Ondas (NASDAQ:ONDS) Trading Up 26.5% on Better-Than-Expected Earnings

Key Points

• Ondas shares jumped 26.5% after the company reported better-than-expected quarterly results, with the stock trading as high as $11.73 on heavy volume.
• The company posted EPS of $0.85 versus expectations of a $0.03 loss and reported revenue of $50.12 million, well above the $39.36 million analysts had projected.
• Management also raised its 2026 revenue forecast to at least $390 million, citing strong demand, acquisitions, and growth in unmanned and autonomous systems, though profitability remains challenged by negative margins.

Shares of Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) were up 26.5% on Thursday following a better than expected earnings announcement. The company traded as high as $11.73 and last traded at $11.21. Approximately 240,830,075 shares were traded during trading, an increase of 187% from the average daily volume of 83,840,859 shares. The stock had previously closed at $8.86.

The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.88. The company had revenue of $50.12 million for the quarter, compared to analyst estimates of $39.36 million. Ondas had a negative net margin of 270.37% and a negative return on equity of 53.14%.

Key Headlines Impacting Ondas

Here are the key news stories impacting Ondas this week:

• Positive Sentiment: Ondas reported record Q1 2026 revenue of $50.1 million, far above expectations, and said the result topped the high end of guidance by a wide margin. Ondas Inc. (ONDS) Q1 2026 Earnings Call Transcript
• Positive Sentiment: The company raised its 2026 revenue forecast to at least $390 million, implying rapid growth driven by acquisitions, organic demand, and global interest in unmanned and autonomous systems. Ondas Reports Record First Quarter 2026 Financial Results: Raises Full Year 2026 Revenue Forecast to $390 Million
• Positive Sentiment: Backlog jumped to $457 million, and Ondas said its product businesses were adjusted EBITDA positive ahead of schedule, reinforcing the case for improving operating leverage. Ondas Reports Record First Quarter 2026 Financial Results: Raises Full Year 2026 Revenue Forecast to $390 Million
• Positive Sentiment: Sentiment was also boosted by reports of heavy options activity, rising institutional interest, and coverage highlighting Ondas’ partnership with Palantir and recent acquisitions as growth catalysts. Ondas stock soars on 11x revenue growth, but the red flags are hard to ignore
• Neutral Sentiment: Despite the strong growth story, the company still carries negative margins and negative return on equity, which may temper enthusiasm for investors focused on profitability. Ondas Inc. (ONDS) Q1 2026 Earnings Call Transcript

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ONDS shares. LADENBURG THALM/SH SH upgraded shares of Ondas to a "strong-buy" rating in a report on Wednesday, May 6th. Zacks Research lowered shares of Ondas from a "hold" rating to a "strong sell" rating in a report on Friday, March 27th. Wall Street Zen lowered shares of Ondas from a "hold" rating to a "sell" rating in a report on Saturday, March 28th. Weiss Ratings upgraded shares of Ondas from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, April 21st. Finally, Northland Securities increased their target price on shares of Ondas from $16.00 to $18.00 and gave the stock an "outperform" rating in a report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.25.

Institutional Investors Weigh In On Ondas

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Ondas by 39.9% during the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company's stock worth $183,167,000 after acquiring an additional 5,351,725 shares during the period. Van ECK Associates Corp acquired a new stake in shares of Ondas during the fourth quarter worth $71,202,000. State Street Corp raised its holdings in shares of Ondas by 130.2% during the fourth quarter. State Street Corp now owns 5,162,151 shares of the company's stock worth $50,383,000 after acquiring an additional 2,920,071 shares during the period. Two Sigma Investments LP raised its holdings in shares of Ondas by 1,325.9% during the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company's stock worth $35,267,000 after acquiring an additional 4,247,859 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Ondas by 22.3% during the fourth quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company's stock worth $41,558,000 after acquiring an additional 774,862 shares during the period. 37.73% of the stock is currently owned by institutional investors and hedge funds.

Ondas Trading Up 26.5%

The firm has a market cap of $5.49 billion, a P/E ratio of -16.73 and a beta of 2.56. The business's 50-day moving average is $9.88 and its two-hundred day moving average is $9.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 4.68.

Ondas Company Profile

Ondas Holdings, Inc NASDAQ: ONDS develops secure private wireless networking solutions and unmanned aircraft systems tailored to mission-critical industrial applications. Its Ondas Networks division offers the proprietary FullMAX platform, a long-range, high-bandwidth broadband network designed to support real-time data transmission, remote monitoring and IoT deployments across rail, maritime and infrastructure environments. The broadband platform integrates edge-to-cloud architecture to ensure operational resilience and regulatory compliance for transportation and utility operators.

The company's Ondas Autonomous Systems segment builds heavy-lift cargo drones and uncrewed aircraft platforms for logistics, pipeline and infrastructure inspection, emergency response and other government and commercial use cases.

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