Ondas (ONDS) Stock Drops 5% Despite 1,236% Revenue Jump in Q2
TLDR
- Ondas stock fell around 4-5% in premarket trading Thursday after Q2 results
- Revenue hit a record $83.8 million, up 1,236% year-over-year, beating estimates of $68 million
- Adjusted EBITDA loss widened to $50.6 million, well above the expected $31.6 million loss
- Full-year 2026 revenue guidance raised to $525-$550 million from at least $390 million
- Backlog stands at approximately $757 million, up from $68.3 million at end of 2025
Ondas Holdings posted record second-quarter revenue of $83.8 million, a 1,236% jump from $6.3 million a year ago. That blew past Wall Streetโs estimate of around $68 million. The stock still dropped roughly 4-5% in premarket trading Thursday, hitting $9.36.
The reason for the drop comes down to losses. Ondas reported an adjusted EBITDA loss of $50.6 million for the quarter. Analysts had expected a loss of $31.6 million. That is a big miss.
On a per-share basis, the adjusted loss came in at $0.19, versus the $0.10 analysts had penciled in.
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