Ondas Q1 revenue $50.1M (+1,065% YoY); raises FY2026 revenue target to $390M

Ondas Inc.

Q1 revenue $50.1M, up 1,065% YoY and 66% QoQ; gross margin 49.2% vs 35% a year ago.
Pro forma backlog $457M, up 570% from $68.3M at end of 2025, driven by acquisitions and organic orders.
Raised FY2026 revenue target to at least $390M, representing ~670% YoY growth.
Adjusted EBITDA loss $10.9M; product companies turned EBITDA positive 6 months ahead of plan.
Ended Q1 with $1.48B cash and short-term investments; Jan 2026 offering raised approx. $1B gross.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ondas Inc. reported the first quarter ended March 31, 2026 results: revenue $50.1 million. Guidance raised.

Period: the first quarter ended March 31, 2026
Revenue: $50.1 million
Guidance: raised
Result: reported results

Exact text from the filing

Ondas Reports Record First Quarter 2026 Financial Results: Raises Full Year 2026 Revenue Forecast to $390 Million Q1 2026 revenue of $50.1 million

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Ondas Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-056235

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