Palladyne AI reports preliminary Q2 revenue of ~$5.8M

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Go back to Palladyne AI reports preliminary Q2 revenue of ~$5.8M

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

July 8, 2026 7:00 AM EDT

Preliminary second quarter revenue expected to be approximately $5.8 million, up approximately 480% year over year and 66% sequentially

Backlog grew to approximately $24.0 million from $17.3 million at the end of the first quarter

Cash, cash equivalents and marketable securities remained roughly flat from the first quarter at approximately $44.0 million

SALT LAKE CITY--(BUSINESS WIRE)-- Palladyne AI (NASDAQ:... More