• First-quarter revenue came in at $50.1 million, ahead of the consensus estimate.
• Full-year revenue guidance raised to at least $390 million, from $375 million previously expected.
• Ondas Autonomous Systems unit is expected to reach adjusted EBITDA profitability by Q1 2027.

Shares of unmanned systems and private wireless solutions provider Ondas Inc. (ONDS) were up on Thursday after the company’s beat-and-raise first-quarter results, helped by an uptick in defense-sector demand fueled by global geopolitical instability.

At the time of writing, ONDS stock was up nearly 15% in premarket trading.

“We are operating in an environment of powerful demand tailwinds, particularly across counter-UAS and defense robotics markets,” said CEO Eric Brock. “Looking ahead, we believe Ondas is well-positioned for the remainder of 2026 and beyond. Recent global developments continue to underscore the urgency driving accelerated adoption of our solutions.”

ONDS’ Q1 Results

For the first quarter (Q1), revenue rose more than tenfold from last year to $50.1 million, much ahead of the Fiscal AI estimate of $39.4 million.

The company raised its full-year revenue target to at least $390 million, up from the previously guided $375 million, and ahead of the consensus estimate of $379.1 million. It also expects broad-based growth across its product portfolio, supported by a $457 million backlog.

The Ondas Autonomous Systems (OAS) unit will now reach adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) profitability by Q1 2027 versus the prior expectation of third-quarter (Q3) 2027, Ondas said. It continues to expect company-wide adjusted EBITDA profitability by Q1 2028.

The company flagged that although adjusted EBITDA losses will likely peak in the second quarter (Q2), they will improve through the remainder of the year.

“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,” the company said.

Ondas reported net income for the three months ended March 31 at $361.2 million, compared with a net loss of $15.3 million for the same period last year.

At the end of the quarter, the company had $1.48 billion in cash, cash equivalents, restricted cash, and short-term investments.

What Do Retail Traders Think About ONDS

On Stocktwits, retail sentiment about ONDS turned ‘extremely bullish' from ‘neutral amid ‘high’ message volumes over the last 24 hours.

One user on the platform noted that the company’s backlog caught their attention.

ONDS stock has fallen more than 9% so far this year but has risen more than tenfold over the past 12 months.

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