Quarterly ResultAug 13, 2026, 08:32 AM
Ondas Posts Record Q2 Revenue $83.8M; Raises Full-Year Outlook
AI Summary
Ondas Inc. reported record financial and operating results for the second quarter of 2026, with revenue reaching $83.8 million, a 67% sequential increase and a thirteen-fold year-over-year growth. The company secured $175 million in new orders during Q2 and an additional $105 million in Q3 to date, boosting its pro forma backlog to $757 million. Ondas raised its full-year 2026 revenue target to $525 - $550 million and pulled forward Adjusted EBITDA profitability timelines, despite reporting a net loss of $89.7 million and an Adjusted EBITDA loss of $50.6 million due to strategic investments and non-cash expenses.
Key Highlights
- Record Q2 2026 revenue of $83.8 million, up 67% QoQ and 13-fold YoY.
- Raised full-year 2026 revenue target to $525 - $550 million.
- Reported pro forma backlog of approximately $757 million as of June 30, 2026.
- Captured $175 million in new orders during Q2 2026 and $105 million in Q3 2026 to date.
- Ended Q2 2026 with $1.4 billion in cash, cash equivalents, and short-term investments.
- Adjusted EBITDA profitability expected by Q4 2026 for operating platform and Q4 2027 company-wide.
- Net loss was $89.7 million and Adjusted EBITDA loss was $50.6 million for Q2 2026.
- Acquired DZYNE and Cyberhawk in Q3 2026, expanding technology and customer base.
Price Impact
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