Palantir reports strong Q1 2026 earnings with 85% revenue growth

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Palantir Reports Q1 2026 U.S. Revenue Growth of 104% Y/Y and Revenue Growth of 85% Y/Y; Raises FY 2026 Revenue Guidance to 71% Y/Y Growth and U.S. Comm Revenue Guidance to 120% Y/Y, Crushing Consensus

May 4, 2026 4:05 PM EDT

MIAMI--(BUSINESS WIRE)-- Palantir Technologies Inc. (NASDAQ: PLTR) today announced financial results for the first quarter ended March 31, 2026.

Palantir's Rule of 40 score has soared to 145%. We have shattered the metric, a feat matched only by other fellow AI infrastructure companies: NVIDIA, Micron and SK hynix. Momentum surged as we grew 85% last quarterour highest-ever year-over-year growth rateby more than doubling our U.S. business, and now we are raising our full-year revenue guidance to 71% growth, 10 points ahead of our guidance from last quarter, driven by our confidence in an accelerating U.S.... More