---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-205033"
form_type: "8-K"
ticker: "PDYN"
cik: "0001826681"
company_name: "Palladyne AI Corp."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:32:23.559013+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Palladyne AI Q1 rev up 107% to $3.5M; net loss $12.6M; reaffirms FY rev guidance $24-27M

## Summary
- Revenue $3.5M (+107% YoY); GAAP net loss $12.6M ($0.28 loss per share) vs prior year net income $22.8M.
- Non-GAAP net loss $10.2M ($0.23 EPS) vs $5.3M loss in prior year; operating loss $11.9M.
- Backlog $17M at March 31, with $7M in new awards in Q1; cash & equivalents $43.7M.
- FY 2026 revenue guidance reiterated $24-27M (357-415% growth); expects sequential growth each quarter.
- Operating cash usage guided at $8-9M/quarter; Q1 slightly above due to shutdown and working capital.

## SEC filing metadata
- accession: 0001193125-26-205033
- form_type: 8-K
- ticker: PDYN
- cik: 0001826681
- company_name: Palladyne AI Corp.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826681/000119312526205033/0001193125-26-205033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826681/000119312526205033/pdyn-20260505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-205033
- JSON: https://secwatch.observer/filing/0001193125-26-205033.json
- Plain text: https://secwatch.observer/filing/0001193125-26-205033.txt

## Key facts
- Earnings Releases
  Palladyne AI Corp. reported the first quarter ended March 31, 2026 results: revenue $3.5 million, net income ($12.6) million, EPS ($0.28). Guidance reaffirmed.
  - Period: the first quarter ended March 31, 2026
  - Revenue: $3.5 million
  - Net income: ($12.6) million
  - EPS: ($0.28)
  - Guidance: reaffirmed
  - Result: reported results
  source text: 99.1 Palladyne AI Reports First Quarter 2026 Results First full quarter as a vertically integrated defense and industrial AI company; revenue increased 107% year-over-year to $3.5 million Backlog of approximately $17 million as of March 31, 2026, net of revenue recognized, reflects approximately $7 million in new contract awards during the quarter Reiterates
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826681/000119312526205033/0001193125-26-205033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.