Ondas Inc. (ONDS) Form 8-K — Aug 13, 2026
Ondas posted record Q2 2026 revenue of $83.8 million, up 67% sequentially from $50.1 million and more than 13-fold from $6.3 million a year earlier, and raised its full-year 2026 revenue target to $525-550 million while guiding third-quarter revenue to $140-155 million. Order momentum stayed strong, with $175 million of new orders captured in Q2 and another $105 million quarter-to-date in Q3, lifting reported backlog to approximately $613 million as of June 30, 2026 and pro forma backlog to $757 million including the DZYNE Technologies and Cyberhawk acquisitions that closed in Q3.
Key figures
- Revenue
- 83772000
- Guidance
- FY2026 revenue target raised to $525-550 million; Q3 2026 revenue expected $140-155 million; operating-platform Adjusted EBITDA+ by Q4 2026 and company-wide by Q4 2027
- Total Debt
- 6408000
- Revenue Yoy
- more than 13x YoY (85% pro forma organic)
- Total Assets
- 2993497000
- Cash Position
- 1392965000
- Shares Outstanding
- 529838610
- Revenue qoq
- 67%
- Pipeline 2yr
- $11B+
- New orders q2
- 175000000
- Revenue q1 2026
- 50122000
- Revenue q2 2025
- 6273000
- Backlog reported
- $613M as of 6/30/26
- Lus idiq ceiling
- 982000000
- Backlog pro forma
- $757M incl. DZYNE and Cyberhawk
- Gross margin gaap
- 43.1%
- Nasa idiq ceiling
- raised from $45M to $395M
- Warrant liability
- 1043740000
- Adjusted cash opex
- 93244000
- Lus orders captured
- >$240M
- Adjusted gross margin
- 50.4%
- New orders q3 to date
- 105000000
- Dilution since ye 2025
- ~39% increase in shares outstanding
- Acquisition cash used q3
- ~$325M
- Stock based compensation
- 69094000
- Shares outstanding ye 2025
- 380763481
Price after filing
Close on the filing date to close N calendar days later (from $9.74). Historical, not a forecast.
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