Ondas Inc. (ONDS) Reports $167.5M Q3 Revenue, Raises 2026 Target to $550M

What happened

Ondas reported Q3 2026 revenue of $167.5M, compared with $83.8M in Q2 2026 and $10.1M in Q3 2025. It raised its 2026 revenue target to at least $550M from a previous $525M–$550M range and set an initial 2027 target of at least $1.1B.

Confirmed

Global impact / market context

The higher 2026 target implies Ondas expects more revenue in the near term, but growth has not yet brought better operating results: its adjusted EBITDA loss, a measure of operating performance excluding certain items, widened, while gross margin—the share of sales left after direct costs—fell.

Analyst inference

Reported revenue rose sharply year over year, but acquisitions contributed, and pro forma organic revenue, which excludes acquisition effects, grew 64%. The combination of rapid expansion, lower gross margin and a larger adjusted loss makes execution and the quality of growth important investor considerations.

Analyst inference

What to watch

1. Check whether Ondas delivers its stated Q4 revenue target of greater than $250M; the supplied context identifies this as a key test of its raised annual outlook. Confirmed
2. Watch for gross margin recovery after Q3’s 21.8% level; margin means the share of revenue left after direct costs, and the article expects similar levels in Q4. Confirmed
3. Assess whether future reported growth continues to depend on acquisitions or comes from existing operations, since that distinction affects how durable the revenue expansion may be. Analyst inference

Evidence

• Original source link unavailable