Palantir (PLTR) Earnings: What to Expect This Quarter
May 10 00:03Palantir (PLTR) reported its earnings on May 4, 2026, posting revenue of $1.63B and GAAP EPS of $0.34, both beating analyst expectations amid rising demand for AI software across government and commercial segments. With government contracts and U.S. market strength driving growth, investors are closely watching further expansion in U.S. commercial revenue for upcoming quarters.
Palantir Business Overview
Palantir (PLTR) reported exceptional Q1 2026 results, with revenue surging 85% year-over-year to $1.63 billion, driven by robust U.S. demand and major AI platform adoption. The company’s expanding customer base and strong contract velocity underscore increasing enterprise reliance on its Foundry and artificial intelligence solutions. While sector tailwinds support further growth, heightened customer concentration and evolving regulatory risks may shape Palantir’s supply-demand balance and investment profile going forward.
Palantir Earnings Recap: Performance & Highlights
Palantir (PLTR) delivered a robust Q1 2026, handily beating consensus estimates with revenue up 85% year-over-year to $1.63B and EPS rising to $0.34 (+325% YoY). Net income soared to $876M (+303% YoY). Management raised FY26 guidance, projecting 71% YoY revenue growth and strong cash flow. The stock was stable post-earnings, reflecting confidence in accelerating U.S. momentum and sustained leadership in AI-powered solutions.
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Palantir Price Target & Analyst Ratings
Wall Street analysts remain broadly bullish on Palantir, citing its exceptional revenue and earnings growth driven by expanding U.S. commercial and government contracts alongside rapid AI platform adoption. The company recently raised full-year guidance, reflecting robust momentum and strong cash flow. However, some caution is warranted due to extreme valuation multiples and dependency on U.S. government sector growth. Analyst consensus leans toward Buy, indicating confidence in continued operational leverage and AI leadership.
Latest Palantir Earnings News
NEWPalantir Delivers Record Q1 Results, Raises 2026 Guidance Amid Explosive U.S. AI Demand
Palantir reported Q1 2026 revenue of $1.63B, up 85% year-over-year, with net income surging nearly fourfold and U.S. commercial revenue jumping 133%. The company raised its full-year revenue outlook to $7.65–$7.66B and expects U.S. commercial revenue to grow at least 120%, citing unmatched AI demand and performance metrics rivaling industry leaders like NVIDIA.
Wall Street Analysts Lift Target Prices as Palantir's AI Momentum Accelerates
Major investment banks including Citi, Oppenheimer, and BofA Securities have reiterated or raised "Buy" ratings on Palantir, with target prices now ranging from $165 to $255. Analysts cite Palantir's rapid AI-driven growth, expanding federal contracts, and potential to become a trillion-dollar company, though they caution on competition and the need to meet high commercial expectations.
AI Analysis on Palantir (PLTR)
Use AI-powered insights to analyze Palantir's latest earnings report, evaluate key financial metrics, and identify market trends following the release.
Palantir's Q1 2026 revenue grew by 85% year-over-year (YoY) to $1.63B.
The results surpassed Wall Street consensus of approximately $1.54B. This growth was primarily driven by record U.S. revenue expansion (up 104% YoY), surging U.S. commercial demand, high margin expansion, and robust deal momentum, although overall contract value growth and international commercial segment showed some pressure relative to prior quarters.
ⓘ AI-generated content does not constitute investment advice or guarantee accuracy. Use at your own risk or consult with a licensed advisor.
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FAQs about Palantir Earnings
Q1. When did Palantir last report earnings?
Palantir last reported earnings on May 4, 2026, for Q1 2026, showing revenue growth of 85% year-over-year to $1.63 billion.
Q2. What is Palantir's Earnings Per Share (TTM)?
Palantir's trailing twelve-month EPS currently stands at $0.34 for Q1 2026, representing significant year-over-year growth of 325%.
Q3. When is the next Palantir earnings date?
Palantir has not yet officially announced its next earnings date, but based on historical patterns, Q2 results will likely be released in early August 2026.
Q4. What are Palantir's revenue forecasts for upcoming quarters?
Analysts project Palantir's Q2 2026 revenue at $1.80 billion, with full-year 2026 guidance raised to between $7.65-$7.66 billion.
Q5. How did Palantir stock react to the company's latest earnings report?
Despite beating earnings expectations, Palantir's stock declined slightly after its Q1 report as investors weighed growth prospects against valuation concerns.
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