Ondas Inc tops Q4 revenue estimates on OAS platform adoption, raises sales outlook

Ondas

23/03/2026 12:09

Overview

Autonomous systems provider's Q4 revenue grew sharply, beating analyst expectations

Company's revenue growth driven by OAS platform adoption and recent acquisitions

Ondas strengthened balance sheet with $594.4 mln cash at year-end and $960 mln raised in January

Outlook

Ondas raises 2026 revenue target to at least $375 mln, more than doubling prior outlook

Company targets Q1 2026 revenue of $38-$40 mln, up 820% year-over-year

Ondas expects Adjusted EBITDA losses to increase in Q1, but sees margins improving through 2026

Result Drivers

OAS PLATFORM ADOPTION - Revenue growth driven by increased shipments of OAS products and services, including Iron Drone and Optimus, and strong customer adoption

ACQUISITIONS - Strategic acquisitions in the second half of 2025 materially expanded capabilities and contributed to revenue and gross margin growth

EXPANDING BACKLOG - Rapidly growing backlog and new customer wins provided clear visibility into continued revenue growth

Company press release: ID:nACS1WSwza

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$30.10 mln
$27.82 mln (8 Analysts)

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.)