Ondas Raises 2026 Guidance to $525M–$550M, Wins Israel Defense Forces Drone Contract
ONDS has more than doubled off its 52-week low of $3.2.
Summary
Ondas raised its full-year 2026 revenue guidance to $525M–$550M, up from prior expectations, and reported a backlog of approximately $757M, a massive jump from $68.3M. The company also won a contract with the Israel Defense Forces to develop low-cost drones under the Digital Bat program, covering air platform, autonomy, and software. Management expects sequential Q3 adjusted EBITDA improvement and targets profitability by end-2027. This follows a series of acquisitions (Omnisys, Cyberhawk, DZYNE, High Point UAS) and record Q2 revenue of $83.8M reported on August 13. The raised guidance and new defense contract signal accelerating demand and a path toward profitability, though operating losses remain wide.
At the time of this announcement, ONDS was trading at $9.05 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.1B. The 52-week trading range was $3.20 to $15.28. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.