ONDS, US68236H2040

Ondas secures USD 56 million order. Ondas stock sits 51.44 percent below 52-week high

Published on 10/06/2026 at 08:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citizens set a USD 14.00 target on October 5, 2026. Ondas stock costs EUR 6.66 on October 6, 2026 after EUR 6.65, plus 0.15 percent.

ONDS, US68236H2040, Illustration mit AI erstellt.

Ondas (ISIN US68236H2040) secured a USD 56.0 million order on October 5, 2026, while Ondas stock stood 51.44 percent below its Nasdaq 52-week high of USD 15.28, based on a USD 7.42 close. The order covers electronic safe and arm devices for a European loitering munition program and gives the company an early commercial test of its recently expanded precision-strike business.

Precision-strike order reaches USD 56 million

According to Ondas on October 5, 2026, the order is the first significant electronic safe and arm device contract announced since the acquisitions of GATE Technologies and Bron Technologies. Production will use Ondas operations in Poland, while GATE supplies electronic fuzing technology and Bron contributes manufacturing, certification and market access.

The commercial significance is visible against the latest operating base. Ondas generated USD 83.8 million of revenue in the second quarter of 2026, up 67.00 percent sequentially, and Zacks reported that pro forma backlog reached USD 757.0 million. The order therefore adds a concrete precision-strike contract to a business already carrying a large contracted base.

Revenue guidance raises execution stakes

Zacks said on September 7, 2026, that management lifted full-year 2026 revenue guidance to USD 525 million to USD 550 million, after previously targeting at least USD 525 million. The midpoint of the new range is USD 537.5 million, making backlog conversion, production timing and customer acceptance central to the outlook.

The second-quarter figures also show the risk in that ramp. GAAP net loss attributable to common shareholders was USD 88.6 million in the second quarter of 2026, while operating cash flow was negative USD 86.1 million for the same period. Revenue growth is substantial, but the new order must translate into deliveries without repeating the cash consumption seen in the latest quarter.

Citizens sets USD 14.00 target

According to Investing.com on October 5, 2026, Citizens initiated coverage with a Market Outperform rating and a USD 14.00 price target. The target is 88.41 percent above the Nasdaq close of USD 7.42 cited in the report, placing the analyst view alongside the new order as a test of whether acquisitions can produce repeatable defense revenue.

ONDS trades in pre-market

Ondas was trading at EUR 6.66 at Lang & Schwarz on October 6, 2026 at 8:53 a.m. CEST, plus 0.15 percent versus the prior close of EUR 6.65 on October 5, 2026. On Nasdaq, the stock closed at USD 7.42 on October 5, 2026.