Palladyne AI prelim Q2 rev ~$5.8M (+480% YoY); backlog $24M; IAI partnership

Palladyne AI Corp.

Preliminary Q2 2026 revenue ~$5.8M, up ~480% YoY from $1.0M and ~66% sequentially from $3.5M.
Backlog grew to ~$24.0M from $17.3M at Q1 end; ~$12.5M in new contracts added during Q2.
Cash, cash equivalents and marketable securities ~$44.0M, roughly flat vs. Q1 2026.
Announced exclusive U.S. rights to IAI's HARPY, HAROP, Mini HARPY loitering munitions family.
Majority of backlog expected to be recognized as revenue within 12-18 months.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.