Filing Flows › Palladyne AI (PDYN) › Q2 2026
Palladyne AI (PDYN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Palladyne AI (PDYN) reported revenue of $5.8M for the second quarter 2026 (Q2 2026), +470% from a year earlier and +63% from the quarter before. Operating margin was -231.9%, net loss $12.3M (213.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.8M | +63% | +470% |
| Operating profit | −$13.4M | — | — |
| Net earnings | −$12.3M | — | — |
| Operating cash flow | −$10.2M | — | — |
What changed
Revenue was $5.8M in Q2 2026, up 470% year over year and up 63% from the previous quarter. Product Revenue was the largest line at 47% of revenue. Product Revenue added $2.7M year over year (up 89600%), 56% of the total change.
Operating costs exceeded revenue by $13.4M, an operating margin of -231.9%. Total costs grew 111% against revenue growth of 470%. The fastest-growing cost line was Cost of revenue (+765%). The quarter ended with a net loss of $12.3M, narrower than the previous quarter's $12.6M loss.
Operating cash flow was −$10.2M. Non-cash charges added back $756K of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items used $892K. Capital expenditures of $862K exceeded it, leaving free cash flow of −$11.0M.
Questions
What was Palladyne AI's revenue in the second quarter 2026?
Palladyne AI (PDYN) reported revenue of $5.8M for the second quarter 2026 (Q2 2026), +470% from a year earlier and +63% from the quarter before.
Was Palladyne AI profitable in the second quarter 2026?
Operating loss was $13.4M (-231.9% of revenue) and net loss $12.3M.
Source: Palladyne AI 10-Q on SEC EDGAR.