Ondas Holdings Inc. (ONDS) stock soared 18.17% during intraday trading on Thursday, driven by the company's strong first-quarter financial results that significantly exceeded market expectations.

The autonomous systems provider reported Q1 revenue of $50.1 million, beating the IBES estimate of $39.4 million. More importantly, the company swung to a net income of $361.2 million from a loss in the prior year period. The adjusted EBITDA loss of $10.9 million also came in better than the estimated loss of $18.1 million.

Investor sentiment was further boosted by the company raising its full-year 2026 revenue guidance to at least $390 million, up from its prior outlook of $375 million and above analyst estimates. The company cited strong global demand for counter-UAS and defense robotics, contributions from recent acquisitions, and an improved product mix as key drivers for the positive results and outlook.