Ondas (ONDS) Stock Surges 9% Following Strategic Defense Acquisition

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2026-05-26 22:32:02

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Ondas Holdings saw its stock price leap 9.7% to $9.88 after Needham reaffirmed a Buy rating and $23 target, citing the $196.6 million acquisition of Israeli AI-defense firm Omnisys as transformative. The deal positions Ondas in high-margin defense software, with Omnisys projected to contribute $30M–$40M in revenue by 2026 and over $100M cumulatively through 2027.

First-quarter 2026 revenue skyrocketed 1,079% year-over-year, prompting the company to raise its full-year outlook above $390 million. Pro forma backlog now stands at $457 million, with analyst targets ranging from $23 to $25. Omnisys' profitable AI platform, already deployed in missile defense systems, marks a strategic pivot toward defense-sector growth.

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