Palantir Technologies (PLTR) reported Q1 2026 revenue of $1.633 billion, up 85% year over year.
This result represents the company’s fastest growth and was accompanied by a review of its annual performance.
Palantir Q1 Earnings: 85% Revenue Surge, FY26 Guide Hits $7.66 Billion
According to the financial results of the company Q1 2026, US revenue rose to $ 1.282 billion, an increase of 104% year-on-year. US trade revenue exploded 133% year over year to $595 million.
US the state sector grew 84% to $687 million. GAAP net income hit $871 million for a 53% increase. In addition, total contract revenue reached $2.41 billion, up 61%, and the company closed 206 contracts worth $1 million or more. Rule of 40 score increased to 145%.
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Chief Executive Alex Karp put Palantir together with semiconductor giants that help build AI.
“We’ve broken metrics, which are similar to other AI companies: NVIDIA, Micron, and SK hynix,” Karp said. he said.
Stock reaction was mixed. Picture of PLTR closed at 146.03 $has changed by 1.36%. However, shares fell 2.70% to $142.09 after hours. Overall, Palantir shares fell 17.8% in 2026.
The price drop didn’t stop Karp from raising the bar. To mention advancing US interestsThe CEO raised guidance for FY 2026 to 71% growth, 10 points above previous estimates.
“We are raising our financial guidance to between $7.650 – $7.662 billion,” the press release read.
Palantir also raised its US marketing budget to more than $3.224 billion, representing year-over-year growth of 120%. The revised operating income guidance moved from $4.440 billion to $4.452 billion.
Free exchange rates the output index went up to between $4.2 billion and $4.4 billion. Additionally, the company said it expects to report GAAP operating income and net income in each quarter of 2026.
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A note Palantir Shatters Records With 85% Q1 Revenue Surge, Raises FY26 Outlook appeared for the first time BeInCrypto.
