Palantir (PLTR) Q1 earnings report 2026
Palantir reported first-quarter outcomes on Monday that sailed previous analysts’ expectations, and likewise issued steerage that topped estimates.
Here’s how the corporate did in comparison with analyst estimates as compiled by LSEG:
- Earnings per share: 33 cents adjusted vs. 28 cents anticipated
- Revenue: $1.63 billion vs. $1.54 billion anticipated
Palantir’s income grew about 85% within the quarter, in line with a statementsmarking the quickest enhance in gross sales since a minimum of 2020, the 12 months the corporate went public via a direct itemizing.
Net earnings roughly quadrupled to $870.5 million, or 34 cents per share, from $214 million, or 8 cents per share, a 12 months earlier. Adjusted web earnings excludes influence from stock-based compensation and earnings taxes.
Palantir, which has seen its market worth soar up to now few years, additionally lifted its full-year steerage. The firm now anticipates $4.2 billion to $4.4 billion in adjusted free money circulation, above StreetAccount’s $4.05 billion consensus. In February, the company said it was searching for adjusted free money circulation between $3.925 billion and $4.125 billion.
“Our financial results now demonstrate a level of strength that dwarfs the performance of essentially every software company in history at this scale,” Palantir CEO Alex Karp wrote in a letter to shareholders. Revenue per worker reached $1.5 million on an annual foundation, Karp wrote.
Management referred to as for $1.8 billion in second-quarter income, above the $1.68 billion consensus amongst analysts surveyed by LSEG.
The firm sees $7.65 billion to $7.66 billion in 2026 income, an annual soar of 71% and better than the $7.27 billion LSEG consensus. In February, the corporate guided to between $7.182 billion and $7.198 billion in full-year income.
Karp informed CNBC’s Seema Mody he expects the US enterprise, throughout authorities and industrial, to double once more in 2027.
Palantir is finest identified for offering software program, providers and synthetic intelligence instruments to the US authorities for army operations and protection.
Revenue to home authorities businesses climbed 84% within the first quarter to $687 million, accelerating from 66% development within the fourth quarter. Last 12 months Palantir introduced a US Army contract price as much as $10 billion over 10 years.
In an interview with CNBC in March, Karp mentioned his firm’s AI is giving the US and its allies an edge within the escalating battle in Iran and throughout the Middle East.
“What makes America special right now is our lethal capabilities, our ability to fight war,” Karp mentioned at Palantir’s AIPCon 9 in Maryland. He added that one other main benefit is that “the AI revolution is uniquely American.”
Commercial income from US purchasers totaled $595 million within the quarter, up 133% from a 12 months in the past however beneath StreetAccount’s consensus of $605 million. During the quarter, Palantir announced deals with AirbusBain, GE Aerospace and Stellantis.
While Palantir’s inventory is up about 23-fold because the finish of 2022, it is dropped 18% this 12 months. The slide has come alongside a broader retreat in software program shares on account of fears that AI fashions may harm development and that fashions like these from Anthropic and OpenAI would disrupt older companies.
Karp sought to distinguish Palantir from the mannequin builders.
“There seems to be a rotation among AI model companies who engage in an intensely competitive race in which we have seen token costs suffer a thousandfold decline over just a few years and where winners and losers swap places every six months,” Karp wrote. “Our path has been different, building a juggernaut of a business that is delivering results to our partners in the world as it is today.”
Executives will focus on the outcomes with analysts on a convention name beginning at 5 pm ET.
— CNBC’s Seema Mody contributed to this report.
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