Ondas beats Q2 revenue estimates, raises 2026 revenue target
ONDS•Q2 revenue beats estimates
Ondas, a U.S. autonomous systems provider, said second-quarter revenue rose 67% sequentially and beat analyst expectations.
The company reported Q2 revenue of $83.80 million, compared with the consensus estimate of $67.97 million from nine analysts.
Analyst sentiment and price target
The current average analyst rating on the shares is buy, with 9 strong buy or buy ratings, no hold ratings and no sell or strong sell ratings.
The average consensus recommendation for the communications and networking peer group is buy.
Wall Street's median 12-month price target for Ondas Inc is $19.00, about 94.5% above its August 12 closing price of $9.77.
Order growth and acquisitions drive results
Ondas said strong order capture, including $175 million in new Q2 orders, drove revenue and backlog growth.
Backlog rose to $613 million at quarter-end.
The company said recent acquisitions, including and , expanded its technology portfolio and contributed to growth.
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