Ondas Inc (NASDAQ:ONDS) shares are trading higher Tuesday morning after the company reported record fourth-quarter results Monday, issued a sharply higher 2026 revenue outlook and announced an acquisition aimed at expanding its autonomous defense and intelligence platform.

Following the earnings report, Needham analyst Austin Bohlig on Tuesday maintained Ondas with a Buy and raised the price target from $17 to $23. Here’s what investors need to know.

Ondas Q4 Revenue Crushes Estimates

For the fourth quarter, Ondas reported revenue of $30.1 million, ahead of the $27.6 million analyst estimate, while sales surged 198% sequentially and 629% year over year.

Gross profit climbed to $12.7 million and gross margin expanded to 42% from 21% a year earlier, driven by stronger revenue from its Ondas Autonomous Systems business, a more favorable product mix and contributions from recently acquired businesses.

The company did report a loss of 36 cents per share, wider than expected, but investors appeared more focused on the pace of revenue growth and the strength of forward guidance.

2026 Guidance, Backlog And Cash Position Support Bull Case

Ondas said it expects first-quarter revenue of $38 million to $40 million and now sees full-year 2026 revenue of at least $375 million, supported by a $68.3 million backlog and strong first-quarter orders. The company also ended 2025 with $594.4 million in cash, cash equivalents and restricted cash, then raised about $960 million in net proceeds in January.

Separately, Ondas announced a deal to acquire World View Enterprises, a move management said will extend its system into stratospheric sensing and strengthen its defense-customer reach.

Ondas Stock Climbs From Penny-Stock Levels To $14 High

Ondas shares have surged from under $1 to a peak above $14 over the past year, reflecting a powerful uptrend with sharp momentum spikes and periodic pullbacks.

The stock remains technically strong, trading above its 20-, 50- and 200-day moving averages, with longer-term averages sloping upward and signaling sustained bullish momentum.

ONDS Shares Gain Tuesday Morning

ONDS Price Action: Ondas shares were up 0.55% at $10.96 at the time of publication on Tuesday, according to Benzinga Pro data.

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