Ondas Reports Record Q3 Revenue and Raises Full-Year 2026 Guidance
Ondas (ONDS) reported record third-quarter revenue of $167.5 million, representing a 64% organic year-over-year increase. The company's order backlog grew 36% sequentially to reach $835 million, driven by high demand for its unmanned intelligence, surveillance, and reconnaissance (ISR) systems, specifically the ULTRA platform. Driven by strong revenue scale and operational leverage, management has raised its full-year 2026 revenue target to at least $550 million. Additionally, the company accelerated its timeline for achieving companywide adjusted EBITDA breakeven from Q4 2027 to Q3 2027. Looking further ahead, Ondas has initiated a 2027 organic revenue target of at least $1.1 billion.
Tickers: $ONDS
Topics: Defense Technology Guidance Increase Order Backlog Q3 Earnings Revenue Growth