Communications and drone technology company Ondas (ONDS) is set to report its Q2 earnings this week on August 13 with options traders anticipating a huge share swing.
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High conviction ONDS bulls now have this Tradr ETFIts stock is down 4% in the year-to-date, but is 171% higher on a twelve-month basis. Despite continuing to win orders from the U.S. Army given the heightened importance of drones in modern warfare and even the NFL’s Jacksonville Jaguars to protect its EverBank Stadium against the technology, investors are concerned about its continued cash burn and operating losses.
Wall Street, however, continues to have a Strong Buy consensus on the stock. Meanwhile, the options market is pricing in a hefty 13.75% move, either up or down, after the earnings report.
What the Options Market Expects for ONDS Stock
According to TipRanks’ Options Tool, the options market is expecting a big move of almost 14% in either direction after the results.
ONDS has a recent history of sharp post-earnings moves, although the reactions have varied from quarter to quarter. After its most recent report on May 14, 2026, the stock rose 26.52% the day after. On November 13, 2025, it rose 19.06%. However, it rose 8% after its March 23, 2026 report.
ONDS has traded between $77.05 and $199.30 over the last 52 weeks.
The higher expected move suggests investors see this as a much bigger earnings event than usual. ONDS has traded between $3.20 and $15.28 over the past year and has a beta of 1.95 meaning it tends to move much more than the broader market.
What Investors Will Be Watching
Earnings will be a key focus this quarter. Wall Street expects ONDS to report earnings per share of minus $0.09, compared with $0.08 in the same quarter last year. That is down to continued investment in the business as it grows and to integrate new acquisitions such as Cyberhawk.
Revenues are tipped to come in at $67.97 million, up substantially from $6.27 million in the same period last year.
Is ONDS a Good Stock to Buy Now?
On TipRanks, ONDS has a Strong Buy consensus based on 8 Buy ratings. Its highest price target is $25. ONDS consensus price target is $18.75, implying a 101.40% upside. (See ONDS Stock Forecast).
