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

Palladyne AI Q3 revenue rises to $8.6 million; raises low end of 2026 guidance

Mixed Impact 4 of 5 earnings

Palladyne AI reported third-quarter 2026 revenue of $8.6 million, up from $0.9 million a year earlier, and raised the low end of its full-year 2026 revenue guidance to $25.0 million while keeping the top end at $27.0 million. The GAAP net loss widened to $12.0 million, or $0.25 per share, from $3.7 million, or $0.09 per share, in the prior-year quarter. Shareholders also face a 9% reduction in fully diluted shares after warrants and contingent shares expired on September 24, 2026.

Key points

  • Q3 2026 revenue was $8.6 million versus $0.9 million in Q3 2025, and up 48% sequentially.
  • GAAP net loss was $12.0 million ($0.25 per share) versus $3.7 million ($0.09 per share) a year earlier.
  • Full-year 2026 revenue guidance is now $25.0 million to $27.0 million, up from a prior low end, and backlog was $18.7 million as of September 30, 2026.
  • All 20.5 million warrants and 2.3 million remaining contingent merger consideration shares expired on September 24, 2026; cash, equivalents and marketable securities were $47.0 million.

The filing

CompanyPalladyne AI Corp. (PDYN)
Form8-K, current report
Filed with the SECNov 10, 2026, 7:06 AM ET
Accession number0001193125-26-454410

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 10, 2026, 7:16 AM ET, from this filing only.

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.