
Drone and defense-tech stocks are bouncing back after a post-election decline, and Ondas Holdings (NASDAQ:ONDS) is leading the rebound with fresh contract news and an earnings report ahead. Ondas stock is at $5.19, up 15% in afternoon trading.
AeroVironment, Inc. designs, develops, produces, supports and operates a portfolio of products and services for government agencies and businesses. The company is headquartered in Arlington, Virginia.
| Revenue (TTM) | $2.00B |
| Gross Profit (TTM) | $530.12M |
| EBITDA | $218.81M |
| Operating Margin | -2.27% |
| Return on Equity | -4.60% |
| Return on Assets | -0.13% |
| Revenue/Share (TTM) | $40.20 |
| Book Value | $86.82 |
| Price-to-Book | 1.18 |
| Price-to-Sales (TTM) | 2.86 |
| EV/Revenue | 2.726 |
| EV/EBITDA | 69.62 |
| Quarterly Earnings Growth (YoY) | 175.70% |
| Quarterly Revenue Growth (YoY) | 5.70% |
| Shares Outstanding | $50.82M |
| Float | $38.07M |
| % Insiders | 0.90% |
| % Institutions | 88.97% |
Volatility is currently expanding

Drone and defense-tech stocks are bouncing back after a post-election decline, and Ondas Holdings (NASDAQ:ONDS) is leading the rebound with fresh contract news and an earnings report ahead. Ondas stock is at $5.19, up 15% in afternoon trading.

A sector-wide retreat from high-beta drone and defense-tech stocks has caught Ondas (NASDAQ:ONDS), even as the company's revenue keeps growing. Ondas stock is down 38% over the past month to $4.58.

Here are four defense stocks that are expected to post an earnings beat this reporting cycle.

The U.S. Department of Defense is investing $70 billion in drone funding for fiscal year 2027. AeroVironment stock has plummeted 70% after the U.S. Space Force canceled a $1.7 billion contract.

ARLINGTON, Va., Nov. 02, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced today that AeroVironment, Inc. (“AV”) (Nasdaq: AVAV) has selected the company to provide rugged integration expertise for the U.S. Army's Enduring-High Energy Laser (E-HEL) production program.

Drone defense stocks are among the hardest-hit corners of a risk-off market. Unusual Machines (NYSEAMERICAN:UMAC) stock trades at $15.27, down 12% on the day.

The Undercovered Dozen highlights 12 lesser-covered stocks with actionable investment theses and recent catalysts. Featured companies include i-80 Gold, Hercules Capital, and Aya Gold & Silver, each rated Buy or Strong Buy for unique growth or yield drivers. Several stocks, such as Corning and AeroVironment, are rated Hold, with valuation and risk concerns tempering bullish sentiment despite recent price declines.

Drone stocks are rallying unevenly, with the smallest and most volatile names capturing the bulk of the gains while the sector's larger player lags behind. Red Cat Holdings (NASDAQ:RCAT) stock is at $4.

Drone stocks have left many investors underwater. The REX Drone ETF NASDAQ: DRNZ is down approximately 23% this year.

AVAV partners with NIOA Australia to explore local production, co-production and sustainment of one-way attack systems, potentially expanding its regional defense footprint.
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