In this paper, we study the optimization landscape induced by the true loss for shallow polynomial neural networks (PNNs) with $\mathfrak{h} \in \mathbb{N}$ neurons on the hidden layer, one-dimensional input and output layers, and a monomial activation of degree $d \in \mathbb{N}$, trained against a non-constant affine linear target function. Our first main result provides for arbitrary activation degree $d$ a sharp existence/non-existence criterion for \emph{global minimizers} with necessary structural conditions. We show that the infimum of the loss is always zero and achievable with at least $d$ active and visible hidden neurons -- that is, hidden neurons with non-zero inner and outer weights -- with pairwise distinct pivots. In contrast, if $\mathfrak{h} < d$, then the infimum cannot be attained and any minimizing sequence of parameters necessarily diverges to infinity. In the second main result, we provide a complete classification of all critical points of the loss function for the cubic activation. We show that the loss landscape admits no \emph{local maximizers}, critical points cannot have exactly two distinct pivots, global minimizers require at least three distinct pivots, critical points with no active hidden neurons correspond to \emph{saddle points} only, and consequently, \emph{non-global local minimizers} and non-trivial saddle points arise only in networks where all pivots coincide. Moreover, non-global local minimizers require all hidden neurons to be active and visible with exactly one hidden neuron having a slope sign matching that of the target function. Our second main result also guarantees that each hidden neuron of a critical point that is not a global minimizer has either input-dependent or zero contribution, but has no nonzero input-independent contribution, to its corresponding realization function.
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