Unusual Machines (NYSE:UMAC) stock is soaring 22% to $33.24 midday Friday, leading a scattered rally in domestic drone names.
ONDS' Q2 revenues jump more than 13-fold to $83.8 million, while losses widen and the 2026 revenue outlook rises to $525-$550 million.
ONDS raises its 2026 revenue target to $525-$550M, citing broad demand as it works to convert a $757M backlog and reach adjusted EBITDA profitability sooner.
ONDS enters the second half of 2026 with a $757 million backlog, strong order momentum and several major programs set to ramp.
Ondas NASDAQ: ONDS reported record second-quarter revenue of approximately $83.8 million, up 67% sequentially and more than 13 times the level reported a year earlier, as the company expanded deliveries across its autonomous defense and security portfolio.
As the afternoon buzz subsides and we swing into late-afternoon trading, let's take a quick look at a few of the biggest trends circling Wall Street right now: Defense Stock Slides Despite Outlook Hike Despite hiking its 2026 revenue outlook, Ondas Inc (NASDAQ:ONDS) is sliding this afternoon, after the defense tech name shared an adjusted EBITDA loss of $50.6 million.
Shares of Ondas Holdings (NASDAQ:ONDS) are down 8% at midday Thursday after the drone and counter-UAS company reported second quarter results before the open.
Ondas Holdings Inc. (ONDS) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to a loss of $0.08 per share a year ago.
ONDS wins a multi-million-dollar Israeli defense tender for tactical attack drones, expanding its autonomous defense platform and global opportunity.
Ondas stock continued its strong rally this week, reaching its highest level since June 8 as the company received a new order from Israel. It has now jumped by over 70% from its lowest point this year.
ONDS heads into Q2 earnings with surging revenue expectations, a growing defense pipeline and M&A-driven scale, but integration and profit risks linger.
ONDS has secured a more than $50 million U.S. Army LUS order under Mistral's $982 million IDIQ contract, extending production visibility and its defense footprint.