← Ondas overview

Ondas vs Keysight: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Ondas Holdings Inc. (ONDS)

Q3 2026
▲2▼2

Ondas rode defense demand surge but losses widened

  • Record revenue and defense orders Ondas reported record quarterly revenue of $83.8 million, up over 13 times from a year earlier, with a backlog near $613 million and over $40 million in new defense orders.

    This shows the core demand surge that drove the company's growth story.

  • Acquisitions and product launches Ondas acquired DZYNE Technologies for $875.8 million, agreed to buy Aran Defense, integrated Sentrycs technology into Lockheed Martin's platform, and launched Dronebuster REACH with its first Navy sale.

    These strategic moves expand Ondas's defense portfolio and market reach.

  • Widening losses and cash burn Losses widened sharply: an $89.7 million quarterly loss, a $50.6 million adjusted EBITDA loss, and $137.4 million cash burn in the first half, making mounting losses the main counterweight to growth.

    This is the key negative force that weighed on the stock despite strong revenue.

  • Stock fell on worse-than-expected per-share results Shares fell 6.2% on worse-than-expected per-share results, showing that investors focused on the bottom line even as the top line surged.

    This directly explains the stock's negative price reaction during the period.

September 2026
▲3▼1

Ondas: record orders and backlog, more buying, but losses widen

  • Record revenue and a much bigger order book Ondas reported record quarterly revenue of $83.8 million, up more than 13 times from a year earlier, and raised its full-year target to $525-$550 million. Backlog — orders already won but not yet delivered — reached about $613 million, or $757 million including recent acquisitions. More orders mean more future sales, which supports the stock.

    This is the core new fundamental driver of the period: explosive growth and a rising order book.

  • Losses and cash burn grew alongside sales Despite the sales jump, Ondas lost $89.7 million in the quarter and its adjusted EBITDA loss widened to $50.6 million, with $137.4 million of cash used in the first half. Shares fell 6.2% on the results because the per-share loss was worse than expected. Big losses are the main counterweight to the growth story.

    It is the honest counterweight: the company is growing fast but still losing large amounts of money.

  • Buying Aran Defense to build more hardware in Israel Ondas agreed to buy Aran Defense for about $33 million, adding roughly 4,400 square meters of engineering and manufacturing space in Israel and about $26 million of expected 2026 revenue. This expands Ondas's ability to produce defense equipment locally and support rising demand.

    A concrete acquisition that adds manufacturing capacity and revenue, directly supporting the growth story.

  • New long-range counter-drone product, first unit sold to the Navy Ondas launched Dronebuster REACH, a longer-range system that jams enemy drones, with the first unit contracted to the Office of Naval Research. It extends the Dronebuster line already deployed in over 50 countries, showing new products are reaching paying government customers.

    A new product with a real government order shows the technology pipeline is converting into sales.

Latest
▲3▼1

Ondas: record orders and backlog, more buying, but losses widen

  • Record revenue and a much bigger order book Ondas reported record quarterly revenue of $83.8 million, up more than 13 times from a year earlier, and raised its full-year target to $525-$550 million. Backlog — orders already won but not yet delivered — reached about $613 million, or $757 million including recent acquisitions. More orders mean more future sales, which supports the stock.

    This is the core new fundamental driver of the period: explosive growth and a rising order book.

  • Losses and cash burn grew alongside sales Despite the sales jump, Ondas lost $89.7 million in the quarter and its adjusted EBITDA loss widened to $50.6 million, with $137.4 million of cash used in the first half. Shares fell 6.2% on the results because the per-share loss was worse than expected. Big losses are the main counterweight to the growth story.

    It is the honest counterweight: the company is growing fast but still losing large amounts of money.

  • Buying Aran Defense to build more hardware in Israel Ondas agreed to buy Aran Defense for about $33 million, adding roughly 4,400 square meters of engineering and manufacturing space in Israel and about $26 million of expected 2026 revenue. This expands Ondas's ability to produce defense equipment locally and support rising demand.

