Palantir Reports 85% Q1 Revenue Surge to $1.63 Billion, Raises Full-Year Outlook

Palantir Technologies reported Q1 2026 revenue of $1.633 billion on May 5, 2026, an 85% year-over-year increase representing the company's fastest growth rate. The results beat analyst expectations of $1.54 billion in revenue and $0.28 adjusted EPS, with Palantir posting $0.33 adjusted EPS. The company raised its full-year 2026 revenue guidance to $7.66 billion.

Q1 2026 financial results

• ▪Palantir Technologies reported Q1 2026 revenue of $1.633 billion.
• ▪Palantir Technologies beat Wall Street's first-quarter expectations on May 5, 2026.
• ▪Analysts tracked by LSEG expected Palantir Technologies Q1 2026 revenue of $1.54 billion.
• ▪Analysts tracked by LSEG expected Palantir Technologies Q1 2026 adjusted earnings per share of $0.28.
• ▪Palantir Technologies reported adjusted EPS of $0.33 for Q1 2026.

Revenue growth performance

• ▪Palantir Technologies Q1 2026 revenue increased 85% year over year.
• ▪Palantir Technologies Q1 2026 revenue growth represents the company's fastest growth rate.
• ▪Palantir Technologies Q1 2026 revenue increased 16% from the previous quarter.

Full-year outlook revision

• ▪Palantir Technologies raised its full-year 2026 outlook.
• ▪Palantir Technologies full-year 2026 revenue guidance is $7.66 billion.

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