Filing Flows › Ondas (ONDS) › Q2 2026
Ondas (ONDS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
Ondas (ONDS) reported revenue of $83.8M for the second quarter 2026 (Q2 2026), up 13-fold from a year earlier and +67% from the quarter before. Operating margin was -194.5%, net loss $89.7M (107.1% of revenue).
Ondas, Q2 2026: revenue $83.8M (13× year over year), operating margin -194.5%, net loss $89.7M, operating cash flow −$86.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $83.8M | +67% | 13× |
| Operating profit | −$163M | — | — |
| Net earnings | −$89.7M | -125% | — |
| Operating cash flow | −$86.1M | — | — |
What changed
Revenue was $83.8M in Q2 2026, up 1235% year over year and up 67% from the previous quarter. Product Revenue was the largest line at 52% of revenue. Product Revenue added $39.8M year over year (up 1105%), 51% of the total change.
Gross margin was 43.1%, down 10.0 points from Q2 2025. Operating costs exceeded revenue by $162.9M, an operating margin of -194.5%. Operating expenses grew 1482% against revenue growth of 1235%. The fastest-growing cost line was General & admin (+2006%). The quarter ended with a net loss of $89.7M, after a profit of $361.2M the previous quarter. Minority interests bore $1.3M of it: to shareholders the quarter was a loss of $88.4M. Non-operating items added $44.2M, -37% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$86.1M. Non-cash charges added back $934K of depreciation and amortization and $69.1M of share-based compensation. Working capital and other items used $66.4M. Capital expenditures of $7.8M exceeded it, leaving free cash flow of −$93.8M.
Questions
What was Ondas' revenue in the second quarter 2026?
Ondas (ONDS) reported revenue of $83.8M for the second quarter 2026 (Q2 2026), up 13-fold from a year earlier and +67% from the quarter before.
Was Ondas profitable in the second quarter 2026?
Operating loss was $163M (-194.5% of revenue) and net loss $89.7M.
Source: Ondas 10-Q on SEC EDGAR.