Palladyne AI Reports First Quarter 2026 Results
Palladyne AI reported Q1 2026 revenue of $3.5 million, up 107% year-over-year, with backlog reaching $17 million reflecting $7 million in new awards. The company reaffirmed full-year 2026 revenue guidance of $24 million to $27 million, representing 357% to 415% growth, driven by defense and commercial ramp.
Key figures
- Revenue
- $3.5 million
- Guidance
- 2026 revenue $24 million to $27 million (357% - 415% growth)
- Revenue Yoy
- 107%
- Backlog
- $17 million
- Cash position
- $43.7 million
- New contract awards
- $7 million
AI analysis
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