Quarterly ResultMay 4, 2026, 04:14 PM
Palantir Q1 Revenue +85% to $1.63B; Raises FY26 Guidance
AI Summary
Palantir Technologies Inc. reported strong financial results for Q1 2026, with total revenue increasing 85% year-over-year to $1.633 billion, driven by a 104% surge in U.S. revenue. The company also significantly raised its full-year 2026 revenue guidance to between $7.650 and $7.662 billion, representing 71% year-over-year growth, and its U.S. commercial revenue guidance to over $3.224 billion, indicating at least 120% growth. CEO Alex Karp highlighted the company's "Rule of 40" score of 145%, attributing momentum to its AI infrastructure.
Key Highlights
- Q1 2026 revenue grew 85% Y/Y to $1.633 billion.
- U.S. revenue increased 104% Y/Y to $1.282 billion.
- U.S. commercial revenue rose 133% Y/Y to $595 million.
- GAAP diluted EPS was $0.34; Adjusted diluted EPS was $0.33.
- Adjusted free cash flow reached $925 million, a 57% margin.
- Raised FY 2026 revenue guidance to $7.650-$7.662 billion (71% Y/Y growth).
- Raised FY 2026 U.S. commercial revenue guidance to over $3.224 billion (120% Y/Y growth).
- Rule of 40 score soared to 145%.