Palladyne AI (PDYNW) reported second-quarter 2026 revenue of $5.8 million, up 470% year over year and 63% sequentially. GAAP net loss was $12.3 million, or $0.27 per basic and diluted share.
The company said backlog was $24.6 million as of June 30, 2026, net of revenue recognized, reflecting about $13.0 million in new contract awards during the quarter. Palladyne AI reiterated full-year 2026 revenue guidance of $24.0 million to $27.0 million and said it expects sequential revenue growth in the third quarter.
- Operating loss was $13.4 million, compared with $8.1 million in the second quarter of 2025.
- Cash, cash equivalents and marketable securities totaled $43.7 million as of June 30, 2026.
- Second-quarter results included a $0.8 million non-cash gain on warrant liability revaluation.
- The company signed an exclusive U.S. partnership with Israel Aerospace Industries for HARPY, HAROP and Mini HARPY loitering munitions.
- Palladyne AI was selected for two U.S. Army contracts under the Disruptive Applications Broad Agency Announcement.
$PDYNW Hedge Fund Activity
We have seen 2 institutional investors add shares of $PDYNW stock to their portfolio, and 9 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FIFTH THIRD BANCORP removed 147,865 shares (-63.6%) from their portfolio in Q2 2026, for an estimated $4,739
- ENVESTNET ASSET MANAGEMENT INC removed 147,865 shares (-63.6%) from their portfolio in Q2 2026, for an estimated $4,739
- VIRTU FINANCIAL LLC added 62,332 shares (+inf%) to their portfolio in Q1 2026, for an estimated $4,469
- GTS SECURITIES LLC removed 49,883 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $3,576
- GREENLAND CAPITAL MANAGEMENT LP removed 37,512 shares (-10.9%) from their portfolio in Q1 2026, for an estimated $2,689
- BLUE OWL CAPITAL HOLDINGS LP removed 35,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $2,509
- WOLVERINE ASSET MANAGEMENT LLC removed 25,331 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $1,816
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
