Ondas Inc. reported record second quarter 2026 revenue of $83.8 million, significantly exceeding analyst expectations of $66.7 million. Despite a wider-than-expected basic net loss of $0.18 per share—impacted by $105.8 million in non-cash expenses—the company raised its full-year 2026 revenue guidance to a range of $525 million to $550 million. Performance was driven by robust organic execution and a reported backlog that expanded to $613 million by quarter-end.
Key Highlights
- Record Q2 revenue of $83.8 million represents a 13-fold year-over-year increase and 67% sequential growth from the first quarter.
- The company secured $175 million in new orders during the second quarter, with an additional $105 million captured so far in the third quarter.
- Reported backlog reached $613 million as of June 30, 2026, while pro forma backlog stands at $757 million following the close of the DZYNE and Cyberhawk acquisitions.
- Management pulled forward Adjusted EBITDA profitability timelines for the core operating platforms to the fourth quarter of 2026.