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Just reported
Q3 2026 results
From Ondas's results release of November 12, 2026. These are the company's first figures; its 10-Q or 10-K replaces them when filed.
Revenue
Actual
$167.5M
+100% q/q
Guided
$155M
midpoint
Above guide+8.1%
Company outlook
Q4 2026
- Revenue$250MFirst given
Full year 2026
- Revenue$550MRaised +2.3%
Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.
The full earnings report →Keep exploring
The themes Ondas is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.
Highest-graded in Communication Equipment
Graded A or B and worth $2B or more: A first, then the largest.
HPEHewlett Packard Enterprise Company$66.7BA
LITELumentum Holdings Inc.$58.8BA
CIENCiena Corp$42BA+
UIUbiquiti Inc.$41.1BA+
ZBRAZebra Technologies Corporation$15.4BA
Grade rose recently in Technology
Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.
LRCXLAM Research CorporationOct 22, 2026BAGraded B, now A
IBMInternational Business Machines CorporationOct 21, 2026BAGraded B, now A
CDNSCadence Design Systems, Inc.Oct 28, 2026BAGraded B, now A
NXPINXP Semiconductors N.V.Oct 27, 2026BAGraded B, now A- UIUbiquiti Inc.Nov 6, 2026BAGraded B, now A
How it makes money
- Product sales61%
- Services25%
- Development work14%
Shares of revenue are estimates for six months ended June 30, 2026, not figures from a filing.
Competes with
What it sells6
Optimus System
An autonomous drone system for repeatable aerial surveillance, inspection and data collection.
Iron Drone Raider
An interceptor drone designed to stop small hostile drones.
CoRF
A system that detects, identifies, tracks and disrupts unauthorized drones using cyber and radio-frequency methods.
Show 3 more
4M Defense land intelligence
Information and planning support for finding and clearing land contaminated by mines and unexploded ordnance.
Roboteam unmanned ground vehicles
Remote-operated ground robots for defense and security tasks in hazardous or difficult terrain.
Apeiro Motion autonomy and mobility software
Software intended to help robotic vehicles navigate and move autonomously in complex environments.
Who buys it3
- Defense organizations and security agencies, which buy systems for surveillance, site protection and other missions.
- Homeland security and public-safety organizations, which buy drone and counter-drone systems directly or through resellers and partners.
- Critical-infrastructure and industrial operators, including operators of sensitive facilities, which may buy equipment or subscribe to drone services.
What it stands on, and what could break it
What the business leans on
- 1A small number of customers accounted for much of revenue: two customers represented 55% and 11% of revenue, respectively (year ended December 31, 2025, high).
- 2Contract manufacturers build many of the company’s products, and availability and prices of components can affect production and delivery.
- 3Sales depend in part on government budgets, procurement decisions and the timing of customer orders.
What could go wrong
- 1Losing a major customer or receiving fewer orders from one could sharply reduce revenue; two customers accounted for 55% and 11% of revenue, respectively (year ended December 31, 2025, high).
- 2Changes in government budgets, procurement priorities or purchasing processes could delay or reduce orders from defense and security customers.
- 3Drone operations and wireless equipment face government approval and licensing requirements; changes or delays in approvals could restrict sales or deployments.
About Ondas Inc.
Ondas makes autonomous aircraft and ground robots, along with equipment and software for detecting and responding to unauthorized drones. Its systems are used for surveillance, inspection, site protection and other defense and security missions. The company also makes strategic investments and partnerships intended to support its operating businesses.
- Head office
- Waltham, Massachusetts, United States
- Founded
- 2014
- Employees
- 495 (December 31, 2025, high)
- Listed on
- NASDAQ
- Financial year ends
- December 31
Built from Ondas Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.
