Ondas Holdings Inc. (ONDS) - Stock Analysis

Last updated: Sep 5, 2026

Research Idea

Research content for general circulation. Not individualized advice. Methodology & Disclosures

Defense drone momentum name with strong order/guidance catalysts: Q2 2026 revenue reached a record $83.8M, FY2026 revenue guidance was raised to $525M-$550M, Q2 orders were $175M with another $105M in Q3 to date, and acquisitions closed on 2026-07-06 and 2026-08-10 add scale.

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Idea window: 8/17/2026 – 8/24/2026Sector: Technology

AI Analyst Overview

Last Price
$7.23
Market Cap
$4.12B
1D Return
-0.28%
YTD Return
-25.92%

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Valuation Metrics

P/E
75.2
P/B
2.3
P/S
23.7
EV/EBITDA
70.6
Div Yield
—

Fundamental Analysis

4.0

Key Financial Insights: • Revenue Growth • Persistent Losses • Strong Liquidity ONDS is growing rapidly with improved margins and strong liquidity, but severe losses, cash burn, dilution, and an expensive valuation keep execution risk high.

Growth
CashBurn

Price Behavior

4.0

Key Price Behavior Insights: • Last-month downtrend • $7.60 hold zone • $7.04 breakdown risk Support Level: $7.04 Resistance Level: $8.25 ONDS remains in a last-month downtrend, but holding above $7.60 could support a rebound toward $8.25, while a break below $7.04 risks renewed selling.

Bearish
Watchlist

Sentiment & News

5.0

Key News Insights: • Record Revenue • Defense Backlog • Dilution Risk Ondas' record revenue, surging backlog and defense wins bolster growth prospects, but widening losses, dilution and integration risks may sustain share volatility.

Growth
ExecutionRisk
AI

AI Summary

5.0
Neutral

Ondas has evolved into a high-upside defense-platform roll-up with substantial backlog and liquidity, but the investment hinges on proving that its heavily back-end-loaded revenue guidance converts into profitable cash flow before acquisition integration costs, cash burn, and rapid dilution erode per-share value. Investors should treat upcoming quarterly backlog conversion, EBITDA improvement, and share-count discipline—not new order announcements—as the decisive validation points.

DefenseGrowth
DilutionRisk
BacklogConversion
AI summary updated 6 days ago

Description

Ondas Holdings, through its Ondas Networks and American Robotics units, provides private wireless connectivity, unmanned aircraft systems and automated data solutions. The company develops and supports the FullMAX software-defined radio platform for industrial wide-area broadband networks and supplies drone systems with associated base stations and analytics software for field data capture and processing. Its customers include rail, energy, mining, agriculture and other critical infrastructure operators in the U.S. and abroad, and the firm is headquartered in Waltham, Massachusetts.

Idea History

DateCloseTickerCompanySummaryStatusP/L
Aug 17Aug 24ONDSOndas Holdings Inc.
Defense drone momentum name with strong order/guidance catalysts: Q2 2026 revenue reached a record $83.8M, FY2026 revenue guidance was raised to $525M-$550M, Q2 orders were $175M with another $105M in Q3 to date, and acquisitions closed on 2026-07-06 and 2026-08-10 add scale.
Closed-8.4%
Aug 7Aug 14ONDSOndas Holdings Inc.
Ondas has dense near-term catalyst flow from defense and drone contracts, including more than $70M of orders cited by 2026-07-22 and another over $50M U.S. Army order on 2026-08-05; 2026 revenue guidance was raised and the stock rose about 24% over 21 trading days.
Closed+1.4%
Mar 23Mar 30ONDSOndas Holdings Inc.
Ondas just raised FY2026 revenue guidance to at least $375M (up from $170–180M) on March 23, 2026 after contract wins and a ~$960M January financing, and launches of a 2x single‑stock ETF (ONDL) plus strong contract/backlog news position the stock for event‑driven upside over the next few weeks, albeit with high volatility and execution risk.
Closed-25.2%
Mar 5Mar 12ONDSOndas Holdings Inc.
Backlog >$65M and a string of recent multi‑million defense/industrial drone orders, plus a sizable financing that leaves ~$1.5B pro‑forma cash, set up a strong contract‑driven growth story; the stock is testing resistance near 11.4 with improving fundamentals, making a breakout above that level a potentially powerful short‑term trade despite execution risk.
Closed-1.5%
Nov 25Dec 2ONDSOndas Holdings Inc.
Ondas Holdings (ONDS) displays a compelling short-term growth story driven by a sixfold YoY Q3 revenue surge, strong backlog growth, multiple acquisitions with expanding defense contracts, strong liquidity, and technical breakout above upper Bollinger Band indicating strong bullish momentum.
Closed-4.4%
Research content for educational purposes only. Not investment advice. All decisions are your responsibility.