Palladyne AI Corp. (NASDAQ:PDYN) shares are trading higher after the company raised its 2026 revenue guidance.
Major Revenue Growth Signals Bright Future
Palladyne said it now expects full-year 2026 revenue in the range of $24 million to $27 million, signaling a step-change in operating scale following the integration of recent acquisitions and expanding contracted customer demand.
The updated guidance represents growth of approximately 336% to 440% compared with preliminary full-year 2025 revenue of $5 million to $5.5 million. The company noted that its 2025 revenue primarily reflects legacy operations and only about six weeks of contribution from the GuideTech, Warnke Precision Machining and MKR Fabricators acquisitions completed in late 2025.
Palladyne said the higher guidance is supported by contracted demand, customer activity, and the integration of recently acquired businesses. As of Dec. 31, the company reported backlog of more than $13 million, up from approximately $10 million in mid-November 2025. Palladyne expects a majority of this backlog to convert into revenue over the next 12 months.
The company also reported cash and cash equivalents of approximately $47 million as of Dec. 31, which it said supports near-term operational requirements, integration activities, and execution of existing customer programs as it enters fiscal year 2026.
Palladyne Shares Soar During Early Trading
PDYN Price Action: At the time of writing, Palladyne shares are trading 10.53% higher at $6.94, according to data from Benzinga Pro.
This illustration was generated using artificial intelligence via Midjourney.
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