Earnings ·
Palladyne AI Corp. reported second quarter 2026 financial results, announcing revenue of $5.8 million, a 470%…
PDYNPalladyne AI Corp.
Palladyne AI Corp. reported second quarter 2026 financial results, announcing revenue of $5.8 million, a 470% year-over-year increase driven by acquisitions and organic growth. The company secured approximately $13.0 million in new contract awards during the quarter, bringing total backlog to $24.6 million as of June 30, 2026. Palladyne AI reiterated its full-year 2026 revenue guidance of $24 million to $27 million and operating cash burn expectations of $32 million to $36 million. The company also highlighted strategic milestones, including an exclusive U.S. partnership with Israel Aerospace Industries for loitering munitions and successful integration of SwarmOS with the U.S. Army's 4th Infantry Division. Palladyne AI Corp. operates in the aerospace, defense, and industrial technology sectors, providing embodied AI-powered collaborative autonomy solutions, advanced avionics, UAVs, and precision-manufactured components.