Palantir Q2 2026 Financial Results:
Revenue of $1.935 billion, up 93% year-over-year; adjusted EPS of $0.41.
U.S. revenue reached $1.573 billion, up 115% year-over-year and 23% quarter-over-quarter.
U.S. commercial revenue reached $764 million, up 149% year-over-year and 28% quarter-over-quarter.
U.S. government revenue reached $809 million, up 90% year-over-year and 18% quarter-over-quarter.
Alex Karp, Co-Founder and CEO of Palantir Technologies, stated:
“Demand for AI sovereignty has now exploded. Palantir is the only company that has demonstrated the ability to convert tokens into real economic value. Our customers trust us to help them maximize control over their operations, data, and decision-making. Their competitive advantage should never become training data for future models. This quarter’s results were exceptional: U.S. commercial revenue grew 149% year-over-year, total revenue increased 93% year-over-year, and our Rule of 40 score soared to 155%. The AI sovereignty revolution gives us great confidence in the future.”
Q3 and Full-Year Guidance:
For the third quarter of 2026, the company expects:
Revenue between $2.16 billion and $2.164 billion.
Adjusted revenue is expected to be between $1.292 billion and $1.296 billion.
Full year 2026:
Revenue guidance has been raised to a range of $8.15 billion to $8.158 billion.
U.S. commercial revenue guidance has been raised to over $3.424 billion, representing growth of at least 134%.
Adjusted revenue guidance has been raised to a range of $4.889 billion to $4.897 billion.
Adjusted free cash flow guidance has been raised to a range of $4.5 billion to $4.7 billion.
GAAP operating income and net income are expected to be achieved in each quarter this year.
Editor/Liam