Ondas Q2 2026 earnings: record revenue, raised full-year outlook

Ondas reported grounds second-quarter gross of $83.8 cardinal connected Thursday, up 67% from $50.1 cardinal successful the archetypal 4th and much than 13 times the $6.3 cardinal it generated successful the 2nd 4th of 2025, the institution said.

Ondas raised its full-year 2026 gross people to a scope of $525 cardinal to $550 million, up from anterior guidance, representing a greater than 10-fold summation from 2025 results. The institution said third-quarter gross is expected to travel successful betwixt $140 cardinal and $155 million.

The West Palm Beach, Florida-based supplier of autonomous systems and defence technologies secured $175 cardinal successful caller orders during the 2nd quarter. Backlog reached astir $613 cardinal arsenic of June 30, 2026, up from $457 cardinal connected a pro forma ground astatine the extremity of the archetypal 4th and $68 cardinal astatine year-end 2025. Including the acquisitions of DZYNE Technologies and Cyberhawk, which closed successful the 3rd quarter, pro forma backlog stood astatine astir $757 million.

Gross nett was $36.1 cardinal for the quarter, compared with $3.3 cardinal successful the aforesaid play a twelvemonth earlier. Gross borderline was 43.1%, down from 53.1% a twelvemonth ago, which the institution attributed successful portion to amortization of capitalized intelligence property. Adjusted gross borderline was 50.4%.

The institution posted a nett nonaccomplishment of $89.7 cardinal for the quarter, compared with a nett nonaccomplishment of $10.8 cardinal a twelvemonth earlier. Operating expenses roseate to $199.1 cardinal from $12.6 cardinal a twelvemonth ago, driven mostly by $105.8 cardinal successful non-cash charges including $67.6 cardinal successful stock-based compensation. Adjusted EBITDA nonaccomplishment was $50.6 million, compared with a nonaccomplishment of $5.8 cardinal successful the 2nd 4th of 2025.

Ondas ended the 4th with $1.4 cardinal successful cash, currency equivalents, restricted cash, and short-term investments. The institution said it utilized astir $325 cardinal of that successful the 3rd 4th to adjacent the DZYNE and Cyberhawk acquisitions.

The institution said it present expects to scope Adjusted EBITDA profitability astatine its operating level level by the 4th fourth of 2026, and company-wide Adjusted EBITDA profitability by the 4th fourth of 2027.

"We expect to prolong this momentum and present different important gross ramp during the 2nd fractional of 2026," Ondas Chairman and Chief Executive Officer Eric Brock said successful a statement.

The institution said $105 cardinal successful further orders were captured done August 10 during the 3rd quarter.