Palladyne AI Announces Preliminary Second Quarter 2026 Revenue of Approximately $5.8 Million and Backlog of Approximately $24.0 Million

$PDYNPress releaseJul 8, 2026, 7:00 AM ETRead the release

Palladyne AI reported preliminary Q2 2026 revenue of $5.8 million, representing a 480% increase year-over-year and 66% sequential growth. Backlog rose to $24.0 million from $17.3 million in the prior quarter, driven by $12.5 million in new customer programs and contract awards.

Key figures

Revenue: $5.8 million
Revenue Yoy: 480%
Backlog: $24.0 million
Cash equivalents: $44.0 million
Gross new contracts: $12.5 million

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