The data giant just released a monster Q1 report after the bell, reporting revenue of $1.63 billion and crushing the $1.54 billion Wall Street target…
Earnings came in at 33 cents per share, well above the 28 cent consensus, as the company’s Rule of 40 score hit a staggering 145%…
US Commercial revenue skyrocketed 133% year over year, while Government revenue jumped 84% as the military adopts AI at a wartime pace…
CEO Alex Karp says the company has “shattered” traditional growth metrics, raising guidance for the rest of 2026 as the AI software race goes nuclear…
Palantir isn’t just beating the market, it’s rewriting the rules of the silicon economy.
A 104% jump in total US revenue shows that the domestic AI pivot is no longer a trend, it’s the foundation.
If you were looking for the “safety” in tech, you just found the $1.6 billion answer.
Palantir (PLTR) Q1 2026 Earnings
| Metric | Update | Detail |
| Total Revenue | $1.63 Billion | 85% YoY growth; beat consensus by $90M |
| U.S. Commercial | $595 Million | 133% YoY growth; driven by AIP bootcamps |
| U.S. Government | $687 Million | 84% YoY growth; accelerating on defense AI demand |
| Net Income (GAAP) | $871 Million | $0.34 per share vs. $0.08 in the prior year |
| Rule of 40 Score | 145% | Combined growth + margin; puts PLTR in NVIDIA/Micron territory |
Palantir reports 85% revenue growth in first quarter
“Palantir Technologies Inc. (NASDAQ:PLTR) reported revenue of $1.63 billion for the first quarter ended March 31, 2026, representing an 85% increase year-over-year, according to a press release statement.
U.S. revenue grew 104% year-over-year to $1.28 billion. U.S. commercial revenue increased 133% to $595 million, while U.S. government revenue rose 84% to $687 million.
The company reported GAAP net income of $871 million, or $0.34 per diluted share, compared to $217.7 million, or $0.08 per diluted share, in the same period last year. Adjusted earnings per share was $0.33. The company maintains an impressive gross profit margin of 82%, according to InvestingPro data, which also shows the stock trading above its Fair Value at current levels, placing it on the Most Overvalued stocks list.
Cash from operations totaled $899 million, representing a 55% margin. The company held $8.0 billion in cash, cash equivalents, and short-term U.S. Treasury securities as of quarter-end.”