Ondas Holdings Inc.

Ondas Holdings Inc. Earnings Recaps

ONDS Information Technology 3 recaps
Q1 2026 May 15, 2026

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.

Key takeaways
  • 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.
Full recap
Q3 2025 Nov 14, 2025

Ondas Holdings achieved robust growth in Q3 2025, reporting over a six-fold increase in revenue year-over-year and raising its full-year outlook significantly due to strong demand for its autonomous systems.

Key takeaways
  • Revenue surged to $10.1 million, a 60% sequential increase from Q2, driven by expanding customer pipelines in autonomous systems.
  • Backlog reached $23.3 million, more than doubling year-to-date, with potential growth to over $40 million when factoring in pending acquisitions.
  • Full-year 2025 revenue target increased to at least $36 million, with a strategic goal of reaching $110 million in 2026.
  • Ondas is expanding operational infrastructure to support multiyear growth, focusing on integrated autonomy systems.
Full recap
Q2 2025 Aug 12, 2025

Ondas Holdings Inc. reported record quarterly revenue of $6.3 million in Q2 2025, marking a more than six-fold year-over-year increase and positioning the company for sustained growth driven by its autonomous drone platforms.

Key takeaways
  • Q2 revenue surged 50% sequentially, reinforcing confidence in the target of at least $25 million for the year, predominantly from Ondas Autonomous Systems (OAS).
  • Backlog grew to $22 million, up from $10 million at year-end 2024, underlining strong demand and operational execution.
  • Strategic advancements in defense and homeland security markets, highlighted by significant orders and successful pilots, enhance market presence and customer engagement.
  • The company concluded Q2 with a robust cash position of $68.6 million, following the retirement of all convertible notes, providing financial flexibility for future growth initiatives.
  • Partnerships and strategic M&A efforts are expected to further accelerate adoption of Ondas' technologies in the government and defense sectors.
Full recap