Ondas
Builds autonomous defense systems and private wireless networks for government and industrial customers.
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Profile
Sells autonomous aerial, ground, counter-UAS and ISR systems through Ondas Autonomous Systems, alongside FullMAX private wireless networks through Ondas Networks. Its portfolio has expanded through acquisitions, while Ondas Capital remains a non-material business unit.
Combines Ondas Autonomous Systems (OAS) with Ondas Networks. OAS brings together autonomous aerial systems, counter-UAS platforms, tactical ground robotics, high-altitude ISR and autonomous-defense capabilities for defense and security missions.
Ondas Networks supplies the FullMAX software-defined private-wireless platform to rail, utilities, oil and gas, transportation and government users with mission-critical IoT needs. The business serves government and industrial customers, and Ondas Capital was not material in the latest fiscal-year segment results.
Recent acquisitions added World View's stratospheric sensing and DZYNE's multi-domain ISR, counter-UAS, autonomous effects, aerial security, precision strike, autonomous logistics and AI-enabled mission orchestration.
Company facts
Categories
Key statistics
Year to date −28.2% · Average volume (30d) 87.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 14, 2026 | Oppenheimer | Reiterate | Outperform | $16 | $18 |
| Jul 7, 2026 | Needham | Reiterate | Buy | $12 | $19 |
| Mar 26, 2026 | Northland Securities | Target | $16 | $18 | |
| Mar 26, 2026 | Maxim Group | Target | $1.50 | $22 | |
| Mar 10, 2026 | H.C. Wainwright | Target | $25 | $17 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | −$0.09 | −$0.19 | −111.1% | $68.0M | $83.8M | +23.2% | −8.80% |
| May 14, 2026Q1 FY26 | −$0.03 | −$0.12 | −300.0% | $39.4M | $50.1M | +27.3% | −5.26% |
| Mar 23, 2026Q4 FY25 | −$0.06 | −$0.39 | −550.0% | $27.8M | $30.1M | +8.2% | −2.02% |
| Nov 13, 2025Q3 FY25 | −$0.04 | −$0.06 | −54.6% | $7.0M | $10.1M | +43.6% | +9.45% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $4.2M | $6.3M | $10.1M | $30.1M | $50.1M | $83.8M | |
| Gross profit | $1.5M | $3.3M | $2.6M | $12.7M | $24.7M | $36.1M | |
| Operating income | −$10.3M | −$9.2M | −$15.5M | −$23.3M | −$42.7M | −$162.9M | |
| Net income | −$14.1M | −$10.8M | −$7.5M | −$99.7M | $362.9M | −$88.2M | |
| Diluted EPS | −$0.15 | −$0.08 | −$0.03 | −$0.27 | $0.56 | −$0.19 | |
| Gross margin | 35.0% | 53.1% | 25.8% | 42.3% | 49.2% | 43.1% | |
| Operating margin | -242.7% | -147.4% | -153.5% | -77.4% | -85.1% | -194.5% |
Fiscal years (4-quarter sums)FY21 $2.9M · FY22 $2.1M · FY23 $15.7M · FY24 $7.2M · FY25 $50.7M
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.38B · Total debt $6.4M · Total assets $2.99B · Shareholders' equity $1.57B
Dividends
No dividends on record.
Ownership
Shares outstanding 569.84M · Float 463.47M · 81.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 38.13M | 7.20% | 13G | Jul 29, 2026 |
| Laurence E. Hirsch | 32.69M | 5.70% | 13G | Jul 6, 2026 |
| Vanguard Capital Management | 25.61M | 5.16% | 13G | Jul 31, 2026 |
| State Street Corp | 15.58M | 2.73% | 13F | Aug 7, 2026 |
| Geode Capital Management, LLC | 12.72M | 2.23% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | Richard M. Cohen | director | −7,500 | $8.96 |
| Jun 2, 2026 | Eric A. Brock | director, officer: Chairman, CEO and President | −2,378,245 | $13.43 |
| May 19, 2026 | Randy Seidl | director | −10,000 | $9.83 |
| May 20, 2026 | Richard M. Cohen | director | −7,500 | $9.50 |
| Dec 31, 2025 | Eric A. Brock | director, officer: Chairman, CEO and President | −475,000 | $9.71 |
Peers
- AeroVironment
Autonomous systems and layered counter-UAS for defense missions
- Kratos Defense & Security Solutions
Tactical unmanned aircraft and counter-UAS for defense customers
- Red Cat
Small ISR drones and robotics for defense and security operations
- Aviat Networks
Private-network access and wireless transport for utilities and government
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ondas | $7.93 | +0.19% | $4.50B | 119.3 | — | 25.9 | +1,235.4% |
| AeroVironment | $148.44 | +0.40% | $7.49B | — | 45.5 | 3.8 | +133.3% |
| Kratos Defense & Security Solutions | $52.02 | +0.02% | $9.75B | 305.2 | 54.5 | 6.4 | +30.5% |
| Red Cat | $8.51 | +0.18% | $1.29B | — | — | 20.3 | +1,138.9% |
| Aviat Networks | $20.00 | −0.45% | $258.8M | 103.9 | 6.8 | 0.6 | +7.3% |
| Median | 204.5 | 45.5 | 5.1 | +81.9% |






