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AI brief of an SEC Form 8-K · Palladyne AI Corp. (PDYN)

Palladyne AI preliminary Q2 revenue about $5.8 million, up about 480% year over year

Positive Impact 3 of 5 earnings Written later

Palladyne AI said preliminary, unaudited second-quarter 2026 revenue was about $5.8 million, up from $3.5 million in the first quarter and $1.0 million a year earlier. Backlog rose to about $24.0 million, and cash, cash equivalents and marketable securities were about $44.0 million, roughly flat from March 31, 2026. The figures are unaudited and not yet final, and the filing gives no preliminary profit or loss figures, so shareholders should note that the numbers could change materially.

Key points

  • Preliminary Q2 2026 revenue of about $5.8 million, up about 480% from $1.0 million in Q2 2025 and about 66% from $3.5 million in Q1 2026.
  • Backlog of about $24.0 million as of June 30, 2026, up from $17.3 million as of March 31, 2026, after about $12.5 million in gross new contracts.
  • Cash, cash equivalents and marketable securities of about $44.0 million, roughly flat from March 31, 2026.
  • Results are unaudited, the financial statements are not yet complete, and actual results could differ materially.

The filing

CompanyPalladyne AI Corp. (PDYN)
Form8-K, current report
Filed with the SECJul 8, 2026, 7:04 AM ET
Accession number0001193125-26-297985

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 08, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.