ONDAS $ONDS Q2โ26 EARNINGS HIGHLIGHTS
๐น Revenue: $83.8M (Est. $68M) ๐ข; +67% QoQ
๐น Adj. EBITDA: -$50.6M (Est. -$32M) ๐ด
๐น Adj. Gross Margin: 50.4%
FY26 Guide:
๐น Revenue: $525M-$550M (Est. $509M) ๐ข
Q3 Guide:
๐น Revenue: $140M-$155M (Est. $151M) ๐ก
Other Q2 Metrics:
๐น Backlog: $613M; $757M pro forma incl. DZYNE & Cyberhawk
๐น New Orders: $175M in Q2, plus $105M in Q3 to date
๐น Adj. Gross Profit: $42.3M
๐น Adj. Cash Opex: $93.3M; Q1 $36.9M
๐น Net Loss: -$89.7M
๐น Cash: $1.4B
Key Updates:
๐น Pulls forward Adj. EBITDA profitability: platform level by Q4 2026, company-wide by Q4 2027
๐น Lethal Unmanned Strike: $52.9M order in July
๐น Army IDIQ: $982M program, over $240M of aggregate orders captured
๐น NASA raised Stratollite IDIQ ceiling from $45M to $395M
๐น Opex included $105.8M of non-cash items, incl. $67.6M stock comp
Comments:
๐ธ โWe expect to sustain this momentum and deliver another significant revenue ramp during the second half of 2026, increasing our full-year 2026 revenue target to a range of $525 million to $550 million.โ