Ocean Power Technologies is expected to report Q3 2026 revenue of $5.25 million and EPS of $0.03, while the share price of $1.15 remains significantly lower than the $3.00 average analyst target. The central focus for this report is the company's ability to monetize its record-high order backlog through the deployment of its WAM-V autonomous vehicles.
Recent defense contracts and the expansion of the PowerBuoy fleet have positioned the firm for what analysts hope is its first consecutive quarter of profitability. Investors are specifically looking at the Q3 2026 analyst consensus for WAM-V revenue of $3.10 million to validate the scalability of its hardware-as-a-service strategy.