Ondas (ONDS)
NASDAQ:ONDS
Earnings Data
Report Date
May 18, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.15Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a broadly positive strategic and financial narrative: rapid top-line growth, significant margin improvement, a very strong pro forma cash position (> $1.5B), ambitious but clearly articulated M&A-driven expansion into multi-domain ISR, and partnerships (Palantir, ONBERG) that materially enhance addressable markets. Key near-term negatives include a large noncash warrant revaluation causing GAAP losses and volatility, continued negative adjusted EBITDA, elevated near-term OpEx and integration risk from several acquisitions, and some timing uncertainty in Ondas Networks commercial rollouts. On balance, management emphasizes accretive deals, a large backlog and a clear path to profitability, which outweigh the accounting-driven and execution risks in the near term.Company Guidance
Strong Revenue Growth (FY2025)
Generated $50.7 million in revenue for 2025, up 605% versus $7.2 million in 2024, and at the high end of prior guidance.
Outstanding Q4 Momentum
Q4 revenue of $30.1 million, up 629% year-over-year and nearly 200% sequentially from Q3; organic revenue growth of 63% year-over-year driven by Ondas Autonomous Systems deliveries.
Substantially Improved Gross Margins
Q4 gross profit $12.7 million with a 42% gross margin (vs. 21% prior year and 26% in Q3); full-year gross margin improved to 40% from 5% in 2024, reflecting favorable mix and scale.
Very Strong Liquidity and Capital Position
Ended the year with $594 million in cash (from $30 million prior year) and a pro forma cash balance of over $1.5 billion after January financing, providing significant financial flexibility.
Aggressive, Accretive M&A Program
Announced 5 strategic Q1 2026 acquisitions (Rotron, Mistral, BIRD, INDO Earth, World View); deploying ~ $550 million of capital across these deals expected to generate ~ $230 million of revenue in 2026.
Raised 2026 Revenue Guidance
Increasing 2026 revenue outlook to at least $375 million (more than doubling the January Investor Day target); Q1 2026 revenue expected $38–$40 million.
Strategic Partnerships and International Expansion
Formed ONBERG joint venture with Heidelberg (Ondas holds 51%) for European localization and go-to-market; partnership with Palantir to integrate software/AI into a multi-domain ISR platform; acquired World View to add stratospheric persistent sensing.
Path to Profitability Outlined
Management expects product companies to reach positive EBITDA in Q3 2026, OAS positive EBITDA in Q3 2027, and Ondas Inc. positive EBITDA in Q1 2028, with potential to accelerate timelines as scale is realized.
ONDS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ONDS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 23, 2026 | $10.06 | $10.90 | +8.35% |
Nov 13, 2025 | $5.51 | $6.56 | +19.06% |
Aug 12, 2025 | $3.43 | $4.29 | +25.07% |
May 15, 2025 | $0.88 | $0.86 | -2.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ondas (ONDS) report earnings?
Ondas (ONDS) is schdueled to report earning on May 18, 2026, Before Open (Confirmed).
What is Ondas (ONDS) earnings time?
Ondas (ONDS) earnings time is at May 18, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ONDS EPS forecast?
ONDS EPS forecast for the fiscal quarter 2026 (Q1) is -0.05.
