Ondas Posts Record Q3 2026 Revenue of $167.5 Million on Strong Bookings and Backlog Growth; Raises Full-Year Outlook
Key Highlights
- ➤Q3 revenue $167.5 million, up 100% sequentially and more than 16x year over year
- ➤Backlog $835 million; cash, equivalents, restricted cash and short-term investments $820.3 million
- ➤Q3 bookings $214 million, including $100 million at Ondas Sentinel
- ➤2026 revenue target raised to at least $550 million from $525-$550 million
- ➤Company-wide Adjusted EBITDA break-even moved forward to Q3 2027 from Q4 2027
Expert Statements
Eric Brock, Chairman and CEO of Ondas
“This quarter demonstrates the growing benefits of Ondas' integrated operating platform”
Eric Brock, Chairman and CEO of Ondas
“Our businesses are gaining access to larger customers, broader channels, and stronger production and field-support capabilities, allowing mission-ready technologies to move more quickly from evaluation into deployment.”
Eric Brock, Chairman and CEO of Ondas
“The next phase is about disciplined execution: delivering on customer commitments, integrating our capabilities, and converting demand to sustainable growth and improving profitability.”
Eric Brock, Chairman and CEO of Ondas
“Our differentiation increasingly comes from combining autonomous systems, mission software, AI, and critical components into solutions that can be deployed and supported across multiple domains.”
Eric Brock, Chairman and CEO of Ondas
“Ondas Sentinel strengthens our ability to pursue and execute complex U.S. defense programs, while Regna AI extends our sovereign AI capabilities and creates opportunities to serve customers beyond our own hardware platforms.”
Eric Brock, Chairman and CEO of Ondas
“Together, these initiatives expand our addressable market, strengthen our customer relationships, and increase the software, services, and repeat revenue potential of the Ondas platform.”
Eric Brock, Chairman and CEO of Ondas
“We expect a strong finish to 2026, with momentum accelerating in the fourth quarter as volume deliveries ramp across existing programs and we convert pipeline opportunities into customer programs.”
Eric Brock, Chairman and CEO of Ondas
“Our order book remains healthy, our pipeline continues to expand, and our ability to produce, deliver, and sustain solutions for customers continues to strengthen.”
Eric Brock, Chairman and CEO of Ondas
“We are investing to support visible customer demand and build the production, supply-chain, deployment, and sustainment infrastructure required to deliver at scale.”
Eric Brock, Chairman and CEO of Ondas
“Over the next twelve months and beyond, we expect this growth to support meaningful operating leverage and improved profitability, supporting continued investment in innovation, market expansion, and long-term shareholder value.”
WEST PALM BEACH, FL / ACCESS Newswire / November 12, 2026 / Ondas Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of advanced autonomous systems and next-generation defense and security technologies and services, reported record financial and operating results for the third quarter of 2026. Ondas generated revenue of $167.5 million in the third quarter, compared with $83.8 million in the second quarter of 2026 and $10.1 million in the third quarter of 2025. The results represent approximately 100% sequential revenue growth and more than a sixteen-fold year-over-year increase.
"This quarter demonstrates the growing benefits of Ondas' integrated operating platform," said Eric Brock, Chairman and CEO of Ondas. "Our businesses are gaining access to larger customers, broader channels, and stronger production and field-support capabilities, allowing mission-ready technologies to move more quickly from evaluation into deployment. The next phase is about disciplined execution: delivering on customer commitments, integrating our capabilities, and converting demand to sustainable growth and improving profitability."
Get started
Create a free account to read the full story.