Ondas Inc. (NASDAQ:ONDS) delivered record quarterly results on Monday, sharply boosting its 2026 outlook and winning an analyst price-target hike on the back of an aggressive M&A-fueled expansion in defense and autonomous systems.​

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Record Q4

For the fourth quarter, Ondas reported revenue of $30.1 million, topping the $27.6 million estimate and soaring 198% sequentially and 629% year-over-year . 

Ondas Autonomous Systems drove the upside with high-volume Optimus and Iron Drone shipments and initial contributions from recent acquisitions. 

Gross profit rose to $12.7 million and gross margin widened to 42% from 21% a year earlier, helped by richer mix in autonomous systems and better fixed-cost absorption, even as rapid scaling pushed operating expenses higher. 

The company posted a loss of 36 cents per share and a wider GAAP net loss tied partly to non-cash warrant marks, but investors focused on the growth inflection and ...