Palantir Reports Q1 2026 U.S. Revenue Growth of 104% Y/Y and Revenue Growth of 85% Y/Y; Raises FY 2026 Revenue Guidance to 71% Y/Y Growth and U.S. Comm Revenue Guidance to 120% Y/Y, Crushing Consensus Expectations

MIAMI--(BUSINESS WIRE)--Palantir Technologies Inc. (NASDAQ:PLTR) today announced financial results for the first quarter ended March 31, 2026. “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,” said Alex Karp, Co-Founder and Chief Executive Officer of Palantir Technologies. Q1 2026 Highlights U.S. revenue grew 104% year-over-year and 19% quarter-over-quarter to $1.282 billion U.S. commercial revenue grew 133% year-over-year and 18% quarter-over-quarter to $595 million U.S. government revenue grew 84% year-over-year and 21% quarter-over-quarter to $687 million Revenue grew 85% year-over-year and 16% quarter-over-quarter to $1.633 billion Closed 206 deals of at least $1 million, 72 deals of at least $5 million, and 47 deals of at least $10 million Closed total contract value (“TCV”) of $2.41 billion, up 61% year-over-year Closed $1.176 billion of U.S. commercial TCV, up 45% year-over-year U.S. commercial remaining deal value (“RDV”) of $4.92 billion, up 112% year-over-year and 12% quarter-over-quarter GAAP income from operations of $754 million, representing a 46% margin Adjusted income from operations of $984 million, representing a 60% margin Rule of 40 score of 145% GAAP net income of $871 million, representing a 53% margin Cash from operations of $899 million, representing a 55% margin Adjusted free cash flow of $925 million, representing a 57% margin GAAP earnings per share (“EPS”) of $0.34 Adjusted EPS of $0.33 Cash, cash equivalents, and short-term U.S. Treasury securities of $8.0 billion Q1 2026 Financial Summary (Unaudited) (Amounts in thousands, except percentages and per share amounts) First Quarter Amount Revenue $ 1,632,583 Year-over-year growth 85 % Amount Margin Income from Operations $ 753,998 46 % Adjusted Income from Operations $ 983,545 60 % Cash from Operations $ 899,165 55 % Adjusted Free Cash Flow $ 924,630 57 % Net Income Attributable to Common Stockholders $ 870,527 53 % Adjusted Net Income Attributable to Common Stockholders $ 856,450 Adjusted EBITDA $ 990,310 61 % GAAP EPS, Diluted $ 0.34 Adjusted EPS, Diluted $ 0.33 Outlook For Q2 2026, we expect: Revenue of between $1.797 - $1.801 billion. Adjusted income from operations of between $1.063 - $1.067 billion. For full year 2026: We are raising our revenue guidance to between $7.650 - $7.662 billion. We are raising our U.S. commercial revenue guidance to in excess of $3.224 billion, representing a growth rate of at least 120%. We are raising our adjusted income from operations guidance to between $4.440 - $4.452 billion. We are raising our adjusted free cash flow guidance to between $4.2 - $4.4 billion. And we continue to expect GAAP operating income and net income in each quarter of this year. CEO Letter Palantir CEO Alex Karp’s quarterly letter is available through Palantir’s website at https://www.palantir.com/newsroom/letters. Earnings Webcast A live public webcast will be held at 5:00 PM ET today to discuss the results for our first quarter ended March 31, 2026 and financial outlook. The webcast can be accessed by registering online at https://palantir.events/palantirearnings-q12026. A replay of the webcast will be available at https://investors.palantir.com following the event. An investor presentation, including supplemental financial information and reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, will be available through Palantir’s Investor Relations website at https://investors.palantir.com. Forward-Looking StatementsRead the full story here

Palantir Reports Q1 2026 U.S. Revenue Growth of 104% Y/Y and Revenue Growth of 85% Y/Y; Raises FY 2026 Revenue Guidance to 71% Y/Y Growth and U.S. Comm Revenue Guidance to 120% Y/Y, Crushing Consensus Expectations

Autres actualités de l'entreprise