Ondas expects ‘continued strong momentum’ in 2026

The company said, “The Company expects continued strong momentum in 2026 and is raising its revenue target for 2026 to at least $375 million, which represents a nearly 7-fold increase from 2025 and is more than double its prior outlook last shared in January 2026. For the first quarter of 2026 Ondas (ONDS) is targeting revenue of $38 – $40 million, representing year-over-year growth of 820%. Growth will be led by our OAS business unit and is supported by $68.3 million in backlog and includes significant contributions from the recently announced acquired businesses. Ondas expects backlog to increase significantly during the first quarter as orders remain strong during Q1 2026 and the impact of recently announced acquisitions is included, further supporting the outlook for strong revenue growth. Revenue expectations for Ondas Networks remain modest due to the current lack of firm commitments on rail network buildout timelines. We expect Adjusted EBITDA losses to increase in Q1, given an increase in operating expenses reflecting a full quarter of investment in the Ondas and OAS operating platforms, which include a significant increase in leadership and other expenses, including marketing to support the expected rapid growth in 2026 and beyond. That said, Ondas expects Adjusted EBITDA margins to improve throughout the year and we maintain our guidance for product level profitability by Q3 2026, OAS level profitability by 3Q 2027 and company-wide profitability by Q1 2028. We view these expenses as running in front of revenue, necessary to support growth. We also view them as prudent and limited in scope in relation to the significant opportunity ahead.”

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