Palantir Posts 'Otherworldly' Q2 Double Beat, Raises Guidance Across All Key Metrics
Palantir Technologies Inc (NASDAQ: PLTR ) reported financial results for the second quarter of 2026 after the closing bell on Monday. Here’s a look at the key details from the print. Palantir Technologies shares are trending higher. Why are PLTR shares climbing? Palantir Q2 Key Metrics Palantir reported second-quarter revenue of $1.94 billion, beating analyst estimates of $1.80 billion. The AI software company reported adjusted earnings of 41 cents per share for the quarter, beating estimates of 35 cents per share, according to Pro. Total revenue was up 93% year-over-year in the quarter as U.S. revenue grew 115% year-over-year to $1.57 billion. U.S. Commercial revenue increased 149% year-over-year to $764 million and U.S. Government revenue jumped 90% year-over-year to $809 million. Palantir noted that its Rule of 40 score is now at 155%. “Demand for AI sovereignty has now...
Palantir Technologies Inc (NASDAQ: PLTR ) reported financial results for the second quarter of 2026 after the closing bell on Monday.
Here’s a look at the key details from the print.
Palantir Technologies shares are trending higher.
Why are PLTR shares climbing? Palantir Q2 Key Metrics Palantir reported second-quarter revenue of $1.94 billion, beating analyst estimates of $1.80 billion.
The AI software company reported adjusted earnings of 41 cents per share for the quarter, beating estimates of 35 cents per share, according to Pro.
Total revenue was up 93% year-over-year in the quarter as U.S. revenue grew 115% year-over-year to $1.57 billion.
U.S.
Commercial revenue increased 149% year-over-year to $764 million and U.S.
Government revenue jumped 90% year-over-year to $809 million.
Palantir noted that its Rule of 40 score is now at 155%. “Demand for AI sovereignty has now been unleashed.
And Palantir is the only company that has demonstrated it can transform tokens into actual economic value,” said Alex Karp, co-founder and CEO of Palantir. “This quarter was otherworldly: our U.S. commercial revenue grew 149% year-over-year, our overall revenue grew 93% year-over-year, and our Rule of 40 score climbed to 155%.
The sovereign AI revolution makes us very optimistic about the future.” Palantir said it closed 220 deals worth over $1 million during the quarter, 98 deals worth at least $5 million and 73 deals worth at least $10 million.
Palantir generated $1.22 billion in cash from operations and $1.22 billion in adjusted free cash flow in the quarter.
Palantir ended the period with approximately $9.2 billion of cash, cash equivalents and short-term U.S.
Treasury securities.
Palantir expects third-quarter revenue to be in the range of $2.16 billion to $2.164 billion, versus estimates of $1.997 billion.
The company raised its full-year 2026 revenue guidance from a range of $7.65 billion to $7.66 billion to a new range of $8.15 billion to $8.16 billion versus estimates of $7.69 billion.
Palantir also guided for full-year U.S.
Commercial revenue growth of at least 134%, up from prior guidance of at least 120%, and adjusted free cash flow of $4.5 billion to $4.7 billion, up from prior guidance of $4.2 billion to $4.4 billion. “Every organization in the world is awakening to the risks of handing the creators of the language models the keys to their institutions, of letting the models loose within their homes.
The demand from our partners is clear,” Karp said in a letter to shareholders.
Palantir’s management team will discuss the quarter on an earnings call scheduled for 5 p.m.
ET.
PLTR Shares Rise After The Bell PLTR Price Action: Palantir shares were up 7.71% in after-hours Monday, trading at $135.32 at the time of publication, according to Pro.
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