Palantir posts 93% revenue growth, raises FY 2026 outlook

Palantir Technologies Inc. (Nasdaq: PLTR) reported second-quarter revenue of $1.935 billion for the period ended June 30, 2026, up 93% from a year earlier and 19% from the prior quarter, according to a press release furnished with an Aug. 3 Form 8-K. The company also lifted full-year 2026 revenue guidance to between $8.150 billion and $8.158 billion.

U.S. revenue rose 115% year over year to $1.573 billion. Within that, U.S. commercial revenue climbed 149% to $764 million, while U.S. government revenue grew 90% to $809 million. Palantir said it closed $3.373 billion of total contract value in the quarter, including a record $2.132 billion of U.S. commercial TCV, up 153% year over year. U.S. commercial remaining deal value stood at $6.238 billion, up 124% from a year earlier.

On the bottom line, GAAP income from operations was $912 million, a 47% margin. GAAP net income attributable to common stockholders was $1.062 billion, or $0.41 per diluted share. Cash from operations was $1.216 billion. Cash, cash equivalents, and short-term U.S. Treasury securities totaled $9.2 billion at quarter-end.

For the third quarter of 2026, Palantir guided to revenue of $2.160 billion to $2.164 billion and adjusted income from operations of $1.292 billion to $1.296 billion. For full-year 2026, beyond the revenue raise, it lifted U.S. commercial revenue guidance to more than $3.424 billion (at least 134% growth), adjusted income from operations to $4.889 billion to $4.897 billion, and adjusted free cash flow to $4.5 billion to $4.7 billion.

By the numbers

• Q2 revenue: $1.935 billion (+93% y/y)
• U.S. commercial revenue: $764 million (+149% y/y)
• GAAP diluted EPS: $0.41
• FY 2026 revenue guide: $8.150–$8.158 billion
• Cash and short-term Treasuries: $9.2 billion

Sources

1. Palantir Technologies Inc. Form 8-K / Exhibit 99.1, accession 0001321655-26-000039

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