This presentation may contain "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. Ondas Inc. (“Ondas” or the “Company”) cautions readers that forward-looking statements are predictions based on its current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. The Company’s actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including, the risks discussed under the heading “Risk Factors” in the Company’s most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”), in the Company’s Quarterly Reports on Form 10-Q filed with the SEC, and in the Company’s other filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward- looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as required by law. This presentation also contains estimates and other information concerning our industry that are based on industry publications, surveys and forecasts. This information involves a number of assumptions and limitations, and we have not independently verified the accuracy or completeness of the information. This presentation includes Non-GAAP financial measures. Please see the "Non-GAAP Financial Measures" section. Information in this presentation is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Disclaimers

Eric Brock Founder, Chairman & CEO Entrepreneur and technology executive with 30+ years experience in global finance and building businesses in mission critical technology markets. Neil Laird CFO & Treasurer Senior finance leader with 30+ years in technology / public-company operations. Meir Kliner President, OAS Entrepreneur with over 20 years of proven track record in aerospace development and manufacturing. Oshri Lugassy CO-CEO, OAS Defense and technology leader with decades of experience in autonomous systems, global business development, and military command. CEO, Ondas Sentinel Ryan Hartman Aerospace and defense executive with 25+ years experience; multi-domain ISR across high-altitude platforms, UAVs, and AI analytics. COO, General Counsel & Secretary Patrick Huston National security leader with 35+ years in military operations, technology and law. Former U.S. Army Brigadier General. Leadership

Agenda Introduction Financial Review Growth & Operational Update Outlook & Closing Remarks Q&A

Integrated Platform. Accelerating Growth. Accelerated growth & new revenue opportunities Targeted acquisitions deepen capabilities across all technology segments, strengthening existing solutions and enabling new integrated systems. CAPABILITIES EXPANSION MAJOR PROGRAM WINS Securing significant contracts across multiple segments, validating our technologies and accelerating global market adoption. Expanding engineering, manufacturing, and production capabilities to accelerate delivery, meet growing demand, and support global scale. INDUSTRIAL GROWTH

Executing Our Strategy. Delivering Results Growth plan continues with strong results As of Sept 30, 2026 Investment of $37M in corporate infrastructure in Q3 2026 to support continued accelerated growth. $167M Q3 2026 Revenue $835M(1) Backlog $550M+ Raise FY 2026 Revenue Target $820M Cash, Cash Equivalents, Restricted Cash & ST Investments $1.1B+ 2027 Revenue Target >16x YoY Growth $250M+ Q4 Revenue Target >12x Growth from Q4 2025 6

Revenue Growth Accelerating Revenue growth accelerated throughout 2025 and through the first nine months of 2026 + QUARTERLY REVENUE 2025-2026 ($M)

Strong Organic Growth Driven by our expanded global sales, marketing and delivery platform (1) Pro forma assuming all companies were owned for the entire period. 64% Revenue YoY growth (Pro forma(1)) Q3 2025 to Q3 2026 75%+ Projected YoY growth (pro forma) (Q4 2025 to Q4 2026) Organic Growth Highlights Organic Revenue growth Q3 2025 to Q3 2026 (Pro forma(1)) Sentrycs 263% 4M 192% Rotron 250% Mistral 136% 8

The Sovereign AI Layer for Defense Mission-specialized AI models that governments and their defense partners own and control MISSION WORKFLOWS EDGE MODELS Bootstraps Regna AI Standalone company, initially wholly owned by Ondas First customer Fine-tuned models run autonomous mission orchestration at the edge Operational foundation Builds on the SkyWeaver C4I collaboration with Palantir MODELS Open-weight model foundation Open-weight models, including NVIDIA Nemotron Removes the need to build a frontier model from scratch PLATFORM Secure integration and deployment Palantir AIP, Foundry and Apollo Model-training infrastructure and delivery support Designed to reach IL4/5 accreditation in weeks through FedStart MISSION LAYER Mission-specialized models Fine-tunes and post-trains open-weight models on sensitive mission data Quantized to run on edge hardware Forward-deployed engineers drive each model to customer benchmarks SOVEREIGN OUTCOME Customers own the models and the data U.S. Department of War, allied governments and the defense and industrial companies that serve them On Premises Sovereign Cloud Edge Disconnected SCIF 9 Embedded Equity Value Ondas' ownership positioned to unlock equity value as Regna AI adds customers and enters new markets Stronger Financial Model Sovereign AI development spend expected to move to Regna AI, accelerating Ondas' path to profitability Portfolio Advantage Mission-specialized models and edge orchestration advance autonomy across Ondas’ systems of systems

