Ondas Inc. (NASDAQ:ONDS) shares are down after disclosing $30 million in new orders for its unmanned and autonomous systems portfolio.

This order momentum pushed Ondas’ Q2-to-date bookings above $110 million. It reflects strong demand and continued execution across its growth strategy.

These orders are contributing to an expanding backlog across its defense and security portfolio, including air defense and counter-UAS systems, loitering munitions and one-way attack platforms, ISR systems, UGVs, robotic defense solutions, and other mission-critical technologies.

Eric Brock, Chairman and CEO of Ondas, says this momentum “is strengthening our visibility into future growth opportunities across defense, homeland security and critical infrastructure markets.”

Strong Q1 Revenue Growth Drives Results

Last month, the autonomous systems and defense technology company posted first-quarter revenue of $50.1 million, up from $4.2 million a year earlier and ahead of analyst estimates of $39.4 million.

Revenue also exceeded the high end of company guidance by 25% and rose 66% sequentially, reflecting strong momentum across its business segments.

Ondas raised its full-year 2026 revenue outlook to more than $390 million, above analyst estimates of $377.7 million and implying roughly 670% year-over-year growth.

Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $19.83. Recent analyst moves include:

  • Needham: Buy (Maintains Target to $23.00) (May 19)
  • Northland Capital Markets: Outperform (Raises Target to $18.00) (March 26)
  • Needham: Buy (Maintains Target to $23.00) (March 25)

ONDS Technical Analysis: Bullish Trend Above Key Averages

The stock has shown remarkable performance over the past year, with a staggering 799.32% increase. Currently, Ondas Inc. is trading significantly above its moving averages: 31.4% above the 20-day simple moving average (SMA), 31.8% above the 50-day SMA, and 24.9% above the 100-day SMA, indicating strong bullish momentum.

The primary momentum indicator, MACD, is above its signal line, suggesting that downside pressure is easing, which could indicate improving momentum. This positive momentum aligns with the recent bullish cross in MACD that occurred in June 2025, further supporting the upward trend.

  • Key Resistance: $15.50 — a nearby level where rebounds can stall.
  • Key Support: $10.48 — a critical level that aligns with the 100-day SMA, which may provide a buffer against further declines.

ONDS ETF Exposure: Funds With The Biggest Weights

  • Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF): 3.77% Weight
  • SPDR S&P Telecom ETF (NYSE:XTL): 4.27% Weight
  • Defiance Drone and Modern Warfare ETF (NYSE:JEDI): 7.96% Weight

Significance: Because ONDS carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

ONDS Stock Price Activity: Ondas shares were down 2.04% at $12.95 during premarket trading on Monday, according to Benzinga Pro data.

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