ONDS · NASDAQ · Communication Equipment

Ondas

Builds autonomous defense systems and private wireless networks for government and industrial customers.

$7.93
After-hours close+0.02 (+0.19%)
At close$7.92(−9.54%)
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Profile

Ondas Holdings Inc.ONDSInformation Technology

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

CEOEric A. Brock
ListedDec 4, 2020
ExchangeNASDAQ
HeadquartersWest Palm Beach, FL
CountryUnited States
Employees495
CIK0001646188
ISINUS68236H2040

Key statistics

Market cap$4.50B
EPS (ttm)$0.0662
P/E (ttm)119.34
ROE18.8%
P/B2.52
P/S25.86
Dividend yield
Beta3.52vs XLK 1.46

Year to date −28.2% · Average volume (30d) 87.6M

Analysts

Price target, next 12 months$18.00+127.8%Median of 8 analysts · vs the Aug 28 close
ConsensusBuy8 of 8 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionRatingPrior targetTarget
Aug 14, 2026OppenheimerReiterateOutperform$16$18
Jul 7, 2026NeedhamReiterateBuy$12$19
Mar 26, 2026Northland SecuritiesTarget$16$18
Mar 26, 2026Maxim GroupTarget$1.50$22
Mar 10, 2026H.C. WainwrightTarget$25$17

Earnings

EPS

Estimate−$0.09
ReportedDue Nov 12, 2026

Revenue

Estimate$148.3M
ReportedDue Nov 12, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext 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%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 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 margin35.0%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

Israel$37.5M · 45%
Europe$19.4M · 23%
North America$17.3M · 21%
Africa$4.3M · 5%
Asia$2.6M · 3%
United ARAB Emirates$1.5M · 2%
Other Countries Member$1.3M · 2%

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

Institutions 50.36%286.97M sharesInsiders 0.98%5.60M sharesOther 48.66%277.27M shares

Shares outstanding 569.84M · Float 463.47M · 81.3% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
BlackRock, Inc.38.13M7.20%13GJul 29, 2026
Laurence E. Hirsch32.69M5.70%13GJul 6, 2026
Vanguard Capital Management25.61M5.16%13GJul 31, 2026
State Street Corp15.58M2.73%13FAug 7, 2026
Geode Capital Management, LLC12.72M2.23%13FAug 12, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 18, 2026Richard M. Cohendirector−7,500$8.96
Jun 2, 2026Eric A. Brockdirector, officer: Chairman, CEO and President−2,378,245$13.43
May 19, 2026Randy Seidldirector−10,000$9.83
May 20, 2026Richard M. Cohendirector−7,500$9.50
Dec 31, 2025Eric A. Brockdirector, officer: Chairman, CEO and President−475,000$9.71
View details

Peers

CompareAfter-hours close

CompanyPriceChange
Ondas$7.93+0.19%$4.50B119.325.9+1,235.4%
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Aviat Networks$20.00−0.45%$258.8M103.96.80.6+7.3%
Median204.545.55.1+81.9%