Ondas Stock Falls on Wider-Than-Expected Q2 Loss

Ondas Holdings shares fell sharply on Thursday, August 13, 2026, after the drone and counter-UAS company reported second-quarter results that featured record revenue but a wider-than-expected loss. The stock opened at $8.98 and traded as low as $9 intraday, down more than 8% from its previous close of $9.77, breaking a recent upward momentum that had seen shares gain about 40% over the past month.

The company posted quarterly revenue of $83.8 million, a 1,236% increase from $6.3 million in the same period last year and a 67% sequential rise from $50.1 million in the first quarter. The figure significantly beat the Wall Street consensus estimate of approximately $68 million. However, Ondas reported an adjusted EBITDA loss of $50.6 million, which was substantially larger than the analyst projection of a $31.6 million loss. On a per-share basis, the adjusted loss was $0.19, missing the consensus estimate of $0.10.

Despite the earnings miss, Ondas management raised its full-year 2026 revenue guidance to a range of $525 million to $550 million, up from a previous target of at least $390 million. The midpoint of the new guidance, $537.5 million, exceeds the prior analyst consensus of...