Palladyne AI

Q2 FY2026 EarningsQ2 FY26 results were largely in-line with revenue expectations but showed a significant miss on profitability and cash burn. Revenue reached $5.8M (vs. $5.79M expected), representing 470% YoY growth driven by defense contract momentum. However, GAAP EPS of -$0.27 missed the -$0.23 consensus due to aggressive scaling of R&D and G&A. While full-year revenue guidance of $24M-$27M was reiterated, the $24.6M backlog remains the primary growth driver for the second half of FY26.