Palantir Technologies Inc. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Palantir delivered exceptional Q1 2026 results with revenue surging 84.7% YoY to $1.63B, operating income jumping 328.3% to $754M, and net income reaching $871M, reflecting explosive demand for its AI-driven software platforms.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue grew 84.7% year-over-year to $1.63B in Q1 2026, up from $884M in Q1 2025, signaling a significant acceleration in customer adoption of Palantir's AI and data analytics platforms across both government and commercial segments.
Operating income surged 328.3% YoY to $754M, with operating margin expanding approximately 26 percentage points to 46.2%, demonstrating that revenue growth is far outpacing cost growth and the business model is scaling efficiently.
Gross margin improved to 86.8% from 80.4% in the prior year period, a 6.4 percentage point expansion, indicating that Palantir's software-centric revenue mix is becoming increasingly profitable as fixed costs are spread over a larger revenue base.
Revenue
$1.63B
++84.71% YoY
EPS (Basic)
$0.36
++300.00% YoY
Gross Margin
86.8%
++6.35% YoY
Operating Income
$754M
++328.29% YoY
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