    A concrete acquisition that adds manufacturing capacity and revenue, directly supporting the growth story.

  • New long-range counter-drone product, first unit sold to the Navy Ondas launched Dronebuster REACH, a longer-range system that jams enemy drones, with the first unit contracted to the Office of Naval Research. It extends the Dronebuster line already deployed in over 50 countries, showing new products are reaching paying government customers.

    A new product with a real government order shows the technology pipeline is converting into sales.

July 2026
▲4

Ondas rides defense demand surge with major orders and DZYNE acquisition

  • Military drone battery push could lift demand An energy expert predicts the Pentagon's premium spending on high-density batteries will make military drones a key catalyst, indirectly boosting demand for Ondas's drones. This supports future orders and revenue growth.

    It highlights a new demand driver from defense budget trends that could benefit Ondas.

  • Sentrycs tech integrated into Lockheed Martin platform Ondas's subsidiary Sentrycs will integrate its cyber-over-RF counter-drone technology into Lockheed Martin's Sanctum platform. This partnership could lead to more orders and wider adoption of Ondas's solutions.

    It shows a concrete new collaboration that may drive future revenue for Ondas.

  • Over $40 million in new defense orders Ondas received more than $40 million in new orders for autonomous defense systems in June, bringing Q2 order activity above $150 million. This signals strong demand and supports revenue growth.

    It provides fresh evidence of accelerating order momentum, a key driver for the stock.

  • Acquires DZYNE for $875.8 million Ondas acquired DZYNE Technologies for $875.8 million, creating Ondas Sentinel. DZYNE is EBITDA positive, which should boost Ondas's financials and speed its path to profitability.

    It is a major strategic move that strengthens Ondas's business and financial profile.

▲4

Ondas rides defense demand surge with major orders and DZYNE acquisition

  • Military drone battery push could lift demand An energy expert predicts the Pentagon's premium spending on high-density batteries will make military drones a key catalyst, indirectly boosting demand for Ondas's drones. This supports future orders and revenue growth.

    It highlights a new demand driver from defense budget trends that could benefit Ondas.

  • Sentrycs tech integrated into Lockheed Martin platform Ondas's subsidiary Sentrycs will integrate its cyber-over-RF counter-drone technology into Lockheed Martin's Sanctum platform. This partnership could lead to more orders and wider adoption of Ondas's solutions.

    It shows a concrete new collaboration that may drive future revenue for Ondas.

  • Over $40 million in new defense orders Ondas received more than $40 million in new orders for autonomous defense systems in June, bringing Q2 order activity above $150 million. This signals strong demand and supports revenue growth.

    It provides fresh evidence of accelerating order momentum, a key driver for the stock.

  • Acquires DZYNE for $875.8 million Ondas acquired DZYNE Technologies for $875.8 million, creating Ondas Sentinel. DZYNE is EBITDA positive, which should boost Ondas's financials and speed its path to profitability.

    It is a major strategic move that strengthens Ondas's business and financial profile.

Keysight Technologies Inc (KEYS)

Q3 2026
▲2▼1

Keysight Q3: Record AI-Driven Results, Supply Constraints Cap Near-Term

  • Record Q3 Results and Raised Guidance Keysight reported record revenue of $1.85 billion, up 36%, EPS of $3.07, and orders up 56% to $2.09 billion, driven by AI infrastructure demand. Management raised guidance, and analysts lifted price targets to $400–$440.

    This is the core new financial performance that drove the stock in Q3.

  • New Partnerships and 6G/Lab Automation Initiatives New initiatives with Intel Foundry, Lockheed Martin, 6G, and lab automation support future growth. However, 6G's expected inflection is not until early 2028, so it remains a longer-term bet.

    These new business developments underpin future revenue potential and were highlighted this period.

  • Supply Chain Constraints Cap Near-Term Revenue Supply chain constraints remain the key counterweight, capping near-term revenue even as demand exceeds supply. Some revenue is pushed beyond the normal six-month order-to-revenue window, so execution depends on capacity expansion and supply easing.

