{"id":979581,"date":"2026-07-08T07:04:52","date_gmt":"2026-07-08T11:04:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/palladyne-ai-announces-preliminary-second-quarter-2026-revenue-of-approximately-5-8-million-and-backlog-of-approximately-24-0-million\/"},"modified":"2026-07-08T07:04:52","modified_gmt":"2026-07-08T11:04:52","slug":"palladyne-ai-announces-preliminary-second-quarter-2026-revenue-of-approximately-5-8-million-and-backlog-of-approximately-24-0-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/palladyne-ai-announces-preliminary-second-quarter-2026-revenue-of-approximately-5-8-million-and-backlog-of-approximately-24-0-million\/","title":{"rendered":"Palladyne AI Announces Preliminary Second Quarter 2026 Revenue of Approximately $5.8 Million and Backlog of Approximately $24.0 Million"},"content":{"rendered":"

<\/p>\n

Palladyne AI Announces Preliminary Second Quarter 2026 Revenue of Approximately $5.8 Million and Backlog of Approximately $24.0 Million<\/b><\/p>\n

Preliminary second quarter revenue expected to be approximately $5.8 million, up approximately 480% year over year and 66% sequentially<\/i><\/p>\n

Backlog grew to approximately $24.0 million from $17.3 million at the end of the first quarter<\/i><\/p>\n

Cash, cash equivalents and marketable securities remained roughly flat from the first quarter at approximately $44.0 million<\/i><\/p>\n

SALT LAKE CITY–(BUSINESS WIRE<\/a>)–Palladyne AI<\/a> (NASDAQ: PDYN) (\u201cPalladyne AI\u201d or \u201cthe Company\u201d), a U.S.-based defense and industrial technology company delivering embodied AI-powered collaborative autonomy solutions, advanced avionics, precision-manufactured components, UAVs, and advanced aerospace engineering services, today announced preliminary financial results for its second fiscal quarter ended June 30, 2026.<\/p>\n\n\n\n\n\n
\n

Select Preliminary 2Q26 Results<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

In $M<\/i><\/b><\/p>\n<\/td>\n

\n

2Q FY26<\/b><\/p>\n<\/td>\n

\n

2Q FY25<\/b><\/p>\n<\/td>\n

\n

2Q FY26 vs. 2Q FY25<\/b><\/p>\n<\/td>\n

\n

1Q FY26<\/b><\/p>\n<\/td>\n

\n

2Q FY26 Vs. 1Q FY26<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nRevenue<\/p>\n<\/td>\n

\n

\n~$5.8<\/p>\n<\/td>\n

\n

\n$1.0<\/p>\n<\/td>\n

\n

~480%<\/i><\/p>\n<\/td>\n

\n

\n$3.5<\/p>\n<\/td>\n

\n

~66%<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\nBacklog<\/p>\n<\/td>\n

\n

\n~$24.0<\/p>\n<\/td>\n

\n

\n$1.7<\/p>\n<\/td>\n

\n

~1312%<\/i><\/p>\n<\/td>\n

\n

\n$17.3<\/p>\n<\/td>\n

\n

~39%<\/i><\/p>\n<\/td>\n<\/tr>\n<\/table>\n

Ben Wolff, President and Chief Executive Officer of Palladyne AI, commented:<\/b><\/p>\n

\n“The second quarter was another quarter where we delivered on our stated plan. Revenue grew substantially again, both year over year and sequentially vs Q1, and we continued to win new business across all of our operations.<\/p>\n

\n\u201cOur plan for this year has been straightforward from the start. We had spent years building the underlying autonomy technology. With the acquisitions we completed in November, we became a vertically integrated, autonomy-based defense technology company, with the engineering, manufacturing and program capability that laid the groundwork for what we announced on June 8.<\/p>\n

\n\u201cThat announcement, our partnership with Israel Aerospace Industries<\/a>, the largest Israeli defense company and pioneer of the loitering munition category more than 40 years ago, was a major step forward for us. This partnership gives us exclusive U.S. rights to a family of combat-proven systems, the HARPY, HAROP and Mini HARPY, that fill gaps in the U.S. arsenal for which there is no direct domestic equivalent. Despite hundreds of millions of dollars invested by others in this space, no other company has replicated what this family of loitering munitions systems delivers, particularly when it comes to battle-tested capabilities to suppress and destroy enemy air defenses. This partnership, together with the battlefield exercises<\/a> we participated in this past quarter with SwarmOS\u2122 and Gremlin-X\u2122 and the first large purchase of our BRAIN flight computer<\/a> by a defense prime for use on a counter-UAS system, has given us even greater optimism about the long-term prospects for our aerospace and defense business.”<\/p>\n

Second Quarter 2026 Preliminary Financial Highlights<\/b><\/p>\n