Palladyne AI
PDYN · NASDAQ · Technology
$5.68
$0.07 (-1.22%) today
Market Cap
$280.24M
24h Volume
$10.5M
P/E Ratio
0.0
52w High
$10.30
52w Low
$4.15
Est. AI Revenue
90%
7-Day Sparkline (Static)
Company facts
Performance
About Palladyne AI
Palladyne AI sells software that makes existing robots smarter. Its platform adds AI perception, reasoning, and closed loop autonomy to industrial robots and drones that would otherwise need constant programming or piloting, and the company earns revenue from software licenses and development contracts, including defense work.
Palladyne IQ targets industrial robot arms, letting them adapt to changing parts and tasks without reprogramming. Palladyne Pilot brings collaborative autonomy to small drones, letting multiple aircraft detect and track objects together, a capability aimed at defense customers.
The company traces its roots to Sarcos, a robotics pioneer founded in 1983, and refocused entirely on AI software in 2024 under the Palladyne name. Headquartered in Salt Lake City, Utah, it employs around 160 people and trades on the NASDAQ.
Palladyne AI in the AI buildout
Palladyne sits across the Robotics layer and the Defense AI layer as a software only play: it does not build robots, it supplies the intelligence that upgrades machines already deployed. That positions it to benefit from the installed base of industrial arms and small drones without hardware capital costs. The thesis depends on converting pilots and defense contracts into recurring software revenue at very small current scale, so execution risk is high even though AI exposure is total.
PDYN is tracked in Robotics & Automation and Defense & Aerospace AI, rated Pure Play on the AI Exposure leaderboard.
By the numbers
52-week range
PDYN trades at $5.68, 25% of the way up its 52-week range of $4.15 to $10.30.
Market cap
Market capitalization is $280.24M, with an AI Exposure Score of 90 out of 100.
Next earnings
Palladyne AI is next expected to report earnings on November 11, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Palladyne AI do?
Palladyne AI develops embodied AI software that gives industrial robots and drones closed loop autonomy. Its products let machines observe, reason, and adapt in real time without constant reprogramming or human piloting. Revenue comes from software licensing and development contracts, including United States defense programs.
How is Palladyne AI exposed to AI?
The entire company is AI software; there is no hardware or legacy business remaining. Supercycle rates it Pure Play with an AI Exposure Score of 90 out of 100, reflecting total AI dependence at a very early stage of commercial scale.
What are Palladyne IQ and Palladyne Pilot?
Palladyne IQ is software for industrial robot arms that handles changing parts, tasks, and environments without reprogramming. Palladyne Pilot enables collaborative drone autonomy, letting multiple small drones share detection and tracking data in flight, a capability developed with defense applications in mind.
Is PDYN a pure play AI stock?
Yes. Every product is AI autonomy software, placing it in Supercycle's Pure Play tier. It is an early stage company, with revenue only beginning to scale, which distinguishes it from pure plays already operating at large commercial scale.
Who leads Palladyne AI?
Benjamin Wolff serves as chairman and chief executive. He led the company through its transition from Sarcos, the robotics firm known for exoskeletons and dexterous robotic systems, into a pure AI software business renamed Palladyne AI in 2024.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.