---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-297985"
form_type: "8-K"
ticker: "PDYN"
cik: "0001826681"
company_name: "Palladyne AI Corp."
filed_at: "2026-07-08T11:04:42+00:00"
generated_at: "2026-07-08T11:10:04.806982+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-297985
- form_type: 8-K
- ticker: PDYN
- cik: 0001826681
- company_name: Palladyne AI Corp.
- filed_at: 2026-07-08T11:04:42+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826681/000119312526297985/0001193125-26-297985-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826681/000119312526297985/pdyn-20260708.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-297985
- JSON: https://secwatch.observer/filing/0001193125-26-297985.json
- Plain text: https://secwatch.observer/filing/0001193125-26-297985.txt

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