NEW YORK, August 9, 2026, 11:07 a.m. EDT
- Ondas closed Friday at $9.11, rising 4.2% during the session and advancing 21.6% over the week.
- The firm will announce its second-quarter earnings before markets open on Thursday. Early projections suggest revenue around $68 million with a per-share loss of $0.10.
- Reaching the $525 million annual target suggests quarterly revenue of about $203.5 million in the second half. That figure is approximately triple the preliminary second-quarter estimate.
Ondas Inc. NASDAQ:ONDS approaches Thursday’s earnings following a 21.6% share increase over the past week. The operational challenge remains. Achieving its revenue goal through recent acquisitions depends on a substantial acceleration in the second half.
With a preliminary estimate for Q2 revenue close to $68 million, total sales for the first half would be around $118 million. To reach the $525 million full-year goal, the company would need approximately $407 million in revenue during the second half. That amounts to about $203.5 million per quarter, which is nearly triple the anticipated Q2 level.
U.S. cash markets did not open on Sunday. Nasdaq’s standard trading hours will continue on Monday, and Ondas is scheduled to release results on Thursday at 8:30 a.m. EDT, ahead of the opening bell.
Ondas finished Friday at $9.11, rising 4.2%, with 72.9 million shares traded. The gains this week also spread to other stocks in the autonomous-defense sector.
| Security | July 31 close | August 7 close | Weekly change |
|---|---|---|---|
| Ondas Inc. NASDAQ:ONDS | $7.49 | $9.11 | up 21.6% |
| AeroVironment Inc. NASDAQ:AVAV | $149.37 | $186.73 | gained 25.0% |
| Kratos Defense & Security Solutions Inc. NASDAQ:KTOS | $46.60 | $60.77 | rose 30.4% |
| Red Cat Holdings Inc. NASDAQ:RCAT | $7.53 | $9.21 | increased 22.3% |
Weekly shifts based on closing prices from July 31 and August 7.
The comparison is significant. Ondas performed similarly to Red Cat but trailed behind Kratos and AeroVironment, indicating that some of the movement was due to broader sector momentum.
Company news continued to lend support. Friday’s decision by the Jacksonville Jaguars saw Sentrycs expand its presence to professional-stadium security. No financial terms for the contract were revealed.
Previously, Ondas reported receiving an Army contract worth over $50 million, alongside an Air Force research award exceeding $6 million. “Our focus now is on execution,” Chief Executive Eric Brock stated following the Army contract. Ondas Inc.
| Announcement date | Customer or programme | Disclosed value | Investor read-through |
|---|---|---|---|
| August 5 | U.S. Army lethal unmanned systems | More than $50 million | Builds on a production programme with cumulative awards topping $240 million |
| August 6 | Air Force Research Laboratory Grasshopper development | More than $6 million | Allocated to the development phase but not to large-scale production |
| August 7 | Jacksonville Jaguars counter-drone protection | Undisclosed | Provides Sentrycs with an additional reference in non-military security |
The awards vary in both schedule and quality. The Army order increases production transparency. The research contract pushes technology forward, while the Jaguars agreement expands Ondas’ range of commercial validation.
The earnings bridge highlights the reason guidance will take precedence during Thursday’s call.
| 2026 revenue bridge | Amount |
|---|---|
| Q1 revenue announced | $50.1 million |
| Q2 preliminary figure applied | $68.0 million |
| First-half revenue, implied | $118.1 million |
| Most recent company goal | At least $525.0 million |
| Second-half revenue needed | At least $406.9 million |
| H2 quarterly average needed | At least $203.5 million |
| Quarterly rate needed vs Q2 preliminary | About 3.0 times |
The Q2 number is an initial estimate. The $525 million goal is considered directly aligned with the reported revenue for this calculation. Management could present an alternative acquisition or pro-forma reconciliation on Thursday.
The target increased from $390 million following Ondas’ acquisition of DZYNE in July. The figure factors in both DZYNE and Omnisys while omitting the anticipated Cyberhawk addition. DZYNE had been projected to deliver $191 million in revenue for 2026 and achieve positive EBITDA.
The acquisition of DZYNE involved significant equity as part of the deal. Ondas issued approximately 85 million shares, providing the seller group with an estimated 13.8% ownership stake. This emphasizes that per-share growth, rather than just revenue, takes on added significance.
Analysts continue to express optimism, even as the stock trades significantly under their target levels.
| Analyst measure | Current | Three months ago |
|---|---|---|
| Buy recommendations | 9 | 8 |
| Hold recommendations | 0 | 1 |
| Sell recommendations | 0 | 0 |
| Consensus | Buy | Buy |
| Average price target | $19.81 | — |
| Target range | $16 to $25 | — |
| Implied upside from $9.11 | 117.5% | — |
Thursday’s main metrics include revenue, adjusted EBITDA, and backlog conversion. The company’s management had earlier indicated that adjusted EBITDA losses in Q2 were expected to reach their highest point, with better financial results anticipated as both revenue and gross profit increase in the back half of the year.
Liquidity remains a key metric. Ondas reported $1.48 billion in cash, restricted cash, and short-term investments as of March 31. This amount was recorded before the subsequent acquisitions, which included $200 million in cash used to purchase DZYNE.
Risks: Contract wins could materialise at a gradual pace, and fluctuations in product mix may lead to significant changes in margins. Acquisitions carry both integration and dilution risks. A cut to the $525 million goal could challenge the stock’s recent gains.
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