ASTS
AST SpaceMobile, Inc.
ASTS offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
HLIT
Harmonic Inc.
HLIT has the edge over ASTS overall, supported by lower modeled downside.
ASTS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
ASTS's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
HLIT Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Stable | |
| Strong |
HLIT's balance sheet is currently strong, and its cash flow is stable, but its revenue and profitability are under pressure.
ASTS PE Valuation
ASTS has no meaningful PE right now: it lost money over the past year.
HLIT PE Valuation
HLIT has no meaningful PE right now: it lost money over the past year.
ASTS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect ASTS's losses to grow, with revenue growing. However, they disagree widely on these estimates.
HLIT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for HLIT, with profitability improving.
ASTS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.15 | -$0.91 |
| Q2 2026 | -$2.16 | -$0.27 |
| Q1 2026 | -$1.80 | +$0.19 |
| Q4 2025 | -$1.34 | +$0.61 |
| Q3 2025 | -$1.24 | +$0.88 |
| Q2 2025 | -$1.89 | -$0.64 |
| Q1 2025 | -$1.99 | -$1.01 |
| Q4 2022 | -$0.58 | -$0.21 |
ASTS has the edge over HLIT on earnings, with more consistent year-over-year improvement.
HLIT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.82 | — |
| Q3 2026 | -$0.30 | -171% |
| Q2 2026 | -$0.41 | -169% |
| Q1 2026 | -$0.36 | -180% |
| Q4 2025 | -$0.38 | -215% |
| Q3 2025 | $0.42 | -43% |
| Q2 2025 | $0.59 | +20% |
| Q1 2025 | $0.45 | -26% |
| Q4 2024 | $0.33 | -54% |
HLIT has swung to a loss: it lost $0.30 per share over the past year, after a profit the year before.
ASTS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $42.3M | +187% |
| Q2 2026 | $31.5M | +2627% |
| Q1 2026 | $14.7M | +1952% |
| Q4 2025 | $54.3M | +2731% |
| Q3 2025 | $14.7M | +1240% |
| Q2 2025 | $1.2M | +28% |
| Q1 2025 | $718K | +44% |
| Q3 2022 | $4.2M | +70% |
ASTS has the edge over HLIT on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -415% | +694 points |
| Q2 2026 | -948% | +10744 points |
| Q1 2026 | -1686% | +7083 points |
| Q4 2025 | -175% | +2446 points |
| Q3 2025 | -1109% | +4850 points |
| Q2 2025 | -11692% | -4693 points |
| Q1 2025 | -8769% | +2331 points |
| Q4 2024 | -2621% | N/A |
ASTS's operating margin was −415% last quarter, up 694 points from the same quarter a year ago.
HLIT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $148.8M | +4.5% |
| Q2 2026 | $133.5M | -3.3% |
| Q1 2026 | $121.7M | -8.6% |
| Q4 2025 | $98.2M | -56% |
| Q3 2025 | $142.4M | -27% |
| Q2 2025 | $138M | -0.5% |
| Q1 2025 | $133.1M | +9.1% |
| Q4 2024 | $222.2M | +33% |
HLIT's revenue has slid since its 2024 peak: $149M last quarter, up 4.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 18% | +11 points |
| Q2 2026 | 18% | +15 points |
| Q1 2026 | 17% | +9.2 points |
| Q4 2025 | 3.8% | -20 points |
| Q3 2025 | 6.9% | -11 points |
| Q2 2025 | 2.8% | +14 points |
| Q1 2025 | 7.6% | +15 points |
| Q4 2024 | 24% | +18 points |
HLIT has the edge over ASTS on profitability, with a higher operating margin.
ASTS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$464.2M | -$161.4M |
| Q2 2026 | -$694.8M | -$341.1M |
| Q1 2026 | -$309.7M | -$160.7M |
| Q4 2025 | -$330.7M | -$220.3M |
| Q3 2025 | -$302.9M | -$239.1M |
| Q2 2025 | -$353.6M | -$315.3M |
| Q1 2025 | -$149M | -$61.3M |
| Q4 2024 | -$110.5M | -$63.2M |
ASTS has burned cash in almost every quarter: −$1.8B over the past year, against −$916M the year before.
