---
title: "Ondas announced an Israeli attack-drone order with no price; Q3 revenue guided to $140 million to $155 million"
description: "The November 10 purchase order under Israel's Digital Bat attack-drone program carries no dollar figure, and the factories meant to build the drones sit inside two acquisitions that have not closed. Q3 results land November 12 with revenue guided to $140–155 million, the first test of whether the announcement cadence converts to cash."
publisher: "The Inference"
section: "Robotics & Defense"
published: 2026-11-11T19:19:29.253Z
modified: 2026-11-11T19:19:29.253Z
canonical: https://theinference.org/article/ondas-announced-an-israeli-attack-drone-order-with-no-price-q3-revenue-guided-to-140-million-to-155-million
language: en
keywords: "Ondas, Drones, Defense, Earnings, Israel"
---

# Ondas announced an Israeli attack-drone order with no price; Q3 revenue guided to $140 million to $155 million

> The November 10 purchase order under Israel's Digital Bat attack-drone program carries no dollar figure, and the factories meant to build the drones sit inside two acquisitions that have not closed. Q3 results land November 12 with revenue guided to $140–155 million, the first test of whether the announcement cadence converts to cash.

## An order with no price on it

[Ondas](https://theinference.org/markets/companies/ondas-holdings) Inc. (Nasdaq: ONDS), the West Palm Beach company that has bought more than half a dozen defense businesses this year, said on November 10 that it [received a purchase order under Digital Bat](https://ir.ondas.com/press-releases/detail/340/ondas-receives-purchase-order-for-next-generation-tactical), the Israeli Ministry of Defense program for low-cost tactical attack drones [1]. The release names no dollar value and no unit count, and its Airobotics subsidiary, which leads development, [won the underlying tender in August](https://ir.ondas.com/press-releases/detail/325/ondas-selected-to-build-israels-next-generation-of-military-tactical-attack-drones) described only as "multi-million-dollar" [1][3]. Traders answered with a drop of nearly 9% to about $5.46 [2]. By late morning on November 11 the stock stood 4.2% higher at $5.81 [4].

## The factories are not Ondas's yet

Chairman and CEO Eric Brock framed the order as a step toward building "thousands of affordable, mission-ready systems" [1]. The capacity to build them sits inside two deals that have not closed.

Aran Defense, [agreed on August 18](https://ir.ondas.com/press-releases/detail/327/ondas-to-acquire-aran-defense-strengthening-israels-sovereign-defense-industrial-base) for roughly $33 million in cash or stock, brings 4,400 square meters of Israeli machining and assembly floors and was originally slated to close in Q3 2026 [5]; the November 10 release now says Q4 [1], and Zacks reports completion has not been confirmed [6].

Stemme, the German maker of the ULTRA surveillance airframe, was signed on November 5 in an all-cash deal of undisclosed price, closing no earlier than Q1 2027 [6][7]. The stock fell 9% that day too [7].

## Thursday morning prices the announcements

[Q3 results land before the open on November 12](https://ir.ondas.com/), with the call at 8:30 a.m [4]. ET [4]. Ondas guided revenue to $140–155 million against $83.8 million in Q2 [6][9], a sequential jump of 67–85% that would set another record [12]. Estimates cluster at a loss of 9 to 14 cents a share [6][8]. The order book holds more than $270 million booked since June 30 [6], the tally The Inference [examined on October 10](https://theinference.org/article/ondas-holdings-booked-270-million-of-orders-but-needs-a-244-million-fourth-quarter-it-has-never-had), while Q2 operating expenses ran $199 million and Q1 burned $51.3 million of operating cash [6][11][12].

*Chart: **Hitting its own Q3 guide means nearly doubling Q2's record revenue** Ondas quarterly revenue from Q1 2025 through Q2 2026 reported, with Q3 2026 shown as the midpoint of company guidance*

*Reported quarterly revenue from SEC filings; the final bar is the midpoint of company guidance of $140–155 million for Q3 2026. [6][12]*

Two camps hold the float. Shorts sit near 40% of it by Koyfin's count, and retail boards quote 44% [9]. Insiders filed five sales and zero purchases in six months, Brock's 2,378,245 shares worth about $31.9 million among them; [BlackRock](https://theinference.org/markets/companies/blackrock) added 30.2 million shares in Q2 [10].

