Short answer
Palladyne AI Corp. (PDYN) filed its Q2 2026 10-Q quarterly report on Aug 6, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $6M (up 469.8% year over year) with net income of −$12M.
Q2 2026 key financials · XBRL
- Revenue
- $6M
- +469.8% YoY · +63.5% QoQ
- Net income
- −$12M
- −64.6% YoY · +2.2% QoQ
- Operating margin
- -231.9%
- EPS (diluted)
- −$0.27
- −68.8% YoY · +3.6% QoQ
Source: XBRL data from the Palladyne AI Corp. (PDYN) Q2 2026 10-Q on SEC EDGAR. USD.
Palladyne AI Corp. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $5.8M, up 470% YoY from $1.0M, driven by product revenue $2.7M and engineering services revenue $1.9M
- Product revenue best-performing stream at $2.7M vs $3K YoY, up 89,600%
- Operating expenses $19.2M, up 111% YoY from $9.1M; no actual margin or net-loss figures provided
- Product development contract revenue weakest stream at $1.2M, up 17% YoY; six-month revenue declined 54% amid government delays
- Approximately $86.8M gross stock-and-warrant proceeds raised since fourth quarter 2024; liquidity expected for at least 12 months
- 2026 outlook: commercialization, testing and customer trials continuing; Palladyne IQ sales cycles likely 12–18 months or longer
Risk Factors
- Acquisitions since November 2025 created new manufacturing and defense execution risks, including supply shortages, quality issues and production delays
- AI-enabled autonomous systems face heightened liability and regulatory scrutiny from failures in navigation, object recognition or mission execution
- Palladyne IQ sales cycles likely 12–18 months or longer, delaying near-term revenue conversion
- Operating loss $25.3 million and negative operating cash flow $20.4 million for six months ended June 30, 2026
- Accumulated deficit $505.7 million and working capital $43.8 million as of June 30, 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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