Palladyne AI (PDYN) Q2 FY26 earnings call

Palladyne AI delivered a strong second quarter, marked by record revenue and significant backlog expansion, driven by increasing traction in defense programs and strategic partnerships. The company's collaborative autonomy solutions are gaining operational validation in real-world military exercises, positioning it for future growth despite higher-than-average cash burn and initial margin pressures from capacity investments. Management reiterated full-year revenue and cash burn guidance, expressing confidence in continued momentum.