FINANCIAL REVIEW Third Quarter 2026 Earnings Release

See the “Non-GAAP Financial Measures” section in the Appendix. Income Statement SELECT P&L DATA Three Months Ended September 30, (Unaudited) 2026 2025 Revenues, net $ 167,489 $ 10,098 Cost of goods sold 130,989 7,494 Gross profit 36,500 2,604 Total operating expenses 226,006 18,108 Operating Loss (189,506) (15,504) Total other income (expense), net 133,081 8,330 Provision for (benefit from) income taxes 8,247 307 Net income (loss) $ (64,672) $ (7,481) Non-GAAP measures (1) Depreciation expense 2,578 196 Amortization of intangible assets 33,072 1,087 Acquisition related expenses 14,114 707 Stock-based compensation 59,847 5,459 Change in fair value of contingent consideration 3,090 - Provision for (benefit from) income taxes 8,247 307 Other (income) expense, net (133,081) (8,330) Qualifying acquisition related employee costs 7,269 - Qualifying acquisition integration costs 238 - Inventory step-up 9,636 - Adjusted EBITDA $ (59,662) $ (8,055) Other non-GAAP measures (1) Adjusted Cash Operating Expenses $ 118,671 $ 10,896 Adjusted Gross Profit $ 58,297 $ 2,837 Adjusted Gross Margin 34.8% 28.1% Key Financial Insights: Revenue grew >16x YoY, driven by 64% organic core growth and strategic acquisitions. Adjusted gross margin was 34.8%, pressured by mix and LMS ramp inefficiencies. Adjusted cash OPEX increased mainly from acquired companies; growth OPEX moderated sequentially. R&D rose $30 million sequentially to $61.6 million to support product development and integration. Adjusted EBITDA loss widened to $59.6 million, driven primarily by temporary gross-margin pressure. 11 Q3 2026 (USD in 000s)

Balance Sheet Q3 2026 (USD in 000s) SELECT BALANCE SHEET DATA September 30, 2026 Dec. 31, 2025 (Unaudited) ASSETS Cash, cash equivalents, restricted cash, and short-term investments $ 820,336 $ 616,109 Total assets $ 4,027,840 $ 1,132,841 LIABILITIES, TEMPORARY EQUITY, AND STOCKHOLDERS’ EQUITY Other debt $ 1,062 $ 2,204 Convertible notes $ 5,046 $ 10,284 Total debt $ 6,108 $ 12,488 Total liabilities $ 1,657,097 $ 661,226 Redeemable noncontrolling interests $ - $ 29,796 Total stockholders' equity $ 2,370,743 $ 441,819 Total liabilities and stockholders' equity $ 4,027,840 $ 1,132,841 Key Financial Insights: Cash, cash equivalents, restricted cash and short-term investments ~ $820 million. Deployed $431 million of cash related to acquisitions, highlighted by DZYNE, Cyberhawk and GATE. Inventory now stands at $110.7 million up $58.6 million sequentially to support growing demand. Total Assets includes ~$65 million equity investments in non-affiliated private and public companies. Total liabilities includes $919 million for a warrant liability related to the October 2025 and January 2026 equity financings. 12

