• Palladyne AI announced preliminary Q2 2026 revenue of approximately $5.8 million, representing a 480% year-over-year increase and 66% sequential growth.
  • Backlog also saw significant growth, reaching approximately $24.0 million with $12.5 million in new contracts added during the quarter.
  • The stock continues to benefit from recent U.S. Army and Air Force defense AI contract momentum for its SwarmOS and Gremlin-X platforms.