--- title: "Palladyne AI | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 5.783 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295093413.md" datetime: "2026-08-06T10:49:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295093413.md) - [en](https://longbridge.com/en/news/295093413.md) - [zh-HK](https://longbridge.com/zh-HK/news/295093413.md) generator: "portal-rs" --- # Palladyne AI | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 5.783 M Revenue: As of FY2026 Q2, the actual value is USD 5.783 M, missing the estimate of USD 5.793 M. EPS: As of FY2026 Q2, the actual value is USD -0.27. EBIT: As of FY2026 Q2, the actual value is USD -13.15 M. #### Revenue Palladyne AI Corp.’s revenue increased by 470% year-over-year and 63% sequentially to $5.8 million in the second quarter of 2026, driven by acquisitions and organic growth. For the six months ended June 30, 2026, revenue was $9,321 thousand, compared to $2,725 thousand for the same period in 2025. #### Operating Profit Operating loss for the second quarter of 2026 was - $13.4 million, compared to - $8.1 million in the second quarter of 2025, primarily due to higher stock-based compensation and continued investment in Palladyne Aerospace and Defense. For the six months ended June 30, 2026, the loss from operations was - $25,332 thousand, compared to - $15,025 thousand for the six months ended June 30, 2025. #### Net Income GAAP net loss for the second quarter of 2026 was - $12.3 million, compared to - $7.5 million in the prior year period. For the six months ended June 30, 2026, GAAP net loss was - $24,934 thousand, compared to a net income of $15,272 thousand for the same period in 2025. Non-GAAP net loss for the second quarter of 2026 was - $10.8 million, compared to - $6.4 million in the prior year period, and for the six months ended June 30, 2026, it was - $20,974 thousand, compared to - $11,789 thousand for the same period in 2025. #### Operating Costs Total operating expenses for the second quarter of 2026 were $19,196 thousand, up from $9,109 thousand in the second quarter of 2025. Key operating expenses in Q2 2026 included cost of revenue at $4,102 thousand, research and development at $4,326 thousand, general and administrative at $8,143 thousand, sales and marketing at $2,269 thousand, and intangible amortization expense at $356 thousand. #### Cash Flow Net cash used in operating activities for the six months ended June 30, 2026, was - $20,401 thousand, compared to - $12,842 thousand for the same period in 2025. Cash, cash equivalents, and marketable securities totaled $43.7 million as of June 30, 2026, which was roughly flat compared to March 31, 2026. #### Unique Metrics Backlog as of June 30, 2026, increased by 43% during the quarter to $24.6 million, reflecting approximately $13.0 million in new contract awards. The Company defines operating cash burn as cash used in operations plus capital expenditures, and second quarter operating cash burn ran higher than the prior quarter, including approximately $0.9 million in capital expenditures. #### Outlook / Guidance Palladyne AI Corp. reiterated its full-year 2026 revenue guidance of $24.0 million to $27.0 million, representing an expected year-over-year growth of approximately 357% to 415% compared to 2025 revenue. The Company anticipates sequential revenue growth in the third quarter as backlog converts, new contracts are awarded and performed, and commercial deployments expand. The full-year 2026 expected operating cash burn is reiterated at - $32.0 million to - $36.0 million, with expectations for cash usage to decrease through the remainder of 2026 as revenue and margins increase. ### Related Stocks - [PDYN.US](https://longbridge.com/en/quote/PDYN.US.md) ## Related News & Research - [Palladyne AI CEO, CFO to join Jefferies Global Industrials Conference fireside chat](https://longbridge.com/en/news/297505098.md) - [Palladyne AI partners with NORDA Dynamics to integrate SwarmOS with Underdog drone guidance module](https://longbridge.com/en/news/297032509.md) - [Palladyne AI (NASDAQ:PDYN) CFO Trevor Thatcher Sells 4,636 Shares](https://longbridge.com/en/news/296661245.md) - [Palladyne AI partners with Orkid Tech to integrate autonomy software into fixed-wing UAVs](https://longbridge.com/en/news/296343652.md) - [Palladyne AI’s SwarmOS™ Successfully Performs Again at Army’s Premier Division-Scale Test of Future Warfare | PDYN Stock News](https://longbridge.com/en/news/295104815.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**