Ondas Holdings Inc. (NASDAQ:ONDS) witnessed an upswing in its stock price on Friday after announcing a revised financial outlook that indicates significant revenue growth for fiscal year 2026. The company raised its revenue guidance to a range between $170 million and $180 million, reflecting a 25% increase over its previous target of $140 million.
In anticipation of the upcoming fiscal periods, Ondas forecasts fourth-quarter 2025 revenue in the range of $27 million to $29 million. This projection represents a 51% increase from the earlier estimated revenue for the same quarter. For the entire year of 2025, the company expects revenues between $47.6 million and $49.6 million, which is approximately 23% higher than its prior projections.
Ondas also reported a preliminary backlog valued at $65.3 million as of December 31, 2025, showing a staggering increase of 180% compared to the $23.3 million backlog reported on November 13, 2025. This backlog growth indicates a strong pipeline of orders moving forward.
Regarding its financial liquidity, Ondas stated that its pro forma cash balance surpassed $1.5 billion as of the end of 2025, adjusted to account for a recent capital raise of around $1 billion. The company noted that these preliminary financial figures have not yet undergone audit procedures. The full audited financial results for both the fourth quarter and the full year of 2025 are expected to be published in March 2026.
To provide more detailed insights into its business and financial status, Ondas is hosting a virtual OAS Investor Day event scheduled at 10 a.m. Eastern Time today.
Technical Performance and Market Momentum
From a technical standpoint, Ondas stock is currently trading 24.5% above its 20-day simple moving average (SMA) and 67.5% higher than its 100-day SMA. These metrics demonstrate strong momentum both in short-term and long-term perspectives. The stock's price performance over the last twelve months has been remarkable, surging approximately 482.73%. The share price is positioned closer to its 52-week high than its low, indicating a predominantly bullish market sentiment.
When analyzing momentum indicators, the Relative Strength Index (RSI) stands at 61.83, a level generally interpreted as neutral. This suggests the stock is neither overbought nor oversold at present. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator remains above its signal line, signaling ongoing bullish momentum.
The combination of a neutral RSI with a bullish MACD indicates a mixed yet potentially positive momentum scenario, which could pave the way for continued upward movement in shares.
Benzinga Edge Scorecard Insights
According to the Benzinga Edge rankings, Ondas Holdings exhibits exceptional momentum metrics in comparison with the broader equity market. The momentum score assigned is 99.57 out of 100, reflecting the stock’s strong outperformance.
The ratings categorize Ondas as following a classic “High-Flyer” pattern, a setup where strong momentum signals an attractive trend for investors to consider capitalizing on. This favorable technical posture coincides with the company’s upward-adjusted revenue forecasts and improving order backlog.
At present, Ondas shares are trading higher by approximately 1.95%, priced at $13.07 per share. The stock’s bullish trend remains supported by both fundamental upgrades and technical validation.
Summary
Ondas Holdings has significantly upgraded its fiscal 2026 revenue outlook to $170 million-$180 million, underscoring strong future growth expectations. Its preliminary backlog has more than doubled within two months, and the company anticipates robust revenue growth for the fourth quarter and full year of 2025. The upcoming Investor Day event is likely to provide further detail on these developments. Technically, the stock exhibits strong momentum, supported by positive market indicators and a high momentum score from Benzinga Edge.
Key Points
- Revenue guidance for fiscal 2026 increased by 25%, now projected between $170 million and $180 million.
- Estimated fourth-quarter 2025 revenue raised by 51% to $27 million-$29 million.
- Preliminary backlog surged 180% to $65.3 million as of December 31, 2025.
- Pro forma cash balance exceeds $1.5 billion following a recent capital raise.
Risks and Uncertainties
- Preliminary financial figures have not yet been audited and may be subject to change upon final reporting.
- The company's revenue outlook and backlog projections depend on future contract fulfillment and market conditions.
- Stock price momentum, while positive, could fluctuate based on broader market trends or company-specific developments.
- Investor response to virtual Investor Day presentations could influence near-term stock performance.