Ondas Inc. raised its full-year 2026 revenue target to $525-$550 million from at least $525 million, after second-quarter revenues of $83.8 million beat the Zacks Consensus Estimate by 25.1%. The company's reported backlog reached approximately $613 million as of June 30, and pro forma backlog rose to $757 million including DZYNE and Cyberhawk. Management expects third-quarter revenues of $140-$155 million, implying about 76% sequential growth, and targets operating-platform adjusted EBITDA profitability by the fourth quarter of 2026. However, second-quarter operating expenses hit $199.1 million and adjusted EBITDA loss widened to $50.6 million, with first-half operating cash outflows totaling $137.4 million. Ondas captured $175 million of new orders in the second quarter and another $105 million quarter-to-date, with a two-year strategic program pipeline exceeding $11 billion.
Ondas Holdings Inc.Ondas raised 2026 revenue outlook and reported strong backlog and new orders.
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