Filing Flows › Palladyne AI (PDYN) › Q2 2026 › vs Q1 2026
Palladyne AI (PDYN) Q2 2026 vs Q1 2026 (quarter over quarter)
Palladyne AI's revenue rose $2.2M (+63%) from $3.5M in Q1 2026 to $5.8M in Q2 2026. The biggest changes: Product Development Contract Revenue +$1.1M (18×); Product Revenue +$1.0M (+59%); Engineering Services Revenue +$133K (+7%).
Palladyne AI, Q2 2026: revenue $5.8M (+470% year over year), operating margin -231.9%, net loss $12.3M, operating cash flow −$10.2M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Product Revenue | $2.7M | $1.7M | $1.0M | +59% |
| Engineering Services Revenue | $1.9M | $1.8M | $133K | +7% |
| Product Development Contract Revenue | $1.2M | $67K | $1.1M | 18× |
| Revenue | $5.8M | $3.5M | $2.2M | +63% |
| Other income, net | $1.1M | −$689K | $1.8M | — |
| Net loss | $12.3M | $12.6M | −$282K | -2% |
| Costs & expenses | $19.2M | $16.1M | $3.0M | +19% |
| Operating costs | $19.2M | $15.5M | $3.7M | +24% |
| Cost of revenue | $4.1M | $2.5M | $1.6M | +66% |
| Research & development | $4.3M | $3.9M | $421K | +11% |
| Sales & marketing | $2.3M | $1.8M | $422K | +23% |
| General & admin | $8.1M | $6.9M | $1.3M | +18% |
| Other operating costs | $356K | $355K | $1K | +0.3% |
| Operating cash sources | $13.2M | $12.2M | $1.0M | +8% |
| Depreciation & amortization | $756K | $713K | $43K | +6% |
| Share-based compensation | $2.3M | $1.2M | $1.1M | +86% |
| Cash used in operations | $10.2M | $10.2M | −$77K | -0.8% |
| Net loss absorbed | $12.3M | $12.6M | −$282K | -2% |
| Working capital & other | $892K | −$417K | $1.3M | — |
Questions
How much did Palladyne AI's revenue grow quarter over quarter in Q2 2026?
Palladyne AI's revenue rose $2.2M (+63%) from $3.5M in Q1 2026 to $5.8M in Q2 2026.
What drove Palladyne AI's revenue change in Q2 2026?
Product Development Contract Revenue +$1.1M (18×); Product Revenue +$1.0M (+59%); Engineering Services Revenue +$133K (+7%).