    This is the main risk that limits how much of the strong demand converts to revenue in the near term.

September 2026
▲4

Keysight's AI-driven demand surge and 6G product push lift outlook

  • Record Q3 earnings beat on AI data-center demand Keysight's fiscal Q3 revenue jumped 36% to a record $1.85 billion and adjusted EPS surged 78% to $3.07, far above the $2.46 consensus. Orders rose 56% to $2.09 billion, showing customers are buying more test gear, especially for AI data centers. This strong beat and record orders push the stock up because it shows the business is growing much faster than expected.

    This is the core new event that directly drove the stock higher and confirms accelerating demand.

  • AI data-center demand exceeds supply, capacity expansion underway Management said AI data-center buildout demand is outpacing supply, with revenue pushed beyond the normal six-month order-to-revenue window approaching $100 million. Keysight is raising capital spending, adding capacity, and signing longer supplier deals. This supports future revenue growth and signals strong pricing power, lifting the stock.

    It explains the supply-demand imbalance driving future growth and the company's response, a key force behind the stock.

  • 6G inflection targeted for 2028, new products and research partnerships Keysight expects its 6G business to inflect in early 2028, ahead of commercialization. It is backing UC Berkeley research on 6G over-the-air testing and will unveil new RF/microwave products at European Microwave Week. These moves position Keysight for the next wireless upgrade cycle, supporting long-term growth and investor optimism.

    It shows the company building the next growth wave beyond AI, which supports the stock's longer-term valuation.

  • New AI and 6G test lab automation switches launched Keysight launched the Velocity 4900 Series Layer 1 automation switches for AI and 6G test labs, available for order now with deliveries starting January 2027. These products automate physical connections in test labs, saving time and enabling remote equipment sharing. This expands Keysight's product line into a growing niche, supporting future revenue.

    It is a concrete new product launch that adds to the AI and 6G growth story, a fresh positive catalyst.

Latest
▲4

Keysight's AI-driven demand surge and 6G product push lift outlook

  • Record Q3 earnings beat on AI data-center demand Keysight's fiscal Q3 revenue jumped 36% to a record $1.85 billion and adjusted EPS surged 78% to $3.07, far above the $2.46 consensus. Orders rose 56% to $2.09 billion, showing customers are buying more test gear, especially for AI data centers. This strong beat and record orders push the stock up because it shows the business is growing much faster than expected.

    This is the core new event that directly drove the stock higher and confirms accelerating demand.

  • AI data-center demand exceeds supply, capacity expansion underway Management said AI data-center buildout demand is outpacing supply, with revenue pushed beyond the normal six-month order-to-revenue window approaching $100 million. Keysight is raising capital spending, adding capacity, and signing longer supplier deals. This supports future revenue growth and signals strong pricing power, lifting the stock.

    It explains the supply-demand imbalance driving future growth and the company's response, a key force behind the stock.

  • 6G inflection targeted for 2028, new products and research partnerships Keysight expects its 6G business to inflect in early 2028, ahead of commercialization. It is backing UC Berkeley research on 6G over-the-air testing and will unveil new RF/microwave products at European Microwave Week. These moves position Keysight for the next wireless upgrade cycle, supporting long-term growth and investor optimism.

    It shows the company building the next growth wave beyond AI, which supports the stock's longer-term valuation.

  • New AI and 6G test lab automation switches launched Keysight launched the Velocity 4900 Series Layer 1 automation switches for AI and 6G test labs, available for order now with deliveries starting January 2027. These products automate physical connections in test labs, saving time and enabling remote equipment sharing. This expands Keysight's product line into a growing niche, supporting future revenue.

    It is a concrete new product launch that adds to the AI and 6G growth story, a fresh positive catalyst.

