The last major Android Wear update was announced back in April and only just about a week ago started to arrive to the Moto 360 devices. BUt another version update could be on its way.
According to Derek Ross, Google has another update in the pipeline, and it’s scheduled to be released on July 28th.
There isn’t any information about what the update will include, but it doesn’t seem likely that it will be any kind of massive overhaul. Rather than introducing a major new version each year, Android Wear seems to be getting much more interative updates.
Probably more information about this could arrive soon.