Ondas led with substantial revenue and backlog growth that significantly outpaced prior targets, driving a +26.5% stock reaction as the market rewarded its rapid scaling and early achievement of product-level profitability.

• Q1 2026 revenue reached $50.1 million, a tenfold increase year-over-year and over 25% above the high end of prior guidance.
• Revenue growth was broad-based, led by counter-drone and defense-related products, notably the Centrix cyber over RF platform and Iron Drone interceptor systems.
• Product-level EBITDA profitability was achieved approximately two quarters ahead of schedule, signaling operational progress.
• Backlog surged past $450 million following acquisitions, providing strong visibility into 2026 and beyond.
• The balance sheet remains robust with roughly $1.4 billion in cash and short-term investments, supporting continued strategic investments and growth initiatives.