Palladyne AI Reports Second Quarter 2026 Results
Palladyne AI reported Q2 revenue of $5.8 million, a 470% increase year-over-year and 63% sequentially, with backlog climbing 43% to $24.6 million. The company signed an exclusive partnership with Israel Aerospace Industries (IAI) to market HARPY and HAROP loitering munitions to the U.S. Department of War, alongside securing multiple new defense contracts for its SwarmOS and Gremlin-X systems.
Key figures
- Revenue
- 5800000
- Guidance
- $24.0 - $27.0 million
- Revenue Yoy
- 470%
- Backlog
- 24600000
- Cash and securities
- 43700000
- New contract awards
- 13000000
AI analysis
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