Palantir Technologies Inc stock (US69608A1088): Q1 profit surges on 85% revenue jump, guidance raised

Palantir Technologies Inc reports Q1 2026 revenue of $1.63 billion, up 85% year over year, with sharply higher net income and raised full?year guidance.

Palantir Technologies Inc has reported a strong first quarter, with revenue of $1.63 billion in Q1 2026, representing an 85% increase year over year, according to the company’s business update and earnings summary published on May 6, 2026.Palantir Reports Q1 2026 US Revenue Growth of 104% Y/Y and Revenue Growth of 85% Y/Y, Raises FY 2026 Revenue Guidance to 71% Y/Y Growth and US Comm Revenue Guidance to 120% Y/Y, Crushing Consensus Expectations as of 05/06/2026 Net income attributable to common stockholders reached $870.5 million, while diluted earnings per share came in at $0.34, reflecting a substantial improvement versus prior?year levels.

Both government and commercial segments contributed to the growth, with government revenue at $858.4 million and commercial revenue at $774.2 million, indicating broadening adoption of Palantir’s data?integration and AI platforms across sectors.Palantir (NYSE: PLTR) Q1 profit surges on 85% revenue jump as of 05/06/2026 The company also highlighted $899.2 million in operating cash flow and $4.5 billion in remaining performance obligations, underscoring the durability of its contracted revenue base.

Palantir has raised its full?year 2026 revenue guidance to a range of $7.650–7.662 billion, implying roughly 71% year?over?year growth, and increased its U.S. commercial revenue guidance to more than $3.224 billion, well above prior consensus expectations.Palantir Reports Q1 2026 US Revenue Growth of 104% Y/Y and Revenue Growth of 85% Y/Y, Raises FY 2026 Revenue Guidance to 71% Y/Y Growth and US Comm Revenue Guidance to 120% Y/Y, Crushing Consensus Expectations as of 05/06/2026 The stock trades on the New York Stock Exchange under the ticker PLTR, with shares outstanding of about 2.39 billion as of the latest annual data.Palantir (PLTR) Financials & Income Statement as of 05/06/2026

As of: 09.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: Palantir Technologies Inc
• Sector/industry: Software, data analytics and artificial intelligence
• Headquarters/country: Denver, Colorado, United States
• Core markets: U.S. government, defense, intelligence, and commercial enterprises globally
• Key revenue drivers: Government contracts, commercial AI and data?integration platforms, remaining performance obligations
• Home exchange/listing venue: New York Stock Exchange (ticker: PLTR)
• Trading currency: U.S. dollar

Palantir Technologies Inc: core business model

Palantir Technologies Inc builds software platforms that integrate, analyze and visualize large and complex datasets for government agencies and commercial clients.Palantir Reports Q1 2026 US Revenue Growth of 104% Y/Y and Revenue Growth of 85% Y/Y, Raises FY 2026 Revenue Guidance to 71% Y/Y Growth and US Comm Revenue Guidance to 120% Y/Y, Crushing Consensus Expectations as of 05/06/2026 Its flagship offerings include platforms tailored for national security, defense and intelligence use cases, as well as enterprise?grade tools that help companies manage supply chains, operations and customer data.

The company’s business model centers on long?term contracts and platform?based licensing, often with multi?year terms and recurring revenue streams.Palantir (NYSE: PLTR) Q1 profit surges on 85% revenue jump as of 05/06/2026 This structure supports high gross margins, with historical figures above 80%, and allows Palantir to scale its software infrastructure across a growing base of customers without proportionally increasing direct costs.

Palantir’s platforms are designed to connect disparate data sources, apply machine?learning models and deliver decision?support tools to users in both secure government environments and regulated commercial sectors such as healthcare, energy and financial services.Palantir Reports Q1 2026 US Revenue Growth of 104% Y/Y and Revenue Growth of 85% Y/Y, Raises FY 2026 Revenue Guidance to 71% Y/Y Growth and US Comm Revenue Guidance to 120% Y/Y, Crushing Consensus Expectations as of 05/06/2026 This focus on mission?critical and data?intensive workflows positions the company at the intersection of national?security spending and enterprise digital?transformation trends.

Main revenue and product drivers for Palantir Technologies Inc

Palantir’s revenue is split between government and commercial segments, both of which expanded sharply in Q1 2026.Palantir (NYSE: PLTR) Q1 profit surges on 85% revenue jump as of 05/06/2026 Government revenue reached $858.4 million, driven by continued demand from U.S. defense, intelligence and civilian agencies, while commercial revenue hit $774.2 million as more enterprises adopt Palantir’s AI?enabled analytics tools.

Within the commercial segment, U.S. commercial revenue is a key growth lever, with the company raising its full?year 2026 guidance for this line to more than $3.224 billion, implying roughly 120% year?over?year growth.Palantir Reports Q1 2026 US Revenue Growth of 104% Y/Y and Revenue Growth of 85% Y/Y, Raises FY 2026 Revenue Guidance to 71% Y/Y Growth and US Comm Revenue Guidance to 120% Y/Y, Crushing Consensus Expectations as of 05/06/2026 This trajectory reflects both new customer wins and deeper penetration within existing accounts, as companies seek to leverage AI for operational efficiency and risk management.

Palantir’s remaining performance obligations of $4.5 billion signal a sizable backlog of contracted revenue, which can support visibility into future quarters.Palantir (NYSE: PLTR) Q1 profit surges on 85% revenue jump as of 05/06/2026 Over the past fiscal years, the company has grown annual revenue from about $1.54 billion in 2021 to an estimated $7.65–7.66 billion in 2026, with net income and free cash flow improving markedly as scale and operating leverage increase.Palantir (PLTR) Financials & Income Statement as of 05/06/2026

Conclusion

Palantir Technologies Inc has delivered a robust Q1 2026, with revenue of $1.63 billion, 85% year?over?year growth and sharply higher net income, while raising its full?year 2026 revenue guidance to about $7.65–7.66 billion.Palantir Reports Q1 2026 US Revenue Growth of 104% Y/Y and Revenue Growth of 85% Y/Y, Raises FY 2026 Revenue Guidance to 71% Y/Y Growth and US Comm Revenue Guidance to 120% Y/Y, Crushing Consensus Expectations as of 05/06/2026 The company’s dual?segment model, combining government and commercial demand, and its sizable remaining performance obligations provide a degree of revenue visibility.

However, Palantir remains exposed to policy and budget shifts in the U.S. government sector, as well as to competition in the broader AI and data?analytics space.Palantir (NYSE: PLTR) Q1 profit surges on 85% revenue jump as of 05/06/2026 For US investors, the stock offers exposure to high?growth AI and data?analytics themes but also carries valuation and execution risks that should be weighed carefully.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.