Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when PLTR files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsPalantir reports Q2 revenue of $1.94B (+93% Y/Y), raises FY guidance to $8.15B–$8.16B
Filed August 3, 2026 · Period ending August 3, 2026 · ~1 min read
Key Changes
-
high
Q2 revenue $1.935B, up 93% Y/Y and 19% Q/Q; U.S. commercial revenue $764M, up 149% Y/Y and 28% Q/Q, reflecting exceptionally strong AI platform demand.
Exhibit 99.1 view on EDGAR → -
high
Raised FY 2026 revenue guidance to $8.150–$8.158B (~82% Y/Y growth); U.S. commercial revenue guidance raised to at least $3.424B (at least 134% growth).
Exhibit 99.1 view on EDGAR → -
high
Q2 GAAP operating income $912M (47% margin), adjusted operating income $1.194B (62% margin); Rule of 40 score reached 155%, indicating exceptional combined growth and profitability.
Exhibit 99.1 view on EDGAR → -
high
Generated $1.216B operating cash flow (63% margin) and $1.220B adjusted free cash flow (63% margin); ended quarter with $9.2B in cash and equivalents.
Exhibit 99.1 view on EDGAR → -
high
Closed 220 deals ≥$1M, including record $2.132B U.S. commercial TCV (up 153% Y/Y); U.S. commercial remaining deal value $6.238B, up 124% Y/Y, indicating strong future revenue visibility.
Exhibit 99.1 view on EDGAR →
Summary
Palantir reported Q2 2026 results that significantly exceeded expectations, with total revenue of $1.935 billion (up 93% year-over-year) and U.S. commercial revenue of $764 million (up 149% year-over-year). The company's AI platform is driving exceptional demand, particularly in the commercial sector, where sequential growth of 28% demonstrates accelerating momentum.
Profitability metrics were equally strong: GAAP operating margin reached 47%, adjusted operating margin hit 62%, and the company generated $1.22 billion in adjusted free cash flow (63% margin). The Rule of 40 score of 155% reflects a rare combination of hypergrowth and high profitability.
Palantir raised full-year 2026 revenue guidance to $8.150–$8.158 billion (implying ~82% growth) and U.S. commercial revenue guidance to at least $3.424 billion (at least 134% growth). The company also raised adjusted operating income guidance to $4.889–$4.897 billion and adjusted free cash flow guidance to $4.5–$4.7 billion. Deal activity was robust, with 220 deals of at least $1 million closed and record U.S. commercial TCV of $2.132 billion. U.S. commercial remaining deal value of $6.238 billion (up 124% year-over-year) provides strong revenue visibility. The combination of accelerating growth, expanding margins, and raised guidance underscores the company's position as a leader in enterprise AI adoption.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Palantir announced Q2 2026 financial results via press release; detailed figures not disclosed in the 8-K body.
Added in current filing · verify on EDGAR →
On August 3, 2026, Palantir Technologies Inc. (including its subsidiaries, “Palantir,” or the “Company”) issued a press release announcing its financial results for the fiscal quarter ended June 30, 2026.
Palantir disclosed its financial results for the quarter ended June 30, 2026 through a press release. The 8-K body itself does not contain specific revenue, earnings, or guidance figures; those details are in the attached Exhibit 99.1 press release.
Event · Item 7.01 — Regulation FD Disclosure
Palantir posted a new investor presentation and CEO letter on its websites.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On August 3, 2026, the Company posted a new investor presentation on its investor relations website at https://investors.palantir.com and a letter from its Chief Executive Officer at https://www.palantir.com.
Palantir disclosed that it published a new investor presentation on its investor relations website and a letter from its CEO on the company's main website.This is a routine Regulation FD disclosure indicating the company has made information publicly available.
Event · Exhibit 99.1
Palantir reported Q2 2026 revenue of $1.935B (+93% Y/Y), U.S. commercial revenue of $764M (+149% Y/Y), and raised FY 2026 revenue guidance to $8.15B–$8.16B (+82% Y/Y).
Added in current filing · view on EDGAR → · paraphrased
Revenue grew 93% year-over-year and 19% quarter-over-quarter to $1.935 billion ... U.S. commercial revenue grew 149% year-over-year and 28% quarter-over-quarter to $764 million
Palantir reported Q2 2026 total revenue of $1.935 billion, up 93% year-over-year and 19% sequentially. U.S. commercial revenue reached $764 million, up 149% year-over-year and 28% sequentially, reflecting exceptionally strong demand for the company's AI platform in the commercial sector. U.S. government revenue was $809 million, up 90% year-over-year.
Added in current filing · view on EDGAR →
GAAP income from operations of $912 million, representing a 47% margin ... Adjusted income from operations of $1.194 billion, representing a 62% margin ... Rule of 40 score of 155% ... GAAP net income of $1.062 billion, representing a 55% margin
Palantir reported GAAP operating income of $912 million (47% margin) and adjusted operating income of $1.194 billion (62% margin). GAAP net income was $1.062 billion (55% margin). The company's Rule of 40 score—the sum of revenue growth rate and adjusted operating margin—reached 155%, indicating exceptional combined growth and profitability.
Added in current filing · view on EDGAR →
We are raising our revenue guidance to between $8.150 – $8.158 billion. ... We are raising our U.S. commercial revenue guidance to in excess of $3.424 billion, representing a growth rate of at least 134%. ... We are raising our adjusted income from operations guidance to between $4.889 – $4.897 billion. ... We are raising our adjusted free cash flow guidance to between $4.5 – $4.7 billion.
Palantir raised its full-year 2026 revenue guidance to $8.150–$8.158 billion (implying approximately 82% year-over-year growth at the midpoint). U.S. commercial revenue guidance was raised to at least $3.424 billion (at least 134% growth). Adjusted operating income guidance was raised to $4.889–$4.897 billion, and adjusted free cash flow guidance to $4.5–$4.7 billion. The company also expects GAAP operating income and net income in each quarter of 2026.
Added in current filing · view on EDGAR →
Closed 220 deals of at least $1 million, 98 deals of at least $5 million, and 73 deals of at least $10 million ... Closed total contract value (“TCV”) of $3.373 billion, up 49% year-over-year ... Closed a record-setting $2.132 billion of U.S. commercial TCV, up 153% year-over-year ... U.S. commercial remaining deal value (“RDV”) of $6.238 billion, up 124% year-over-year and 27% quarter-over-quarter
Palantir closed 220 deals of at least $1 million, 98 deals of at least $5 million, and 73 deals of at least $10 million in Q2 2026. Total contract value closed was $3.373 billion, up 49% year-over-year, including a record $2.132 billion in U.S. commercial TCV (up 153% year-over-year). U.S. commercial remaining deal value reached $6.238 billion, up 124% year-over-year and 27% sequentially, indicating strong future revenue visibility.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Aug 4, 2026 · How we verify