Palantir Q1 revenue up 85% YoY to $1.63B; raises FY2026 guidance to 71% growth

Palantir Technologies Inc.

2026-Q1 EPS reported $0.34 revenue$1,632,583,000

Revenue $1.633B (+85% YoY, +16% QoQ); U.S. revenue $1.282B (+104% YoY).
GAAP net income $871M (53% margin); EPS $0.34; adjusted EPS $0.33.
Raises FY2026 revenue guidance to $7.65-$7.662B (71% growth); U.S. commercial rev. >$3.224B (+120%).
Rule of 40 score 145%; closed TCV $2.41B (+61% YoY); 206 deals ≥$1M.
Q2 2026 revenue guidance $1.797-$1.801B; adjusted income from ops $1.063-$1.067B.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Palantir Technologies Inc. reported the first quarter ended March 31, 2026 results: revenue $1.633 billion, net income $871 million, EPS $0.34. Guidance raised.

Period: the first quarter ended March 31, 2026
Revenue: $1.633 billion
Net income: $871 million
EPS: $0.34
Guidance: raised
Result: reported results

Exact text from the filing

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%

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