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Palladyne AI Corp. PDYN Q1 2026 earnings

Reported May 5, 2026 · Before market open

Revenue$3.5MMiss by $1.4M
EPS-$0.28Miss by $0.12
Revenue estimate$4.9M
EPS estimate-$0.17

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$5.8M
EPS estimate-$0.23
View report

Financials

Q1 2026

Income statement

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Revenue$3.5M+107%
Gross profit$1.1M-21.5%
Operating income-$11.9M-72.0%
Net income-$12.6M-155%
EPS (diluted)-$0.28-151%

Balance sheet

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Cash & equivalents$17.9M+77.5%
Total debt$10.5M-1.7%
Total equity$69.9M+147%
Total assets$92.6M+46.2%

Cash flow

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Operating cash flow-$10.2M-36.2%
CapEx$27.0K-71.0%
Free cash flow-$10.3M-34.9%

Valuation & ratios

Valuation

as of 07/28/26
See full
Market cap$244.25M-21.1%
Enterprise value$236.93M—
P/S20.6×—

Profitability

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Gross margin32%-35.7pp
Operating margin-528.6%+139pp
FCF margin-438.3%+73.6pp

Returns & leverage

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Debt / equity0.2×-0.2×
Current ratio7.8×-8.2×

Segments

By product

See full
Engineering Services Revenue$1.8M—
Product Revenue$1.7M—
Product Development Contract Revenue$67.0K-96.1%

By geography

See full
Non Us-—

Versus estimates

Revenue

Q1 2026$3.5MMiss by $1.4M
Q4 2025$1.7MBeat by $852.0KQ3 2025$860.0KBeat by $51.0KQ2 2025$1.0MMiss by $139.0KQ1 2025$1.7MBeat by $350.0KQ4 2024$761.0KIn line

Diluted EPS

Q1 2026-$0.28Miss by $0.12
Q4 2025-$0.16Miss by $0.07Q3 2025-$0.09Beat by $0.09Q2 2025-$0.20In lineQ1 2025$0.55Beat by $0.76Q4 2024-$1.95Miss by $1.69

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Questions, answered.

When did Palladyne AI Corp. report Q1 2026 earnings?
Palladyne AI Corp. (PDYN) reported Q1 2026 earnings on May 5, 2026 before market open.
What were Palladyne AI Corp.'s Q1 2026 revenue and EPS?
Palladyne AI Corp. reported revenue of $3.5M and eps of $-0.28 for Q1 2026.
Did Palladyne AI Corp. beat estimates in Q1 2026?
Revenue missed the consensus estimate of $4.9M by $1.4M. EPS missed the consensus estimate of $-0.17 by $0.12.
How did Palladyne AI Corp.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 106.9% from $1.7M a year earlier.
Where can I find Palladyne AI Corp.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-205033) and the 10-Q periodic report (0001193125-26-205042) directly on SEC EDGAR. The filing index links above go to sec.gov.