Ondas beats Q1 revenue estimates, raises 2026 outlook

Ondas

14/05/2026 13:08

Overview

US autonomous systems provider's Q1 revenue rose yr/yr, beating analyst expectations

Adjusted EBITDA loss for Q1 narrowed and beat analyst expectations

Company raised full-year 2026 revenue target to at least $390 mln, citing strong backlog and demand

Outlook

Ondas raises 2026 revenue target to at least $390 mln, up 670% year-over-year

Company expects adjusted EBITDA losses to peak in Q2 2026, with improvement in H2 2026

Ondas now expects OAS adjusted EBITDA profitability by Q1 2027, earlier than prior forecast

Result Drivers

DEFENSE AND SECURITY DEMAND - Co said strong global demand for counter-UAS and defense robotics, especially in response to evolving security threats, drove revenue growth

ACQUISITIONS - Recent acquisitions, including Mistral and World View, contributed to backlog growth and expanded capabilities, supporting higher revenue

PRODUCT MIX AND SCALE - Gross profit margin improved due to increased revenue, favorable product mix, and contributions from acquired companies

Company press release: ID:nACSWzcTDa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$50.10 mln
$39.36 mln (8 Analysts)
Q1 Net Income
$361.20 mln
Q1 Adjusted EBITDA
Beat
-$10.90 mln
-$18.13 mln (8 Analysts)
Q1 Gross Profit
$24.70 mln
Q1 Operating Expenses
$67.30 mln
Q1 Operating Income
-$42.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the communications & networking peer group is "buy"

Wall Street's median 12-month price target for Ondas Inc is $19.50, about 120.1% above its May 13 closing price of $8.86

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)