August 2026
▲4

Keysight's AI-driven test demand drives record orders and raised outlook

  • Record Q3 results and raised guidance on AI infrastructure demand Keysight reported record Q3 revenue of $1.85 billion, up 36%, and earnings of $3.07 per share, beating estimates. Orders jumped 56% to $2.09 billion. Management raised Q4 and full-year guidance, citing AI infrastructure demand. This directly boosts investor confidence and the stock price.

    This is the core new event that answers why KEYS is moving: blowout earnings and raised outlook.

  • Analyst price targets and fair value estimates raised Following the strong results, multiple Wall Street firms raised price targets to $400–$440, and Simply Wall St lifted its fair value estimate by 8% to $415.08. Higher targets reflect improved growth and margin assumptions, supporting the stock price.

    Shows how the new financials are being repriced by analysts, a direct driver of the stock.

  • Supply chain constraints limit near-term revenue despite strong demand Management cautioned that supply chain constraints will remain the near-term governor of revenue, with demand far exceeding supply. This caps how much revenue can be recognized, but also signals robust demand that could fuel future growth once constraints ease.

    This is the main counterweight: it explains why the stock isn't rising even more and highlights a risk.

  • New product certifications and partnerships expand future demand Keysight certified its RFPro software for Intel Foundry's 14A and 18A-P processes and partnered with Lockheed Martin on an AI drone detection system using 5G. These wins broaden its customer base and position it for growth in AI, defense, and communications.

    These are new business developments that support the long-term demand story behind the stock's move.

▲4

Keysight's AI-driven test demand drives record orders and raised outlook

  • Record Q3 results and raised guidance on AI infrastructure demand Keysight reported record Q3 revenue of $1.85 billion, up 36%, and earnings of $3.07 per share, beating estimates. Orders jumped 56% to $2.09 billion. Management raised Q4 and full-year guidance, citing AI infrastructure demand. This directly boosts investor confidence and the stock price.

    This is the core new event that answers why KEYS is moving: blowout earnings and raised outlook.

  • Analyst price targets and fair value estimates raised Following the strong results, multiple Wall Street firms raised price targets to $400–$440, and Simply Wall St lifted its fair value estimate by 8% to $415.08. Higher targets reflect improved growth and margin assumptions, supporting the stock price.

    Shows how the new financials are being repriced by analysts, a direct driver of the stock.

  • Supply chain constraints limit near-term revenue despite strong demand Management cautioned that supply chain constraints will remain the near-term governor of revenue, with demand far exceeding supply. This caps how much revenue can be recognized, but also signals robust demand that could fuel future growth once constraints ease.

    This is the main counterweight: it explains why the stock isn't rising even more and highlights a risk.

  • New product certifications and partnerships expand future demand Keysight certified its RFPro software for Intel Foundry's 14A and 18A-P processes and partnered with Lockheed Martin on an AI drone detection system using 5G. These wins broaden its customer base and position it for growth in AI, defense, and communications.

    These are new business developments that support the long-term demand story behind the stock's move.

Q2 2026
▲3

Keysight's AI-Driven Growth Confirmed by Earnings Beat and Strategic Acquisition

  • Q2 Earnings Beat on 31% Revenue Growth Keysight reported Q2 revenue of $1.72 billion, up 31% year-over-year, beating estimates and raising EPS guidance. Strong demand from AI data centers, semiconductors, wireless, and defense drove the beat, signaling robust business momentum that supports a higher stock price.

    This is the core new financial result that directly shows accelerating growth and profitability, a key price driver.

  • Acquisition of VPIphotonics Strengthens AI/Data-Center Offerings Keysight completed the acquisition of VPIphotonics, adding optical-link simulation to its portfolio. This positions the company to capture growth in silicon photonics for AI and data-center interconnects, expanding its addressable market and future revenue potential.

    This strategic move expands Keysight's technology portfolio and targets a high-growth market, directly supporting future revenue growth.