Analysis of Cash OPEX(1) Q3 2026 (USD in 000s) (1) See the "Non-GAAP Financial Measures" section in the Appendix. Represents management estimates. Ondas Inc. $8,663 [Finance, Accounting, Governance] Growth OPEX 27,637 [CorpDev, Ondas Capital, Partner Initiatives] Corporate Level OPEX 36,300 Growth OPEX 9,453 [Divisional leadership / Operating Infrastructure] Product Companies 72,917 [Commercial Operations] Operating Platform OPEX 82,370 Adjusted Cash OPEX $118,670 Key Financial Insights: Corporate level Cash OPEX growth moderated sequentially. Still elevated as a percent of revenue due to growth investments for: Corporate development Ondas Capital Ecosystem engagement Operating platform development Operating platform Cash OPEX saw sequential growth from leadership and infrastructure. Product company OPEX growth reflects addition of new acquisitions mainly in the US. Growth OPEX is discretionary; expect significant operating leverage over the next 12+ months Significant OPEX investments intended to advance Ondas’ operating platform scaling and support significant growth in coming years 13

Third Quarter 2026 Earnings Release GROWTH & OPERATIONAL UPDATE

Multi-Domain Platforms Ondas brings together advanced technologies across five major domains AI | C2 PERSISTENT INTELLIGENCE AERIAL SECURITY PRECISION STRIKE AUTONOMOUS GROUND SYSTEMS

Key Contract Awards Since Beginning of Q3 Expanding sales and commercial infrastructure expected to support strengthening pipeline July 2026 $51.7M ______________Stratospheric ISR Support LM Platform *UK Precision Strike, Counter UAS for Australia DOD _____________ Market Segment ISR & Persistent Intelligence Precision Strike Aerial Security July 2026 $63.1M ______________ Border Security Counter UAS _____________ Market Segment ISR & Persistent Intelligence Aerial Security July 2026 $52.9M _____________ LUS Program _____________ Market Segment Precision Strike August 2026 $21.1M ______________ CUAS Program AFRL Air Delivery Program MOD UGV Program _____________ Market Segment Aerial Security Precision Strike Autonomous Ground Vehicles Sept/Oct 2026 $135.2M ______________EU Loitering Munition Program U.S. Air Force Program Asia CUAS Program _____________ Market Segment ISR & Persistent Intelligence

Revenue + Backlog Expansion US-Led A diversified order backlog across geographies and market segments; US revenue now > 50% BACKLOG BY MARKET SEGMENT ($M) $835M $835M BACKLOG BY REGION ($M) REVENUE BY REGION ($M) $167M

GLOBAL FOOTPRINT REPRESENTS A SIGNIFICANT OPPORTUNITY Replace or augment current ISR-T with 3 ULTRAs per cap at a fraction of the program cost. Demand for ULTRA is Growing Rapidly COMBAT-PROVEN RELEVANCE ULTRA is already in use and delivering real-world ISR-T. NEAR-TERM PROGRAM DEMAND Demand is maturing for dozens of ULTRAs across U.S. and allied programs. SCALABLE PRODUCTION Designed for cost-efficient high-rate production to meet growing global demand for affordable, persistent ISR-T. ~25 CAPs North America ~30 CAPs Europe ~25 CAPs Middle East & Africa ~20 CAPs Asia-Pacific ~20 CAPs Latin America Estimated GLOBAL TOTAL ~110 CAPs ACQ. PRICE* (AV, Payload, Ground): $193M EST ANNUAL OPERATING COST: ~$50M/CAP ACQ. PRICE* (AV, Payload, Ground): $25M EST ANNUAL OPERATING COST: ~$23M/CAP GLOBAL ISR CAPs 5 MQ-9 PER CAP 3 ULTRAS PER CAP Path to >$1B in annual recurring ULTRA revenue PERSISTENT INTELLIGENCE "As we saw in Epic Fury, ISR strike platforms have been essential. We have used MQ-9 and even now the ULTRA aircraft to great effect.” Secretary of the Air Force, September 2026 (Air & Space Forces Association's Air, Space & Cyber Conference, Keynote Speech) * Total CAPs, Acquisition and operating costs represent market estimates based on publicly available data.

