Palladyne AI — Third Quarter 2026 Earnings Summary

Palladyne AI reported record third-quarter 2026 revenue of $8.6 million, representing an 895% increase year-over-year and a 48% increase sequentially. The company raised its full-year 2026 revenue guidance to a range of $25 million to $27 million, reflecting expected growth of 377% to 415% compared to 2025. Operational highlights included the expiration of 20.5 million warrants and 2.3 million contingent shares, which reduced fully diluted shares by 9%, and the delivery of next-generation BRAIN FC-1 flight computers. Despite a GAAP net loss of $12.0 million for the quarter, the company maintained $47.0 million in cash and marketable securities to support continued growth into 2027.