Ondas Reports Record Q1 Revenue, Raises Full-Year 2026 Forecast to $390M, and Achieves Product Company Profitability

summarizeSummary

Ondas Inc. reported record Q1 2026 financial results, with revenue exceeding $50 million and a full-year 2026 forecast raised to $390 million, driven by strong organic growth and strategic acquisitions.

check_boxKey Events

• Record Q1 2026 Revenue

  Reported Q1 2026 revenue of $50.1 million, representing a 1,065% year-over-year increase and a 66% quarter-over-quarter increase, exceeding the high end of company guidance by 25%.

• Significantly Raised Full-Year 2026 Revenue Forecast

  Increased the full-year 2026 revenue target to at least $390 million, an approximate 670% year-over-year increase from 2025 results, driven by organic growth and strategic acquisitions.

• Surging Pro Forma Backlog

  Pro forma backlog reached $457 million as of March 31, 2026, a substantial increase from $68.3 million at the end of 2025, providing strong revenue visibility.

• Product Companies Achieve Early Profitability

  Product companies were adjusted EBITDA positive during Q1 2026, six months ahead of targets, with overall OAS adjusted EBITDA profitability now expected by Q1 2027 (pulled forward from Q3 2027).

auto_awesomeAnalysis

Ondas Inc. delivered exceptional first-quarter results, with revenue surging over 10-fold year-over-year and significantly beating guidance. The company dramatically raised its full-year 2026 revenue forecast to $390 million, indicating strong momentum from its strategic growth program and recent acquisitions. Operational improvements are evident as product companies achieved adjusted EBITDA positive six months ahead of schedule, and overall profitability timelines were accelerated. The substantial cash reserves of $1.48 billion provide a strong financial foundation for continued expansion and strategic initiatives.