
ONDS heads into Q3 earnings with surging orders, aggressive acquisitions and a strong revenue outlook, but rising expenses and execution risks remain concerns.
Ondas Holdings Inc. designs, develops, manufactures, sells, and supports the FullMAX software-defined radio (SDR) platform in the United States and internationally. The company is headquartered in Nantucket, Massachusetts.
| Revenue (TTM) | $174.10M |
| Gross Profit (TTM) | $76.12M |
| EBITDA | $-180.56M |
| Operating Margin | -166.30% |
| Return on Equity | 19.30% |
| Return on Assets | -8.37% |
| Revenue/Share (TTM) | $0.44 |
| Book Value | $2.96 |
| Price-to-Book | 1.68 |
| Price-to-Sales (TTM) | 17.84 |
| EV/Revenue | 7.24 |
| EV/EBITDA | 7.49 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | 1235.00% |
| Shares Outstanding | $582.30M |
| Float | $533.40M |
| % Insiders | 1.77% |
| % Institutions | 58.62% |
Volatility is currently expanding

ONDS heads into Q3 earnings with surging orders, aggressive acquisitions and a strong revenue outlook, but rising expenses and execution risks remain concerns.

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.

ONDS is targeting a growing U.S. counter-drone security market as FEMA expands $500 million in funding, creating new opportunities for its integrated C-UAS portfolio.

Tom Yeung here with your Sunday Digest . In 2024, the second-best-performing stock in the S&P 500 wasn't a chipmaker or an artificial intelligence firm.

Ondas Inc. remains a buy as revenue guidance is raised to $525-550m, despite a 28% stock decline and dilution concerns. Q3 revenue targets are well-covered by backlog and recent acquisitions, but Q4 faces timing and execution risks, not demand issues. Cost pressures peaked in Q2 but are expected to moderate; narrowing losses in Q3 would support break-even expectations by Q4 2026.

ONDS and DPRO are expanding their defense drone businesses, but differences in order momentum, revenues and profitability risks make one stock stand out.

The fixed-price package enables state and local law enforcement agencies to extend passive Cyber-over-RF detection coverage while supporting affordable funding and mission sustainment HUNTSVILLE, Alabama, Oct. 29, 2026 /PRNewswire/ -- Sentrycs, an Ondas Inc. (Nasdaq: ONDS) company specializing in Cyber-over-RF counter-drone technology, today announced a $99,000 firm-fixed-price offering for its portable Sentrycs Ranger (formerly Scout) system, including three years of maintenance. Configured for detection, tracking, identification and mitigation (DTIM), the offering is designed to help state and local agencies expand airspace awareness against unlawful drones, distribute capabilities across more operational teams and plan long-term support costs as FEMA opens its next round of Counter-Unmanned Aircraft Systems (C-UAS) grant funding.

The S&P 500 recently sat just 2.5% below its all-time high. Look past the index, though, and the picture gets uglier.

ONDS' EASA certification for its AMPS missile protection system boosts its airborne defense prospects, while acquisitions and strong orders fuel growth potential.

ONDS and Palantir launch Regna AI to deliver sovereign AI solutions for defense and enterprise missions, advancing autonomous operations and data control.
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