Ondas beats Q2 revenue estimates, raises 2026 revenue target

Ondas

13/08/2026 13:12

Overview
US autonomous systems provider's Q2 revenue rose 67% sequentially, beating analyst expectations
Company raised 2026 revenue target to $525-$550 mln, citing strong backlog and acquisitions
Ondas secured $175 mln in new Q2 orders, with backlog rising to $613 mln at quarter-end

Outlook
Ondas raises full-year 2026 revenue target to $525-$550 mln
Company expects Q3 2026 revenue of $140-$155 mln
Ondas expects adjusted EBITDA profitability at the operating platform level by Q4 2026

Result Drivers
ORDER GROWTH - Co said strong order capture, including $175 mln in new Q2 orders, drove revenue and backlog growth
ACQUISITIONS - Recent acquisitions, including DZYNE and Cyberhawk, expanded technology portfolio and contributed to growth
DEFENSE DEMAND - Co cited accelerating global demand for autonomous drone, counter-UAS and robotics solutions, particularly from defense customers

Company press release: ID:nACSl9wspa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$83.80 mln
$67.97 mln (9 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the communications & networking peer group is "buy"
Wall Street's median 12-month price target for Ondas Inc is $19.00, about 94.5% above its August 12 closing price of $9.77

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)