Scaling ULTRA to Meet Demand for Persistent ISR Affordable, long-range intelligence, surveillance and reconnaissance for U.S. and allied customers EXPANDING THE MANUFACTURING BASE ~135,571 SQ FT GERMANY | EXISTING Expected to scale Stemme’s existing S12 airframe capacity ~345,000 SQ FT UNITED STATES | PLANNED Establish airframe production to shorten supply lines 10 AIRCRAFT PER MONTH BY 2028 Combined German & U.S. production target >70 hours OF MISSION PERSISTENCE Extended time on station with fewer aircraft rotations Operationally deployed by the U.S. Air Force Proposed Stemme acquisition supports closer alignment of airframe engineering, manufacturing and delivery 19

IonStrike: Cost Effective Kinetic C-UAS Proven performance to meet a global scaling demand ATTRACTIVE ECONOMICS. ENORMOUS DEMAND. IONSTRIKE SALES PRICE: <$50,000 PER UNIT A Multibillion-Dollar Annual Revenue Opportunity 20 Low Unit Cost Attritable at Scale Fire-and-Forget No Operator Needed Multi-Domain Land, Maritime, Air Global Demand Large, Persistent Market $45M PROPOSAL SUBMITTED Sole-source proposal submission validates IonStrike for operational use and scaled deployment. NEW U.S. DoW APPLICATION IonStrike selected for $10 million integration order with an unnamed new U.S. Government customer. PRECISION STRIKE THE THREAT IS MASS PRODUCTION Adversaries are producing Shahed-type UAV at industrial scale (tens of thousands per month). OUR ANSWER: RAPID SCALE Ondas expects to produce IonStrike at a rate of: Early 2027 100s PER MONTH Late 2027+ 1,000s PER MONTH AERIAL SECURITY

Strategic Acquisitions Acquiring enabling technology building blocks Electronic Safe & Arm Devices (ESADs) and advanced electronic fuzing for precision weapons, missiles and unmanned systems. Supply-critical layer. ESAD components are in tight supply, and qualified production capacity is a bottleneck across the precision-strike supply chain. Global production footprint. Israeli engineering plus NATO-based, non-ITAR manufacturing through Bron Technologies in Poland. Portfolio leverage. Supports revenue and margin capture across Ondas precision-strike and counter-UAS products. Resilient communications and remote operation linking unmanned platforms with human operators. PRECISION STRIKE AUTONOMOUS GROUND SYSTEMS AERIAL SECURITY PERSISTENT INTELLIGENCE AI-powered acoustic detection that identifies and tracks drones by their unique acoustic signatures. PRECISION STRIKE AUTONOMOUS GROUND SYSTEMS AERIAL SECURITY PERSISTENT INTELLIGENCE ~$65M1 Expected 2026 revenue ~$180M Expected 2028 revenue 90+ Weapon systems integrating GATE ESADs Positioning, navigation and communications for GNSS-denied and contested environments. PRECISION STRIKE AUTONOMOUS GROUND SYSTEMS AERIAL SECURITY PERSISTENT INTELLIGENCE AERIAL SECURITY PRECISION STRIKE AUTONOMOUS GROUND SYSTEMS PERSISTENT INTELLIGENCE 1 Full year including pre-acquisition period

Ondas Land Systems Division Establishing a new division within OAS integrating Ondas’ technologies in the segment Establishing a unified Autonomous Ground Vehicles division, bringing together five companies under one strategy. Addressing growing demand for unmanned ground operations, reducing personnel exposure in dangerous missions. Combine complementary capabilities into complete mission solutions, bringing together robotics, autonomy, platforms, protection, and smart demining. Capture cost synergies by eliminating redundant overhead and streamlining operations Accelerate product development and deployment through shared engineering, technology integration, and coordinated operations. Pursue larger, multi-year defense programs by offering a broader, integrated portfolio through one customer interface. Scale international growth through joint business development, manufacturing, and customer support. $3.25B Cumulative Potential Pipeline Opportunities Through 2031

OUTLOOK Third Quarter 2026 Earnings Release

Updated Outlook Continue to demonstrate upside to our financial model Target Revenue by Segment Updated Outlook Details: Expand and pull through backlog, order pipeline Scale deliveries on major programs/ product deployments Focus on increasing re-occurring revenue into 2027 Organic growth > 40% expected in 2027 Delivering Adjusted EBITDA + timeline targets Updated 2026 Revenue Target $550 Million + Q4 2026 Revenue Target $250 Million + Adjusted EBITDA + Timeline: Q4 2026 Operating Platform Q4 2027 Q3 2027 Ondas Inc. Initiating 2027 Revenue Target - $1.1 Billion +

