Palantir Applied sciences (PLTR) reported Q1 2026 income of $1.633 billion, up 85% yr over yr.
The consequence represents the corporate’s quickest progress fee and was accompanied by an upward revision of its full-year outlook.
Palantir Q1 Earnings: 85% Income Surge, FY26 Information Hits $7.66 Billion
In line with the agency’s Q1 2026 monetary outcomes, US income doubled to $1.282 billion, a 104% year-over-year improve. US industrial income exploded 133% yr over yr to $595 million.
The US authorities phase grew 84% to $687 million. GAAP web revenue hit $871 million on a 53% margin. Moreover, whole contract worth reached $2.41 billion, up 61%, and the corporate closed 206 offers value $1 million or extra. The Rule of 40 rating climbed to 145%.
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Chief Government Alex Karp positioned Palantir alongside semiconductor giants powering the AI buildout.
“Now we have shattered the metric, a feat matched solely by different fellow AI infrastructure corporations: NVIDIA, Micron, and SK hynix,” Karp mentioned.
Inventory response stayed combined. PLTR closed at $146.03, up 1.36%. Nonetheless, shares slid 2.70% to $142.09 after hours. Total, Palantir shares are down 17.8% in 2026.
The inventory hunch didn’t deter Karp from elevating the bar. Citing accelerating US demand, the CEO lifted FY 2026 steerage to 71% progress, 10 factors above the prior outlook.
“We’re elevating our income steerage to between $7.650 – $7.662 billion,” the press launch learn.
Palantir additionally lifted US industrial income steerage above $3.224 billion, implying annual progress of no less than 120%. Adjusted working revenue steerage moved to a variety of $4.440 billion to $4.452 billion.
Adjusted free money move projections climbed to between $4.2 billion and $4.4 billion. As well as, the agency mentioned it expects to ship GAAP working revenue and web revenue in each quarter of 2026.
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The publish Palantir Shatters Information With 85% Q1 Income Surge, Raises FY26 Outlook appeared first on BeInCrypto.