Ondas reported record second-quarter revenue of $83.8 million, up 67% from the first quarter and more than 13 times the $6.3 million it generated a year earlier. The company raised its full-year 2026 revenue target to a range of $525 million to $550 million, representing a greater than 10-fold increase from 2025 results, and expects third-quarter revenue between $140 million and $155 million. Ondas secured $175 million in new orders during the quarter, with backlog reaching approximately $613 million as of June 30, 2026, up from $457 million on a pro forma basis at the end of the first quarter and $68 million at year-end 2025; including the DZYNE Technologies and Cyberhawk acquisitions, pro forma backlog stood at approximately $757 million. The company posted a net loss of $89.7 million, compared with a net loss of $10.8 million a year earlier, while adjusted EBITDA loss was $50.6 million versus a loss of $5.8 million in the second quarter of 2025. Ondas ended the quarter with $1.4 billion in cash, cash equivalents, restricted cash, and short-term investments, and said it now expects to reach adjusted EBITDA profitability at its operating platform level by the fourth quarter of 2026 and company-wide adjusted EBITDA profitability by the fourth quarter of 2027.
Ondas Holdings Inc.Record revenue and raised guidance driven by strong order intake and backlog growth.
