ONDS · Ondas Inc.
$7.45
+0.21 (+2.90%)
At close · Oct 5
Return incl. dividend (before tax)
Market Cap
$4.36B
Shares
570.55M
Volume · Oct 5
36.17M
Avg daily vol (3M)
80.06M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$7.24
Open$7.28
Day$7.12–7.44
52W close$5.25–14.01
Avg vol 30d60.9M
Short int237.1M · 41.6% float · 3.9d
Short vol54%
Last earningsAug 13, 2026
DataDec 2020–Oct 2026
Filing10-Q · Aug 13
Up next
Next earnings call
Oct 18, 2026
Est · unconfirmed
· in 2 wks
filed Aug 13, 2026
call held Aug 13, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$174.10M
Trailing 12 months
Net income (TTM)
$167.06M
Trailing 12 months
Revenue growth YoY
+1,235.4%
Year over year
Operating margin
-140.4%
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
-3.9%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+234.3%
Year over year · more shares
Price change (1Y)
-21.4%
Trailing year
Short interest
41.6%
Latest settlement · 3.9 days to cover
AI Brief
Q2 FY26 earnings call · Aug 13, 2026
Q2 FY26
TL;DR. Ondas reported record Q2 2026 revenue of $83.8 million (up 13x year-over-year), raised its full-year 2026 revenue target to $525–$550 million, and pulled forward its Adjusted EBITDA profitability timeline by one quarter, with $757 million in pro forma backlog and $1.4 billion in cash providing visibility.
Bullish
- + Pulled forward Adjusted EBITDA profitability timeline by one quarter
- + Record Q2 revenue of $83.8 million with 85% pro forma organic growth
- + $175 million in Q2 orders plus $105 million Q3-to-date; strategic pipeline grew to $11 billion+
- + Strong balance sheet with $1.4 billion cash supports continued M&A and growth investments
Bearish
- − Q2 GAAP net loss of $89.7 million, with Adjusted EBITDA loss of $50.6 million
- − Gross margin expected to face pressure in second half of 2026
- − GAAP gross margin contracted to 43.1% from 49.2% sequentially and 53.1% year-over-year
- − Warrant liability of $1.04 billion creates earnings volatility
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Sell
Momentum
Very Weak
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
Very High
Market backdrop
VIX 15.5 · calm
Equity put/call 0.59
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−23%
below
Price vs 50-day avg
−9%
below
RSI (14)
43
neutral
MACD trend
Positive
52-week position
23%
mid-range
Momentum
relative strength
1-month return
−5%
trailing
6-month return
−24%
trailing
YTD return
−26%
this year
Relative strength
−36%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $8 › 200d $9 — 200d above 50d
Institutional flow
Accumulating
2 of 427 funds reported for Sep 30 · net +405 sh shares · +2 new
Insider flow
Distributing
Net -$38.3K over 90 days · 100% sells
Short interest
Rising
41.56% of float · ▲ +4.6% MoM · 3.9 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
427 holders — near 3-yr high, broad support
Squeeze score
67
elevated · 0–100
Fundamentals
Revenue growth
+605%
Y/Y
Gross margin
40%
expanding
EPS growth
−2%
Y/Y
Free cash flow
$-40.8M
Valuation
P/E 26.7
below peers
Balance sheet
$29.7M
net cash
Quant / Vol
risk profile
Volatility
112%
annualized · 1-yr
Max drawdown
−53%
past year
ATR
5.7%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Aug 13, 2026
full year 2026
Full year 2026 revenue
Initiated
$525M – $550M
prior FY $50.73M
midpoint +959.5% Y/Y
third quarter
Third quarter revenue
$140M – $155M
prior qtr $83.77M
midpoint +76.1% QoQ
exit 2026
Annualized run rate revenue
$1B
Guided vs delivered
· last 3 settled
Full year 2023 revenue target
full year 2023
guided $15M
$15.69M
Beat +4.6%
Revenue for the fourth quarter 2023
fourth quarter 2023
guided $4.2M – $4.4M
$4.96M
Beat +15.4%
Revenue
Q2 2021
guided $1.1M – $1.5M
$887,432
Miss −31.7%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−23%
Bearish
Price vs 50-day avg
−9%
Bearish
RSI (14)
43
Neutral
MACD trend
Positive
Bullish
52-week position
23%
Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $8 › 200d $9 — 200d above 50d
Institutional flow
Accumulating
2 of 427 funds reported for Sep 30 · net +405 sh shares · +2 new
Insider flow
Distributing
Net -$38.3K over 90 days · 100% sells
Short interest
Rising
41.56% of float · ▲ +4.6% MoM · 3.9 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
427 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $5
Now $7 · 23%
Range high $14
vs 200-day avg -23%
vs 50-day avg -9%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted Cash Operating Expense non-GAAP | $93.3M | Q2 2026 | — |
| Adjusted Cash Operating Expenses non-GAAP | $130.14M | Six months ended June 30, 2026 | — |
| Adjusted EBITDA non-GAAP | -$61.51M | Six months ended June 30, 2026 | — |
| Adjusted EBITDA loss non-GAAP | $50.6M | Q2 2026 | — |
| Adjusted Gross Margin non-GAAP | 50.8% | Six months ended June 30, 2026 | — |
| Adjusted Gross Profit non-GAAP | $68.07M | Six months ended June 30, 2026 | — |
| Backlog | $757M | Q2 2026 | — |
| Cash & ST Investments | $1.4B | Q2 2026 | — |
| Employees | 1,700 | Q2 2026 | — |
| Global Program Submissions | $11B | Q2 2026 | — |
| Global Sales Team | 171 | Q2 2026 | — |
| New orders captured during Q2 2026 | $175M | Q2 2026 | — |
| New orders captured to date during Q3 2026 | $105M | Q3 2026 to date | — |
| Offices & Sites | 60 | Q2 2026 | — |
| Operating Countries | 60 | Q2 2026 | — |
| Pipeline for the next 2 years | $11B | Q2 2026 | — |
| Pro forma backlog non-GAAP | $757M | as of June 30, 2026 | — |
| Reported backlog | $613M | as of June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Communication Equipment — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
ONDS
this stock
Ondas Inc.
|
$4.36B | -25.8% | +605.3% | 26.7 | 41.6% |
|
CSCO
Cisco Systems, Inc.
|
$427.06B | +45.7% | +2.8% | 32.5 | 1.5% |
|
LITE
Lumentum Holdings Inc.
|
$84.47B | +194.5% | +24.6% | — | 7.3% |
|
HPE
Hewlett Packard Enterprise Co
|
$83.55B | +188.6% | +13.8% | 32.4 | 4.2% |
|
MSI
Motorola Solutions, Inc.
|
$75.61B | +16.7% | +5.7% | 36.0 | 1.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| ONDS | -5.2% | -5.1% | -23.6% | -1.2% | -25.8% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -5.0% | -4.7% | -35.7% | -2.2% | -38.7% |