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Ondas Inc Q3 revenue beats on acquisitions, demand for defense systems 

By Reuters News


Overview

  • US autonomous systems provider's Q3 revenue more than 16x yr/yr, beating analyst expectations

  • Q3 adjusted EBITDA loss widened and missed analyst expectations

  • Company attributed revenue growth to strong demand for counter-UAS, precision strike, and land systems


Outlook

  • Ondas raises 2026 revenue target to at least $550 mln, up from prior $525-$550 mln

  • Company targets Q4 2026 revenue above $250 mln

  • Ondas issues initial 2027 revenue target of at least $1.1 bln


Result Drivers

  • ACQUISITIONS - Revenue growth benefited from contributions of acquired businesses and expanded technology portfolio

  • DEMAND FOR DEFENSE SYSTEMS - Strong demand for counter-UAS, precision strike, and land systems supported revenue growth

  • MARGIN PRESSURE - Gross margin declined due to higher amortization, inventory step-up from acquisitions, and production inefficiencies in ramping large programs


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$167.50 mln

$148.04 mln (10 Analysts)

Q3 Net Loss

$64.70 mln

Q3 Adjusted EBITDA

Miss

-$59.70 mln

-$39.78 mln (9 Analysts)

Q3 Gross Profit

$36.50 mln

Q3 Operating Expenses

$226 mln

Q3 Operating Loss

$189.50 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the communications & networking peer group is "buy"

  • Wall Street's median 12-month price target for Ondas Inc is $18.50, about 222.9% above its November 11 closing price of $5.73


Reuters Recommended Reads

  • Nov 10 - Firefly Aerospace Q3 revenue beats on contract wins

  • Nov 10 - Mercury Systems Q1 revenue beat; raises FY27 outlook

  • Nov 12 - Stratasys Q3 revenue beats on strength in aerospace and defense segment


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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