Palantir beats estimates on AI growth
Palantir Technologies (PLTR) Revenue surged 96% year over year to $2.313 billion, exceeding the approximately $2.18 billion consensus.
GAAP net income climbed to $1.128 billion from approximately $475.6 million, while diluted GAAP EPS rose to $0.44 from $0.18. Adjusted EPS reached $0.44, beating FactSet's comparable $0.41 estimate. Adjusted net income totaled $1.142 billion.
U.S. commercial revenue jumped 148% to $984 million, surpassing U.S. government revenue of $953 million for the first time. Palantir closed 64 deals worth at least $10 million each, while adjusted free cash flow reached $1.216 billion. The company raised full-year 2026 revenue guidance to $8.530–8.534 billion. Stock-based compensation affected non-GAAP reconciliation.
| Metric | Actual | Consensus / prior |
|---|---|---|
| Revenue / YoY growth | $2.313B / +96% | FactSet: ~$2.18B |
| GAAP net income | $1.128B | Prior: ~$475.6M |
| GAAP diluted EPS | $0.44 | Prior: $0.18 |
| Adjusted net income | $1.142B | Company non-GAAP measure |
| Adjusted EPS | $0.44 | FactSet: $0.41 |
| U.S. commercial revenue | $984M | +148% YoY |
| U.S. government revenue | $953M | +96% YoY |
| Q4 2026 revenue guidance | $2.649–2.653B | FactSet: ~$2.46B |
| FY2026 revenue guidance | $8.530–8.534B | Prior: $8.150–8.158B |
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