Ondas (ONDS) Gross Margin (2016 - 2026)
Ondas' (ONDS) quarterly Gross Margin came in at 49.2% in Q1 2026, up 1417.0% year-on-year from 3.24% in Q1 2025, and up 16.36% quarter-over-quarter from 42.28% in Q4 2025.
Ondas (ONDS) Gross Margin (2016 - 2026) Analysis & Trends
Ondas has disclosed Gross Margin across 11 years of filings, most recently posting 49.2% for Q1 2026.
- Gross Margin for Q1 2026 came in at 49.2%, up 1417.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 44.85% (up 2425.0% YoY), and the FY2025 annual result was 39.73%, up 3493.0% from the prior year.
- Gross Margin came in at 49.2% for Q1 2026 at Ondas, up from 42.28% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 63.16% in Q3 2022 to a low of 63.2% in Q1 2024.
- The 5-year median for Gross Margin is 35.03% (2025), against an average of 29.42%.
- Across the five-year window, Gross Margin sank 10275 bps in 2024 and soared 9822 bps in 2025, its largest moves.
- Ondas' Gross Margin stood at 56.13% in 2022, then plunged by 38 bps to 34.82% in 2023, then sank by 39 bps to 21.39% in 2024, then jumped by 98 bps to 42.28% in 2025, then advanced by 16 bps to 49.2% in 2026.
- The last three Gross Margin figures came in at 49.2% (Q1 2026), 42.28% (Q4 2025), and 25.79% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 480.96 Bn | 464.32 Bn | 10.08 Bn | 63.63% |
| 2 | Ciena | 69.17 Bn | 67.87 Bn | 625.52 Mn | 43.83% |
| 3 | Motorola Solutions | 68.03 Bn | 67.17 Bn | 1.36 Bn | 50.18% |
| 4 | Hewlett Packard Enterprise | 65.63 Bn | 60.79 Bn | 8.25 Bn | 88.72% |
| 5 | Lumentum Holdings | 61.32 Bn | 58.15 Bn | 357.00 Mn | 44.16% |
| 6 | Ubiquiti | 34.34 Bn | 33.97 Bn | 370.71 Mn | 47.03% |
| 7 | AST SpaceMobile | 27.21 Bn | 27.79 Bn | -69.36 Mn | -470.73% |
| 8 | Applied Optoelectronics | 13.45 Bn | 13.01 Bn | 43.92 Mn | 29.06% |
| 9 | Zebra Technologies | 11.38 Bn | 11.26 Bn | 742.00 Mn | 49.63% |
| 10 | Ondas | 4.64 Mn | -1.90 Bn | 24.66 Mn | 49.20% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 49.20% |
| Dec 31, 2025 | 42.28% |
| Sep 30, 2025 | 25.79% |
| Jun 30, 2025 | 53.11% |
| Mar 31, 2025 | 35.03% |
| Dec 31, 2024 | 21.39% |
| Sep 30, 2024 | 3.21% |
| Jun 30, 2024 | -19.93% |
| Mar 31, 2024 | -63.20% |
| Dec 31, 2023 | 34.82% |
| Sep 30, 2023 | 20.82% |
| Jun 30, 2023 | 56.17% |
| Mar 31, 2023 | 39.56% |
| Dec 31, 2022 | 56.13% |
| Sep 30, 2022 | 63.16% |
| Jun 30, 2022 | 52.73% |
| Mar 31, 2022 | 29.81% |
| Dec 31, 2021 | 29.07% |
| Sep 30, 2021 | 4.80% |
| Jun 30, 2021 | 34.57% |