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Ondas’ Hidden Inflection: Revenue Jumps 13x As Backlog Surges 66%!

Ondas Inc. reported record second-quarter revenue of approximately $83.8 million, reflecting a growth of over 13 times compared to the same period in the previous year and a 67% sequential increase from the first quarter of 2026. This growth was driven by strong organic expansion—about 85% pro forma year-over-year growth assuming the full-year ownership of its current portfolio—and bolstered by recent acquisitions, particularly DZYNE and Cyberhawk. The company’s pro forma backlog stood at $757 million at the end of June 2026, marking a 66% sequential increase and supported by more than $100 million in new orders in the third quarter to date. Ondas anticipates full-year 2026 revenue of $525 million to $550 million, with the second half expected to demonstrate significant revenue and gross profit acceleration. The company continues to execute its Core + Strategic Growth plan aimed at integrating its acquired assets into a unified global platform.