Ondas raises FY26 revenue view to at least $390M, consensus $379.05M

The company said, “The Company expects continued strong momentum in 2026 and is raising its revenue target for the full year to at least $390 million, which represents a 670% increase from 2025 results. Growth is expected to be broad based across Ondas (ONDS)’ product portfolio and is supported by $457 million in backlog. Ondas’ strategic growth program remains active, and the Company expects to execute additional acquisitions in 2026 which would result in additional revenue. The Company expects adjusted EBITDA losses to remain elevated in 2Q 2026 though this is expected to represent the likely peak in adjusted EBITDA losses with improvement throughout the year driven by increased revenues and gross profits and operational scale via leveraging of the Ondas operating platform across its broad platform. The elevated losses in the first half of 2026 represent a front-loading of expenses ahead of the significant revenue ramp expected in H2 2026 and beyond. The Company views these expenses as running in front of revenue, necessary to support growth, and as prudent and limited in scope in relation to the significant opportunity ahead. While the Company achieved adjusted EBITDA profitability at the Product Company level in the first quarter of 2026, Ondas still expects that could fluctuate over the short term. The Company is pulling forward its expectation for OAS adjusted EBITDA profitability, now expecting to achieve that result by 1Q 2027 versus the prior expectation of 3Q 2027. Ondas maintains its expectation for company-wide adjusted EBITDA profitability by Q1 2028.”

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