  • Fund Manager Highlights Multiple Tailwinds and Strong Order Growth Janus Henderson noted Keysight benefits from AI infrastructure, advanced communications, and electrification, with order growth over 30% year-over-year and upgraded revenue forecasts. This independent validation reinforces confidence in sustained demand and future earnings growth.

    This provides third-party confirmation of the company's growth drivers and order momentum, which can attract investors.

  • Valuation Premium and Tariff Risks Counterbalance Optimism While the stock may be 5.1% undervalued based on fair value, it trades at a high P/E of 57.9x versus a fair ratio of 36.6x. Potential new tariffs could add $150–$175 million in annual costs, posing a risk if growth slows.

    This highlights the key counterweights—valuation and tariff risks—that could limit upside or cause a pullback.

June 2026
▲3

Keysight's AI-Driven Growth Confirmed by Earnings Beat and Strategic Acquisition

  • Q2 Earnings Beat on 31% Revenue Growth Keysight reported Q2 revenue of $1.72 billion, up 31% year-over-year, beating estimates and raising EPS guidance. Strong demand from AI data centers, semiconductors, wireless, and defense drove the beat, signaling robust business momentum that supports a higher stock price.

    This is the core new financial result that directly shows accelerating growth and profitability, a key price driver.

  • Acquisition of VPIphotonics Strengthens AI/Data-Center Offerings Keysight completed the acquisition of VPIphotonics, adding optical-link simulation to its portfolio. This positions the company to capture growth in silicon photonics for AI and data-center interconnects, expanding its addressable market and future revenue potential.

    This strategic move expands Keysight's technology portfolio and targets a high-growth market, directly supporting future revenue growth.

  • Fund Manager Highlights Multiple Tailwinds and Strong Order Growth Janus Henderson noted Keysight benefits from AI infrastructure, advanced communications, and electrification, with order growth over 30% year-over-year and upgraded revenue forecasts. This independent validation reinforces confidence in sustained demand and future earnings growth.

    This provides third-party confirmation of the company's growth drivers and order momentum, which can attract investors.

  • Valuation Premium and Tariff Risks Counterbalance Optimism While the stock may be 5.1% undervalued based on fair value, it trades at a high P/E of 57.9x versus a fair ratio of 36.6x. Potential new tariffs could add $150–$175 million in annual costs, posing a risk if growth slows.

    This highlights the key counterweights—valuation and tariff risks—that could limit upside or cause a pullback.

▲3

Keysight's AI-Driven Growth Confirmed by Earnings Beat and Strategic Acquisition

  • Q2 Earnings Beat on 31% Revenue Growth Keysight reported Q2 revenue of $1.72 billion, up 31% year-over-year, beating estimates and raising EPS guidance. Strong demand from AI data centers, semiconductors, wireless, and defense drove the beat, signaling robust business momentum that supports a higher stock price.

    This is the core new financial result that directly shows accelerating growth and profitability, a key price driver.

  • Acquisition of VPIphotonics Strengthens AI/Data-Center Offerings Keysight completed the acquisition of VPIphotonics, adding optical-link simulation to its portfolio. This positions the company to capture growth in silicon photonics for AI and data-center interconnects, expanding its addressable market and future revenue potential.

    This strategic move expands Keysight's technology portfolio and targets a high-growth market, directly supporting future revenue growth.

  • Fund Manager Highlights Multiple Tailwinds and Strong Order Growth Janus Henderson noted Keysight benefits from AI infrastructure, advanced communications, and electrification, with order growth over 30% year-over-year and upgraded revenue forecasts. This independent validation reinforces confidence in sustained demand and future earnings growth.

    This provides third-party confirmation of the company's growth drivers and order momentum, which can attract investors.

  • Valuation Premium and Tariff Risks Counterbalance Optimism While the stock may be 5.1% undervalued based on fair value, it trades at a high P/E of 57.9x versus a fair ratio of 36.6x. Potential new tariffs could add $150–$175 million in annual costs, posing a risk if growth slows.

    This highlights the key counterweights—valuation and tariff risks—that could limit upside or cause a pullback.