STRUCTURAL
DEMAND _____________ Autonomy is reshaping ISR, air defense, force protection, ground operations and mission software. _____________ Portfolio assembled around interconnected missions RESILIENT
PROCUREMENT _____________ Operational urgency extends beyond election cycles; U.S. and allied demand diversifies exposure. _____________ Differentiate funded programs from future appropriations MULTI-DOMAIN
SYSTEMS OF SYSTEMS \_____________ AI-enabled orchestration unifies Ondas’ autonomous platforms, RF sensing, secure connectivity and counter-UAS effects. _____________ Aerial autonomy • Ground robotics • Sensing • Counter-UAS PROFITABLE
INDUSTRIAL SCALE _____________ Expand capacity, convert backlog, integrate products and increase operating leverage. _____________ Focus: gross profit dollars, margins and 2027+ economics CAPITAL CREATES
ADVANTAGE _____________ Financial flexibility supports disciplined M&A, manufacturing and strategic investments. _____________ Prioritize returns, accretion and balance-sheet resilience INVEST TO WIN | Durable mission demand + differentiated systems + industrial execution + disciplined capital allocation 25 A Structural, Multiyear Defense Transformation Ondas is building an integrated, scalable defense & security technology platform

Q&A Third Quarter 2026 Earnings Release

Appendix Q3 2026 & 2025 Adjusted EBITDA Three months ended September 30, (dollars in thousands) 2026 2025 Net income (loss) (64,672) (7,481) Depreciation 2,578 196 Amortization of intangible assets 33,072 1,087 Acquisition-related expenses (1) 14,114 707 Stock-based compensation and expense 59,847 5,459 Change in fair value of contingent consideration 3,090 - Provision for (benefit from) income taxes 8,247 307 Other (income) expense, net (2) (133,081) (8,330) Qualifying acquisition related employee costs (3) 7,269 - Qualifying acquisition integration costs(4) 238 - Inventory step-up(5) 9,636 - Adjusted EBITDA (59,662) (8,055) Adjusted Cash Operating Expenses Three monthsended September 30, (dollars in thousands) 2026 2025 Total operating expenses 226,006 18,108 Depreciation (1,866) (191) Amortization of intangible assets (25,324) (1,087) Acquisition-related expenses (1) (14,114) (707) Change in fair value of contingent consideration (3,090) - Stock-based compensation and expense (57,811) (5,227) Qualifying acquisition related employee costs (3) (4,892) - Qualifying acquisition integration costs (4) (238) - Adjusted Cash Operating Expenses 118,671 10,896 Adjusted Gross Margin Three months endedSeptember 30, (dollars in thousands) 2026 2025 Revenue $ 167,489 $ 10,098 Cost of goods sold 130,989 7,494 Gross profit (GAAP) $ 36,500 $ 2,604 Amortization of acquisition-related intangible assets 7,748 -- Stock-based compensation and expense 2,035 233 Qualifying acquisition related employee costs(3) 2,378 - Inventory step-up(5) 9,636 - Adjusted Gross Profit (Non-GAAP) $ 58,297 $ 2,837 Gross margin (GAAP) 21.8% 25.8% Adjusted Gross Margin (Non-GAAP) 34.8% 28.1% Acquisition-related expenses include legal, accounting, and other due diligence costs incurred in connection with completed or pending acquisitions. Other (income) expense, net includes interest and dividend income, unrealized gain and losses on investments, interest expense, foreign exchange gain and loss, the change in the fair value of government grant liabilities and warrant liability, and other income (expense), net included on the Company’s unaudited Condensed Consolidated Statements of Operations. Qualifying acquisition related employee costs include incremental and finite retention or transaction payments established in direct connection with an acquisition and exclude ordinary ongoing employee compensation. Qualifying acquisition integration costs include directly identifiable, incremental costs incurred to integrate acquired businesses and exclude ordinary ongoing operating costs of the combined business. Inventory fair value step-up expense recognized as a result of acquisition accounting for completed acquisitions. Footnotes

