New York, May 31, 2026, 09:04 (EDT)
- Ondas ended Friday at $13.22, up roughly 46% for the week, which was shortened by the holiday.
- Ondas Inc. said May orders came in over $30 million, pushing second-quarter-to-date orders to more than $110 million.
- U.S. payrolls data hits June 5, setting up another look at risk appetite this week as investors keep an eye on bond yields. Equities are still feeling the pressure from higher yields.
Ondas Inc. starts the week after shares surged through four straight sessions. Investors had moved into the defense-drone stock on word of fresh orders and news of a stronger backlog, with interest up in autonomous systems.
Shares closed Friday off 0.23% at $13.22. That’s up from $9.06 a week ago. Trading was busy all week, with over 248 million shares changing hands on Thursday as the stock surged 22.7%.
Ondas is looking to shift away from its niche tech focus to become a defense and security platform player. The company said Friday it booked more than $30 million in orders in May for defense, security and autonomous tech. That puts its Q2-to-date orders at over $110 million.
Ondas said orders included air defense, C-UAS (counter-drone systems), loitering munitions, intelligence and surveillance systems, unmanned ground vehicles and other robotic defense gear. Backlog was at a pro forma $457 million after Q1, representing orders booked but not yet in revenue.
Ondas Inc. Chief Executive Eric Brock said the firm “secured over $30 million in new orders during May,” calling it “continued execution” in the company statement. Oshri Lugassy, co-CEO at Ondas Autonomous Systems, said customers now want a connected mission architecture instead of “one drone, one robot or one sensor.” Ondas Inc.
Ondas posted Q1 revenue of $50.1 million, jumping over tenfold from a year ago, and lifted its 2026 revenue goal to at least $390 million. Brock said “powerful demand tailwinds” are pushing growth in counter-UAS and defense robotics. Ondas Inc.
Capital structure was part of the story too. A May 28 SEC filing showed shareholders backing a hike in authorized common stock to 1.2 billion shares, up from 800 million. The filing also detailed a boost in the 2021 stock incentive plan share pool to 81 million from 61 million.
Main indexes finished at new highs Friday, helped by strong action in tech stocks and upbeat earnings bets. The Nasdaq rose 0.21% for the day and added 2.39% for the week. “There’s definitely euphoric sentiment in the market around AI,” Wells Fargo chief equity strategist Ohsung Kwon told Reuters. Reuters
Ondas is getting some notice, but it’s not the only one. Reuters said last week the Trump administration has been talking about putting money into U.S. drone makers. That news sent shares of several U.S.-listed drone and defense stocks up in premarket trading, with Red Cat, Kratos Defense and AeroVironment all moving higher.
But with shares up 46% this week, the rally doesn’t leave much margin for setbacks. Ondas still sees adjusted EBITDA losses staying high in the second quarter. The increased authorized-share count could also be an issue if investors worry about dilution. The stock is more vulnerable if order conversion slows, defense spending drops, or there’s a slide in high-growth names.
Investors are looking at the week ahead to see if orders will support shares when U.S. markets reopen and if macro data will affect the growth-stock rally. The May nonfarm payrolls report comes out June 5. Reuters said investors want to see if strong jobs numbers and persistent inflation will move rate expectations up.
