Ondas Holdings Reports Record Q1 2026 Revenue of $50.1M, Raises Full-Year Forecast to $390M

Ondas Holdings Inc. (NASDAQ: ONDS) delivered record first-quarter 2026 financial results on May 14, reporting revenue of $50.1 million and raising its full-year 2026 revenue forecast to $390 million. The quarterly result represented a more than 10-fold increase over Q1 2025 and came in 25% above the high end of the company's own guidance. Shares last traded at $8.86 on Wednesday, May 13, ahead of the release.

Q1 2026 Results and Updated Guidance

• Q1 2026 revenue reached $50.1 million, up more than 10-fold from Q1 2025 and 66% quarter-over-quarter.
• Revenue exceeded the high end of the company's prior guidance by 25%.
• Ondas raised its full-year 2026 revenue forecast to $390 million.
• The company maintained its expectation for company-wide adjusted EBITDA profitability by Q1 2028.

What Drove the Results

The scale of the year-over-year revenue increase — more than ten times the prior-year period — reflects a substantial expansion in business activity, according to the company's earnings release. The quarterly sequential growth of 66% further suggests the ramp is ongoing rather than a one-time event.

Ondas also reaffirmed its adjusted EBITDA profitability target of Q1 2028, signaling that management views the current revenue trajectory as consistent with its path toward operating self-sufficiency. The decision to raise the full-year revenue forecast immediately following a quarter that beat the top of prior guidance indicates the company has visibility into continued near-term demand.

Wall Street View

Analyst sentiment heading into the Q1 release was firmly constructive. As of May 1, 2026, the consensus stood at 5 Strong Buy, 8 Buy, and 1 Hold, with zero Sell or Strong Sell ratings — a distribution that was unchanged from the prior month. No specific price targets were available in the data reviewed.

Investor Takeaway

Ondas delivered a quarter that cleared its own guidance by a wide margin and used the momentum to lift its full-year revenue target to $390 million, a concrete signal that management has confidence in the demand environment. The maintained Q1 2028 adjusted EBITDA profitability target gives investors a defined milestone against which to measure progress, even as the company continues to operate at a net loss. With 13 out of 14 covering analysts rating the stock a Buy or Strong Buy, the Wall Street view heading into the next phase of execution remains decidedly positive.