Owlet (NYSE:OWLT) Posts Earnings Results, Beats Estimates By $0.29 EPS

Posted by Geri Gentry on Aug 11th, 2026

Owlet (NYSE:OWLT – Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.29, FiscalAI reports. The company had revenue of $33.90 million for the quarter, compared to analyst estimates of $31.71 million.

Here are the key takeaways from Owlet’s conference call:

Record Q2 results included revenue of $33.9 million, up 29.9% year over year, while adjusted EBITDA excluding the tariff refund reached a record $2.9 million.
Owlet360 momentum continued, with 130,000 paying subscribers, $3.2 million in subscription revenue, and Dream Sock subscription penetration rising to 36% in the U.S.; web-based checkout and point-of-purchase enrollment could improve conversion and subscription margins over time.
International revenue increased 214% year over year to $5.7 million, while U.S. sell-through excluding Prime Day rose 20%; management also expects Amazon’s FDA-clearance enforcement for vital-sign monitors to provide a longer-term competitive advantage.
Management expects Q3 revenue to decline sequentially and year over year because of aggressive competitor discounting ahead of Amazon’s August 10 deadline and a difficult comparison with last year’s product launches; broader promotional events also indicate more cautious consumer spending.
Full-year revenue guidance was reaffirmed at $118 million-$122 million, while adjusted EBITDA guidance increased to $10.75 million-$12.75 million and gross-margin guidance to 53%-55%, with the upgrades driven entirely by one-time tariff refunds rather than improved underlying expectations.

Owlet Stock Up 0.7%

Owlet stock traded up $0.04 during midday trading on Tuesday, reaching $5.46. The stock had a trading volume of 442,491 shares, compared to its average volume of 260,424. The company has a market capitalization of $158.64 million, a P/E ratio of -1.78 and a beta of 1.85. Owlet has a 12 month low of $4.19 and a 12 month high of $16.94. The company has a fifty day moving average price of $5.36 and a two-hundred day moving average price of $6.86. The company has a current ratio of 1.71, a quick ratio of 1.33 and a debt-to-equity ratio of 0.09.

Institutional Investors Weigh In On Owlet

Several institutional investors have recently bought and sold shares of OWLT. Occudo Quantitative Strategies LP bought a new position in shares of Owlet during the 4th quarter worth approximately $276,000. Millennium Management LLC bought a new position in Owlet in the 4th quarter worth about $591,000. Engineers Gate Manager LP bought a new stake in Owlet during the 4th quarter worth approximately $246,000. Bridgeway Capital Management LLC grew its position in Owlet by 182.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 63,678 shares of the company’s stock worth $1,031,000 after buying an additional 41,115 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Owlet during the 4th quarter valued at about $283,000. Institutional investors own 72.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on OWLT shares. Wall Street Zen raised Owlet from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 10th. TD Cowen reiterated a “buy” rating and issued a $10.00 price target (down from $13.00) on shares of Owlet in a research report on Monday, June 22nd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Owlet in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.00.

Check Out Our Latest Stock Report on OWLT

About Owlet

(Get Free Report)

Owlet Baby Care, Inc is a consumer health technology company specializing in the design and manufacture of smart baby monitoring products. The company’s flagship device, the Owlet Smart Sock, is a wearable monitor that tracks a newborn’s heart rate and oxygen saturation levels and transmits real-time data to a mobile app. Owlet has since expanded its product suite to include the Owlet Cam, an HD video monitor with audio and motion alerts, and the Dream Sock, a non-wearable device that collects sleep metrics to help parents understand and improve their baby’s rest patterns.

Founded in 2013 by engineer and father Kurt Workman, Owlet is headquartered in Lehi, Utah.