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Q1 2026 revenue surged 85% as Palantir's US business more than doubled.
Palantir's Q1 2026 revenue grew 85% year over year, hitting $1.63 billion and crushing estimates.
KEY POINTS
- US revenue growth surged 104%, with commercial sales up 133% and government up 84%, both accelerating.
- Palantir now forecasts 2026 revenue of $7.65 billion to $7.66 billion, up sharply from prior guidance.
- Palantir achieved a 60% adjusted operating margin, rivaling monopoly-like financial performance in enterprise software.
- US customer deal backlog jumped 112% year over year as customers embed Palantir's AI platform deeper into operations.
COMPANIES
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