Shares in autonomous aerial and ground robot intelligence group Ondas (ONDS) soared 18% today as it hailed record Q1 results on booming drones demand and its AI partnership with Palantir (PLTR).
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Trade ONDS with leverageRaises Revenue Forecasts
The group said revenues came in at $50.1 million for the period, representing a ten-fold increase year-over-year from $4.3 million driven by demand for unmanned and autonomous systems in these times of increased global volatility. It was also well above analyst expectations of $39.36 million.
It also raised its full-year 2026 revenue target to at least $390 million, representing an approximately 670% year-over-year increase.
“We are operating in an environment of powerful demand tailwinds, particularly across counter-UAS and defense robotics markets. Our counter-drone platforms, led by Sentrycs and Iron Drone, are seeing strong global demand as customers respond to evolving security threats and heightened global tensions,” said Eric Brock, Chairman and CEO of Ondas. “With strong financial resources, a rapidly expanding platform, and increasing global demand, we are seeing record levels of backlog and visibility, supporting meaningful upside to our prior expectations.”
Gross profit was $24.7 million for the three months ended March 31, 2026, compared to $12.7 million for the three months ended December 31, 2025.
Unique Palantir Partnership
He added that its recent acquisitions of Mistral and World View are “materially accelerating our go-to-market capabilities, particularly in the United States. Mistral brings a highly strategic position as a prime contractor, including participation in a $982 million program with the U.S. Army for loitering munitions, providing meaningful long-term visibility into our growth outlook.”
Brock also praised its “unique and symbiotic” partnership with AI group Palantir in helping to boost defense and homeland security. “By leveraging Palantir’s AIP platform, we are enhancing the scalability of our global operating platform and integrating our capabilities across air, ground, and now stratospheric domains into unified, AI-driven systems,” he said.
Is ONDS a Good Stock to Buy Now?
On TipRanks, ONDS has a Strong Buy consensus based on 7 Buy ratings. Its highest price target is $25. ONDS stock’s consensus price target is $20.14, implying a 104.91% upside.
