S&P 500
7,488.80
-0.08%
Dow Jones
51,880.50
-0.04%
Nasdaq 100
30,373.60
-0.20%
Russell 2000
3,000.37
-0.18%
FTSE 100
10,451.40
+0.64%
Nikkei 225
73,054.20
-0.10%
Palantir

PLTR Q1 2026 Earnings

Reported May 4, 2026 at 4:06 PM ET · SEC Source

Q1 26 EPS

$0.33

BEAT +18.07%

Est. $0.28

Q1 26 Revenue

$1.63B

BEAT +5.90%

Est. $1.54B

vs S&P Since Q1 26

-20.1%

TRAILING MARKET

PLTR -17.3% vs S&P +2.8%

Market Reaction

Did PLTR Beat Earnings? Q1 2026 Results

Palantir delivered a blowout quarter many anticipated, posting Q1 2026 adjusted EPS of $0.33 against a consensus estimate of $0.28, an 18.07% beat that extended the company's streak of topping consensus EPS estimates to eight consecutive quarters. Re… Read more Palantir delivered a blowout quarter many anticipated, posting Q1 2026 adjusted EPS of $0.33 against a consensus estimate of $0.28, an 18.07% beat that extended the company's streak of topping consensus EPS estimates to eight consecutive quarters. Revenue climbed 84.7% year-over-year to $1.63 billion, ahead of the $1.54 billion analysts had expected by 5.90%, driven by a U.S. Business that more than doubled, with domestic revenue rising 104% year-over-year to $1.28 billion. The engine behind the surge was AI-driven commercial demand, with U.S. Commercial revenue growing 133% year-over-year to $595 million while U.S. Government revenue added 84% to reach $687 million. GAAP operating income expanded to $754 million at a 46% margin, compared to $176.05 million a year ago. Management responded to the momentum by sharply lifting full-year 2026 revenue guidance to $7.65 billion to $7.66 billion, representing roughly 71% year-over-year growth, while raising U.S. Commercial revenue guidance to in excess of $3.22 billion, implying at least 120% growth for the segment.

Key Takeaways

  • • U.S. revenue more than doubled year-over-year, growing 104%
  • • U.S. commercial revenue grew 133% Y/Y driven by AI platform adoption
  • • Rule of 40 score of 145% reflecting combined revenue growth and adjusted operating margin
  • • Closed 206 deals of at least $1 million in the quarter
  • • Total contract value closed of $2.41 billion, up 61% Y/Y
  • • Adjusted operating margin expanded to 60% from 44% Y/Y

PLTR Forward Guidance & Outlook

For Q2 2026, Palantir expects revenue of $1.797–$1.801 billion and adjusted income from operations of $1.063–$1.067 billion. For full year 2026, the company raised revenue guidance to $7.650–$7.662 billion (approximately 71% Y/Y growth), raised U.S. commercial revenue guidance to in excess of $3.224 billion (at least 120% growth), raised adjusted income from operations guidance to $4.440–$4.452 billion, and raised adjusted free cash flow guidance to $4.2–$4.4 billion. The company continues to expect GAAP operating income and net income in each quarter of the year.

24/7 Wall St

PLTR YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

PLTR Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 24 Q1 26
24/7 Wall St

PLTR Revenue by Geography

With YoY comparisons, source: SEC Filings

Q3 24 Q1 26

“Palantir's Rule of 40 score has soared to 145%. We have shattered the metric, a feat matched only by other fellow AI infrastructure companies: NVIDIA, Micron and SK hynix. Momentum surged as we grew 85% last quarter—our highest-ever year-over-year growth rate—by more than doubling our U.S. business, and now we are raising our full-year revenue guidance to 71% growth, 10 points ahead of our guidance from last quarter, driven by our confidence in an accelerating U.S. market.”

— Alex Karp, Q1 2026 Earnings Press Release

Back to PLTR Stock Page