (ASTS) Gains 3% on European Expansion Ahead of Q2 Earnings appeared first on Blockonomi.