<div id="readability-page-1"><h3>Claim 55% Off TipRanks</h3><ul><li>Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions </li><li> Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks </li></ul>An announcement from Palladyne AI Corp ( (PDYN) ) is now available. On May 5, 2026, Palladyne AI reported first-quarter 2026 results, its first full period as a vertically integrated defense and industrial AI company, with revenue doubling year over year to $3.5 million and backlog rising to about $17 million after roughly $7 million in new awards. The quarter featured progress across defense and space programs, including autonomous swarming demonstrations, new contracts for missile propulsion subsystems and space platforms, and an initial commercial deployment of its Palladyne IQ 2.0 product. Despite the strong top-line growth, Palladyne AI’s operating loss widened to $11.9 million and non-GAAP net loss deepened as it absorbed expenses from late-2025 acquisitions and continued investing in defense and commercial programs, while cash and securities stood at $43.7 million as of March 31, 2026. Management reiterated full-year 2026 revenue guidance of $24 million to $27 million and highlighted a $17 million backlog expected to convert largely over the next 12 to 18 months, underscoring an aggressive growth ramp but also sustained cash usage as the company scales its role in defense and industrial autonomy markets. The most recent analyst rating on (PDYN) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Palladyne AI Corp stock, see the PDYN Stock Forecast page. Spark’s Take on PDYN Stock According to Spark, TipRanks’ AI Analyst, PDYN is a Neutral. The score is held down primarily by weak financial performance (very large operating losses and sustained negative free cash flow) and bearish technicals (below key moving averages with negative MACD). Offsetting factors include a reasonable P/E and an earnings-call outlook showing strong expected 2026 revenue growth, rising backlog, and solid liquidity, though continued cash burn and execution/integration risk remain significant. To see Spark’s full report on PDYN stock, click here. More about Palladyne AI Corp Palladyne AI Corp. is a U.S.-based defense and industrial technology company focused on embodied AI, collaborative autonomy software, advanced avionics, autonomous systems, UAV engineering services and precision-manufactured components. Its secure, American-developed platforms target U.S. government and public-sector customers, emphasizing data sovereignty, security, compliance and multi-domain autonomous operations across air, ground, maritime and industrial environments. The company’s platform-agnostic autonomy stack combines real-time sensor fusion, adaptive AI models and edge-native orchestration to support collaborative systems in complex, contested and high-risk settings. Palladyne AI operates businesses including GuideTech and Palladyne Defense, positioning itself in emerging markets such as collaborative swarming, counter-UAS capabilities, missile systems and space-based autonomous coordination. Average Trading Volume: 2,486,110 Technical Sentiment Signal: Strong Sell Current Market Cap: $308M Learn more about PDYN stock on TipRanks’ Stock Analysis page.</div>

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Palladyne AI Corp (PDYN) reported strong Q1 2026 results, with revenue doubling to $3.5 million and a backlog of $17 million. Despite this growth, the operating loss widened to $11.9 million due to acquisition expenses and ongoing investments. Management maintains a revenue guidance of $24 million to $27 million for the year. Analysts rate PDYN stock as a Buy with a $10.00 price target, though concerns about financial performance and cash burn persist. Palladyne AI focuses on defense and industrial technology, emphasizing AI and autonomous systems.

Palladyne AI Reports Strong Q1 Growth Amid Wider Losses