Expect positive momentum as the company tracks toward its $24-27M revenue guidance; watch for final Q2 results (10-Q) and further updates on the IAI partnership and SwarmOS deployments.
Price Chart
Executive Summary
Palladyne AI announced preliminary Q2 2026 revenue of ~$5.8M (up ~480% YoY and ~66% sequentially) and backlog of ~$24.0M (up from $17.3M), referencing new contract awards of $12.5M and a major partnership with Israel Aerospace Industries for loitering munition systems. The results reinforce the company's growth trajectory and progress toward its full-year $24-27M revenue guidance.
Key Facts
- Preliminary Q2 2026 revenue of approximately $5.8 million, a 480% increase year-over-year and 66% sequentially.
- Backlog grew to approximately $24.0 million as of June 30, 2026, from $17.3 million at Q1 2026.
- Gross new contract awards of approximately $12.5 million during the quarter.
- Cash, cash equivalents and marketable securities remained roughly flat at approximately $44.0 million.
- Exclusive U.S. rights to Israel Aerospace Industries' HARPY, HAROP, and Mini HARPY loitering munition systems announced on June 8, 2026.
Financial Impact
Preliminary revenue ~$5.8M, up 480% YoY; backlog ~$24M, up 39% from Q1.
Risk Factors
- Preliminary results are subject to finalization and may differ materially.
- Revenue backlog conversion may be slower than expected; government contracting cycles can cause lumpiness.
- Company remains unprofitable with operating cash burn; need to monitor cash runway.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-297985 |
| Document: pdyn-ex99_1.htm | 0001193125-26-297985 |
| Document: 0001193125-26-297985-index-headers.html | 0001193125-26-297985 |
| Document: 0001193125-26-297985-index.html | 0001193125-26-297985 |
| Document: 0001193125-26-297985.txt | 0001193125-26-297985 |
| 8-K Data (Synthetic) | 0001193125-26-297985 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 20d ago | SC 13G/A | $5.12 | awaiting T+20 | — | $3.86 (−24.61%) |
Sep 28, 2026 27d ago | 25-NSE | $5.28 | awaiting T+20 | — | $3.86 (−26.89%) |
Sep 8, 2026 6w ago | Insider Buy | $5.75 $5.21 | ▼ −9.39% | ▼ −11.34% | $3.86 (−32.87%) |
Aug 21, 2026 9w ago | Insider Cluster | $5.78 $5.68 | ▼ −1.73% | ▼ −3.04% | $3.86 (−33.22%) |
Jul 8, 2026 15w ago | 8-K | $5.67 $5.97 | ▲ +5.29% | ▲ +2.02% | $3.86 (−31.92%) |
May 21, 2026 22w ago | Insider Cluster | $6.40 $6.73 | ▲ +5.16% | ▲ +6.57% | $3.86 (−39.69%) |
Mar 12, 2026 32w ago | Insider Cluster | $7.06 $6.48 | ▼ −8.22% | ▼ −10.19% | $3.86 (−45.33%) |
Mar 5, 2026 33w ago | 8-K | $9.96 $6.48 | ▼ −34.94% | ▼ −31.15% | $3.86 (−61.24%) |
US Market Status
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