## What the order is worth

Not knowable yet: no filing discloses the purchase order's value, and neither factory deal has closed. Three dates decide it. November 12 shows whether the announcement cadence converts to revenue inside the guide [1]. Q4 is the new promise for Aran [1]. Q1 2027 brings Stemme [7]. The tape has voted twice in three days; the income statement votes once, on Thursday morning.

## Takeaway

The Digital Bat order has no disclosed value and the factories meant to build the drones sit in two unclosed acquisitions; Q3 results on November 12 show whether Ondas's $140–155 million revenue guide holds.

## Sources

1. [Ondas Inc. press release (ACCESS Newswire), "Ondas Receives Purchase Order for Next-Generation Tactical Attack Drones", 10 November 2026](https://ir.ondas.com/press-releases/detail/340/ondas-receives-purchase-order-for-next-generation-tactical)
2. [Seeking Alpha via TradingView, "Ondas advances attack drone production with new order; shares tumble", 10 November 2026](https://www.tradingview.com/news/seekingalpha:c82fae995094b:0-ondas-advances-attack-drone-production-with-new-order-shares-tumble/)
3. [Ondas Inc. press release, "Ondas Selected to Build Israel's Next Generation of Military Tactical Attack Drones", 11 August 2026](https://ir.ondas.com/press-releases/detail/325/ondas-selected-to-build-israels-next-generation-of-military-tactical-attack-drones)
4. [Ondas Inc. Investor Relations, stock quote and earnings event listing, 11 November 2026](https://ir.ondas.com/)
5. [Ondas Inc. press release, "Ondas to Acquire Aran Defense, Strengthening Israel's Sovereign Defense-Industrial Base", 18 August 2026](https://ir.ondas.com/press-releases/detail/327/ondas-to-acquire-aran-defense-strengthening-israels-sovereign-defense-industrial-base)
6. [Zacks Investment Research via The Globe and Mail, "Ondas to Report Q3 Earnings: Can Orders and Acquisitions Fuel Growth?", 6 November 2026](https://www.theglobeandmail.com/investing/markets/stocks/AVAV/pressreleases/8704519/ondas-to-report-q3-earnings-can-orders-and-acquisitions-fuel-growth/)
7. [Blockonomi, "Ondas Inc. (ONDS) Stock: Plunges as Company Announces Stemme Acquisition to Boost Drone Production", 5 November 2026](https://blockonomi.com/ondas-inc-onds-stock-plunges-as-company-announces-stemme-acquisition-to-boost-drone-production/)
8. [Reuters via TradingView, "Ondas Inc expected to post a loss of 14 cents a share - Earnings Preview", November 2026](https://www.tradingview.com/news/reuters.com,2026:newsml_L5N46R1OA:0-ondas-inc-expected-to-post-a-loss-of-14-cents-a-share-earnings-preview/)
9. [Stocktwits, "ONDS Stock Rises Overnight: Ondas Scores New 'Digital Bat' Drones Order Ahead Of Earnings", 10 November 2026](https://stocktwits.com/news-articles/markets/equity/onds-stock-rises-overnight-ondas-scores-new-digital-bat-drones-order-ahead-of-earnings/cNGDJKGR9JN)
10. [Quiver Quantitative, "Ondas slides as investors appear to take profits despite fresh drone-order update", 10 November 2026](https://www.quiverquant.com/news/Ondas+slides+as+investors+appear+to+take+profits+despite+fresh-drone-order-update)
11. [24/7 Wall St., "Ondas Rallies 13% Ahead of Earnings, AeroVironment Jumps 10% on $315 Million Award; Red Cat Surges 10%", 9 November 2026](https://247wallst.com/investing/2026/11/09/ondas-rallies-13-ahead-of-earnings-aerovironment-jumps-10-on-315-million-award-red-cat-surges-10/)
12. [Ondas Holdings quarterly figures from its SEC filings (EDGAR), retrieved 11 November 2026](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001646188)


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Ondas announced an Israeli attack-drone order with no price; Q3 revenue guided to $140 million to $155 million — The Inference. Canonical: https://theinference.org/article/ondas-announced-an-israeli-attack-drone-order-with-no-price-q3-revenue-guided-to-140-million-to-155-million