Palantir Shatters Records With 85% Q1 Revenue Surge, Raises FY26 Outlook
Palantir Technologies (PLTR) reported Q1 2026 income of $1.633 billion, up 85% yr over yr.
The outcome represents the corporate’s quickest progress charge and was accompanied by an upward revision of its full-year outlook.
Palantir Q1 Earnings: 85% Revenue Surge, FY26 Guide Hits $7.66 Billion
According to the agency’s Q1 2026 monetary outcomes, US income doubled to $1.282 billion, a 104% year-over-year improve. US business income exploded 133% yr over yr to $595 million.
The US government segment grew 84% to $687 million. GAAP web earnings hit $871 million on a 53% margin. Furthermore, complete contract worth reached $2.41 billion, up 61%, and the corporate closed 206 offers value $1 million or extra. The Rule of 40 rating climbed to 145%.
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Chief Executive Alex Karp positioned Palantir alongside semiconductor giants powering the AI buildout.
“We have shattered the metric, a feat matched solely by different fellow AI infrastructure firms: NVIDIA, Micron, and SK hynix,” Karp said.
Stock response stayed blended. PLTR closed at $146.03, up 1.36%. However, shares slid 2.70% to $142.09 after hours. Overall, Palantir shares are down 17.8% in 2026.
The inventory hunch didn’t deter Karp from elevating the bar. Citing accelerating US demand, the CEO lifted FY 2026 steerage to 71% progress, 10 factors above the prior outlook.
“We are elevating our income steerage to between $7.650 – $7.662 billion,” the press launch learn.
Palantir additionally lifted US business income steerage above $3.224 billion, implying annual progress of a minimum of 120%. Adjusted working earnings steerage moved to a variety of $4.440 billion to $4.452 billion.
Adjusted free money flow projections climbed to between $4.2 billion and $4.4 billion. In addition, the agency mentioned it expects to ship GAAP working earnings and web earnings in each quarter of 2026.
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