Ondas Lifts 2026 Revenue Guidance to $375M After Q4 Revenue Jumps 629%
Ondas Holdings reported Q4 revenue of $30.11M, up 629% year-over-year and 7.5–8% above consensus, driven by $29.6M in autonomous systems sales while posting a $0.39 adjusted loss per share. Full-year 2025 revenue rose 605% to $50.7M, and management set 2026 revenue guidance at a minimum $375M.
1. Q4 Revenue and Segment Performance
Ondas reported Q4 2025 revenue of $30.11 million, a 629% increase from $4.13 million in Q4 2024 and 7.5–8% above consensus. The Autonomous Systems segment generated $29.6 million, while the Networks division contributed $0.5 million.
2. Earnings and Non-Cash Gain
The company recorded an adjusted non-GAAP loss of $0.39 per share in Q4, missing the expected $0.06 loss and widening from a $0.14 loss a year earlier. A $102 million non-cash gain on warrant liabilities significantly boosted GAAP net income for the quarter and full year.
3. 2026 Outlook and Guidance
Ondas raised its full-year 2026 revenue guidance to at least $375 million, up from prior targets of $170–180 million, citing a $68.3 million backlog along with organic growth and strategic acquisitions. Q1 2026 revenue is forecast at $38–40 million.