As required by the rules of the SEC, we provide a reconciliation of our non-GAAP financial measures to the most directly comparable GAAP measures. These reconciliations are set forth in the tables below. We believe that adjusted earnings before interest, taxes, depreciation, and amortization ("Adjusted EBITDA") is a useful supplemental measure for evaluating our operating performance and period to period trends because it eliminates the impact of items that primarily reflect our capital structure, tax position, non-cash accounting charges, acquisition-related transaction costs, and other items that management does not consider indicative of ongoing operating performance. Adjusted EBITDA should be considered in addition to, and not as a substitute for, net income (loss) and other measures prepared in accordance with GAAP. Adjusted EBITDA removes the effects of interest and financing-related items, depreciation and amortization, income taxes, stock-based compensation and expense, acquisition-related expenses, change in fair value of contingent consideration and other acquisition related obligations, acquisition related inventory fair value step ups, qualifying acquisition related employee costs, qualifying acquisition integration costs and other non-operating gains and losses. Management believes that excluding these items enhances comparability across periods and facilitates analysis of underlying operating trends. Adjusted Cash Operating Expense is a non-GAAP financial measure that represents total operating expenses excluding depreciation, amortization of intangible assets, acquisition-related expenses, change in fair value of contingent consideration and other acquisition related obligations, qualifying acquisition related employee costs, qualifying acquisition integration costs and stock-based compensation and expense. The most directly comparable GAAP measure to Adjusted Cash Operating Expense is total operating expenses. Management believes Adjusted Cash Operating Expense provides useful supplemental information by facilitating analysis of the Company’s ongoing cash operating costs and meaningful period-to-period comparisons. Management uses this measure for internal cost management, budgeting, and to evaluate operating trends excluding specified non-cash accounting charges and certain acquisition related cash costs. Adjusted Cash Operating Expense should be considered in addition to, and not as a substitute for, total operating expenses prepared in accordance with GAAP. Beginning with the period ended June 30, 2026, the Company revised its calculation of Adjusted EBITDA and Adjusted Cash Operating Expense to exclude changes in the fair value of contingent consideration and other acquisition related obligations and renamed "Cash Operating Expense" to "Adjusted Cash Operating Expense". Also beginning with the period ended June 30, 2026, the Company introduced Adjusted Gross Profit and Adjusted Gross Margin. Beginning with the period ended September 30, 2026, the Company further revised the definition of Adjusted EBITDA to exclude acquisition related inventory fair value step ups, qualifying acquisition related employee costs and qualifying acquisition integration costs. Correspondingly, the definition of Adjusted Cash Operating Expense was revised to exclude qualifying acquisition related employee costs and qualifying acquisition integration costs. In addition, the definition of Adjusted Gross Profit was revised to exclude acquisition related inventory fair value step ups. Management believes these revisions facilitate period to period comparability and analysis of the Company’s underlying operating performance and cost trends. These revisions did not affect previously reported non-GAAP measures, as no amounts qualifying under the newly added categories were recognized in prior periods presented. Adjusted Gross Profit is a non-GAAP financial measure that represents gross profit excluding amortization of acquisition-related intangible assets, acquisition related inventory fair value step ups, qualifying acquisition related employee costs, and stock-based compensation and expense included in cost of goods sold. Adjusted Gross Margin is a non-GAAP financial measure that represents Adjusted Gross Profit as a percentage of revenue. The most directly comparable GAAP measures to Adjusted Gross Profit and Adjusted Gross Margin are gross profit and gross margin (gross profit as a percentage of revenue), respectively. Management believes these measures provide investors with additional insight into the underlying profitability of the Company's products and services, operating performance and period-to-period trends. Comparative prior-period amounts have been presented on a consistent basis. Management uses Adjusted EBITDA, Adjusted Cash Operating Expense, Adjusted Gross Profit, and Adjusted Gross Margin together with GAAP results, in making operating and planning decisions and in evaluating the Company's ongoing performance. Other companies may calculate similarly titled non-GAAP measures differently, and therefore our non-GAAP measures may not be comparable to measures used by other companies. Non-GAAP Financial Measures