Palladyne AI Q2 revenue rises 470% to $5.8 million; net loss widens to $12.3 million
Palladyne AI reported second-quarter 2026 revenue of $5.8 million, up from $1.0 million a year earlier, while its GAAP net loss widened to $12.3 million from $7.5 million. The company reiterated its full-year 2026 revenue guidance of $24.0 million to $27.0 million and its operating cash burn guidance of $32.0 million to $36.0 million. Shareholders face higher losses and continued cash use, though revenue growth and guidance held.
Key points
- Q2 2026 revenue was $5.8 million versus $1.0 million in Q2 2025; GAAP net loss was $12.3 million ($0.27 per share) versus $7.5 million ($0.20 per share).
- Full-year 2026 revenue guidance of $24.0 million to $27.0 million was reiterated; operating cash burn guidance of $32.0 million to $36.0 million was also reiterated.
- Backlog was $24.6 million as of June 30, 2026, reflecting about $13.0 million in new contract awards during the quarter.
- Cash, cash equivalents and marketable securities totaled $43.7 million as of June 30, 2026.
The filing
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 August 06, 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.