Ondas reports record Q3 revenue, raises outlook but shares tumble on widening losses and margin squeeze
Ondas Holdings posted third‑quarter 2026 revenue of about $167.5 million, a 16‑fold year‑over‑year increase, and announced new orders of $214 million, expanding its backlog to $835 million. Gross margin fell to 21.8% and operating losses widened to $189.5 million, resulting in a GAAP loss of $0.10 per share. The company lifted its full‑year 2026 revenue target to at least $550 million and set a 2027 goal of at least $1.1 billion, yet its stock slipped roughly 4½% in pre‑market trading.
Why it matters
The raised revenue guidance suggests higher top‑line growth for investors, but the larger GAAP loss and shrinking margin signal near‑term profitability challenges that could pressure the share price.
Key facts
- 1Q3 2026 revenue was $167.5 million, up about 16 times from the prior year. blockonomi.com
- 2New orders in the quarter totaled $214 million and the order backlog grew to $835 million. blockonomi.com
- 3Gross margin contracted to 21.8% in the quarter. blockonomi.com
- 4Operating losses widened to $189.5 million. blockonomi.com
- 5GAAP loss per share was $0.10, missing the $0.09 consensus estimate. 247wallst.com
- 6Ondas raised its 2026 revenue target to at least $550 million and set a 2027 target of at least $1.1 billion. blockonomi.com
Open questions
- Materials report different pre‑market decline percentages: 3.8% (1), 4.54% (2), and 5% (3).
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.