Quarterly ResultMay 5, 2026, 06:07 AM
Palantir Q1 Revenue +84.7% to $1.63B; Net Income +302.5% to $876.4M
AI Summary
Palantir Technologies Inc. reported a substantial increase in its first-quarter 2026 financial results, with revenue growing 84.7% year-over-year to $1.63 billion and net income surging 302.5% to $876.4 million. Diluted earnings per share rose to $0.34 from $0.08 in the prior year. The company also amended a cloud services agreement, committing to spend at least $5.6 billion over ten years, and noted ongoing legal proceedings.
Key Highlights
- Q1 2026 revenue increased 84.7% year-over-year to $1.63 billion.
- Q1 2026 net income rose 302.5% year-over-year to $876.4 million.
- Diluted EPS for Q1 2026 was $0.34, up from $0.08 in Q1 2025.
- Net cash provided by operating activities for Q1 2026 was $899.2 million.
- Cash and cash equivalents stood at $2.29 billion as of March 31, 2026.
- Remaining performance obligations were $4.5 billion as of March 31, 2026.
- Amended cloud services agreement commits $5.6 billion over ten years through February 2036.
- Oral arguments held March 16, 2026, for the Cupat v. Palantir appeal.
Price Impact
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