Palantir Reports Q2 2026 U.S. Comm Revenue Growth of 149% Y/Y and Revenue Growth of 93% Y/Y; Raises FY 2026 Revenue Guidance to 82% Y/Y Growth and U.S. Comm Revenue Guidance to 134% Y/Y, Crushing Consensus Expectations

MIAMI--(BUSINESS WIRE)--Palantir Technologies Inc. (NASDAQ:PLTR) today announced financial results for the second quarter ended June 30, 2026. “Demand for AI sovereignty has now been unleashed. And Palantir is the only company that has demonstrated it can transform tokens into actual economic value. Our customers trust us to provide them with maximal control over their operations, data, and decisions. Their competitive advantage should never become the training data for future models. This quarter was otherworldly: our U.S. commercial revenue grew 149% year-over-year, our overall revenue grew 93% year-over-year, and our Rule of 40 score climbed to 155%. The sovereign AI revolution makes us very optimistic about the future,” said Alex Karp, Co-Founder and Chief Executive Officer of Palantir Technologies. Q2 2026 Highlights U.S. revenue grew 115% year-over-year and 23% quarter-over-quarter to $1.573 billion U.S. commercial revenue grew 149% year-over-year and 28% quarter-over-quarter to $764 million U.S. government revenue grew 90% year-over-year and 18% quarter-over-quarter to $809 million Revenue grew 93% year-over-year and 19% quarter-over-quarter to $1.935 billion Closed 220 deals of at least $1 million, 98 deals of at least $5 million, and 73 deals of at least $10 million Closed total contract value (“TCV”) of $3.373 billion, up 49% year-over-year Closed a record-setting $2.132 billion of U.S. commercial TCV, up 153% year-over-year U.S. commercial remaining deal value (“RDV”) of $6.238 billion, up 124% year-over-year and 27% quarter-over-quarter GAAP income from operations of $912 million, representing a 47% margin Adjusted income from operations of $1.194 billion, representing a 62% margin Rule of 40 score of 155% GAAP net income of $1.062 billion, representing a 55% margin Cash from operations of $1.216 billion, representing a 63% margin Adjusted free cash flow of $1.220 billion, representing a 63% margin GAAP earnings per share (“EPS”) of $0.41 Adjusted EPS of $0.41 Cash, cash equivalents, and short-term U.S. Treasury securities of $9.2 billion Q2 2026 Financial Summary (Unaudited) (Amounts in thousands, except percentages and per share amounts) Second Quarter Amount Revenue $ 1,935,464 Year-over-year growth 93 % Amount Margin Income from Operations $ 912,004 47 % Adjusted Income from Operations $ 1,194,472 62 % Cash from Operations $ 1,216,167 63 % Adjusted Free Cash Flow $ 1,220,359 63 % Net Income Attributable to Common Stockholders $ 1,061,890 55 % Adjusted Net Income Attributable to Common Stockholders $ 1,047,001 Adjusted EBITDA $ 1,202,692 62 % GAAP EPS, Diluted $ 0.41 Adjusted EPS, Diluted $ 0.41 Outlook For Q3 2026, we expect: Revenue of between $2.160 – $2.164 billion. Adjusted income from operations of between $1.292 – $1.296 billion. For full year 2026: We are raising our revenue guidance to between $8.150 – $8.158 billion. We are raising our U.S. commercial revenue guidance to in excess of $3.424 billion, representing a growth rate of at least 134%. We are raising our adjusted income from operations guidance to between $4.889 – $4.897 billion. We are raising our adjusted free cash flow guidance to between $4.5 – $4.7 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 second quarter ended June 30, 2026 and financial outlook. The webcast can be accessed by registering online at https://palantir.events/palantirearnings-q22026. 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 Q2 2026 U.S. Comm Revenue Growth of 149% Y/Y and Revenue Growth of 93% Y/Y; Raises FY 2026 Revenue Guidance to 82% Y/Y Growth and U.S. Comm Revenue Guidance to 134% Y/Y, Crushing Consensus Expectations

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