Key Highlights
- Fourth-quarter revenue surged 634% year-over-year to $30.1 million; fiscal 2025 revenue reached $50.7 million, exceeding analyst projections
- Full-year 2026 revenue forecast increased to minimum $375 million, significantly higher than previous $170M–$180M projection
- First-quarter 2026 revenue expected between $38M–$40M, representing approximately 820% annual increase
- Company completed $150 million acquisition of stratospheric intelligence firm World View, primarily through equity
- Announced collaboration with Palantir (PLTR) to embed Foundry artificial intelligence into Ondas autonomous aerial systems
Shares of Ondas Holdings (ONDS) climbed 8.4% during Monday’s session, finishing at $10.90, following the autonomous systems manufacturer’s impressive fourth-quarter financial results and substantially elevated forward-looking projections for 2026.
The company reported fourth-quarter revenue of $30.1 million — representing a remarkable 634% increase compared to the prior-year period. Fiscal year 2025 revenue climbed 604% to $50.7 million, surpassing the Street consensus of $48.6 million.
Despite the revenue momentum, the quarterly net loss expanded to $101 million from $10.3 million in the year-ago quarter. On an adjusted basis, the full-year 2025 net loss per share totaled 62 cents, exceeding the analyst forecast of a 25-cent loss.
Nevertheless, market participants reacted positively to the company’s ambitious forward outlook. Ondas more than doubled its fiscal 2026 revenue projection to a minimum of $375 million — substantially above the previously communicated range of $170 million to $180 million.
The stock settled at $10.90 on Monday, giving the company a market capitalization of approximately $4.64 billion.
Strategic Palantir Alliance and World View Transaction
On March 11, Ondas unveiled a strategic collaboration with Palantir (PLTR) to incorporate Palantir’s Foundry artificial intelligence platform into Ondas’ unmanned aerial vehicle infrastructure. Chief Executive Erik Brock stated the alliance “positions Ondas at the center of next-generation, multi-domain operational environments.”
Palantir’s stock advanced 6.74% during Monday trading.
Additionally, Ondas finalized an agreement to purchase World View, a company specializing in stratospheric surveillance technology, in a transaction valued at $150 million consisting predominantly of stock consideration. This strategic move aims to enhance the company’s autonomous capabilities by adding persistent high-altitude observation technology.
Management emphasized a pro forma cash balance of $1.5 billion following the transaction’s completion.
Military Contracts Driving Revenue Pipeline
Earlier in March, Ondas disclosed it had secured several contracts worth approximately $6 million for counter-unmanned aerial vehicle systems from defense and national security clients located in the Middle East and additional international markets.
The current order backlog stands at $68.3 million, with management indicating that the autonomous systems division will drive the majority of anticipated 2026 expansion.
For the first quarter of fiscal 2026, the company projects revenue ranging from $38 million to $40 million — translating to roughly 820% growth versus the comparable quarter last year.
The iShares U.S. Aerospace & Defense ETF advanced 0.3% to $223.29 on Monday. Competitor AeroVironment gained 4.3% following new defense contract announcements, while recently public Karman Holdings increased 3% to $102.40.
Ondas is scheduled to host its quarterly earnings conference call on Wednesday.
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