HLIT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $47.4M | +125% |
| Q2 2026 | -$59.6M | -$44.1M |
| Q1 2026 | $30.3M | -63% |
| Q4 2025 | $9.6M | -79% |
| Q3 2025 | $21M | +267% |
| Q2 2025 | -$15.5M | +$8.6M |
| Q1 2025 | $81.7M | +228% |
| Q4 2024 | $46.2M | +1204% |
HLIT has the edge over ASTS on cash generation, producing positive trailing cash flow while its opponent burns cash.
ASTS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +1.1M shares |
| 1 year | +10% | +27.3M shares |
| 3 years | +235% | +211M shares |
| 5 years | +480% | +248M shares |
| Available history | +944% | +271M shares |
ASTS has 300M diluted shares, up 10% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
HLIT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +577K shares |
| 1 year | -2.7% | -3.1M shares |
| 3 years | -1.6% | -1.8M shares |
| 5 years | +3.6% | +3.8M shares |
| Available history | +13% | +12.8M shares |
HLIT has the edge over ASTS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $3.6M |
| Q2 2026 | $1,000 |
| Q1 2026 | $43M |
| Q4 2025 | $13.3M |
| Q3 2025 | $15.7M |
| Q2 2025 | $14M |
| Q1 2025 | $36.1M |
| Q4 2024 | — |
HLIT spent $60M buying back its own shares over the past year, down 9% from the year before.
ASTS Net Leverage
ASTS's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
HLIT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.3x | Net Cash |
| Q2 2026 | -1.8x | Net Cash |
| Q1 2026 | 0.1x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | -0.2x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.4x | Net Cash |
| Q4 2024 | 0.1x | Very low |
HLIT has more cash than debt.
ASTS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.1 | Neutral |
| Stochastic | 11.9 | Oversold |
ASTS's weekly RSI is 34 (neutral) and its Stochastic is 12 (oversold).
HLIT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.4 | Neutral |
| Stochastic | 13.5 | Oversold |
HLIT's weekly RSI is 44 (neutral) and its Stochastic is 14 (oversold).
ASTS PE vs Technology Sector
ASTS has no meaningful PE right now: it lost money over the past year.
HLIT PE vs Technology Sector
| Metric | HLIT | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
HLIT has no meaningful PE right now: it lost money over the past year.
ASTS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $44.9 | 23% below |
| 20 week MA | $57.1 | 40% below |
| 50 week MA | $75.5 | 54% below |
| 100 week MA | $57.8 | 40% below |
| 200 week MA | $33.6 | 2.8% above |
ASTS has the edge over HLIT on trend strength, trading above more of its moving averages.
HLIT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.5 | 0.5% below |
| 20 week MA | $11.6 | 9.8% below |
| 50 week MA | $11.3 | 7.6% below |
| 100 week MA | $10.7 | 1.9% below |
| 200 week MA | $11.8 | 11% below |
HLIT is in a downtrend: it's below all five of its weekly moving averages, and 11% below its 200-week average.
ASTS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.87 | $13.4 | +36% |
| 2021 | $13.4 | $8.71 | -35% |
| 2022 | $8.71 | $3.97 | -54% |
| 2023 | $3.97 | $6.03 | +52% |
| 2024 | $6.03 | $22.9 | +280% |
| 2025 | $22.9 | $72.0 | +214% |
| 2026 YTD | $72.0 | $34.5 | -52% |
ASTS's yearly returns have swung widely, from +280% in 2024 to −54% in 2022. It's down 52% so far in 2026.
HLIT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.64 | $7.19 | -5.9% |
| 2021 | $7.19 | $11.7 | +63% |
| 2022 | $11.7 | $13.0 | +11% |
| 2023 | $13.0 | $13.0 | +0.3% |
| 2024 | $13.0 | $13.5 | +3.1% |
| 2025 | $13.5 | $9.96 | -26% |
| 2026 YTD | $9.96 | $10.5 | +5.1% |
HLIT has the edge over ASTS on returns for 2026, with the stronger performance.