Trending Now - Palantir Surges With 104% Q1 Revenue Growth, Ups 2026 Forecast
WHO:
Reuters - Palantir Technologies Inc. (NASDAQ:PLTR) reported its financial results.
Business Wire - Alex Karp, Co-Founder and Chief Executive Officer of Palantir Technologies, provided insights on the company's performance.
WHAT:
Yahoo Finance - Palantir raised its full-year revenue guidance to between $7.650 billion and $7.662 billion, up from its previous forecast of $7.18 billion to $7.20 billion.
Yahoo Finance - The company expects U.S. commercial revenue to exceed $3.224 billion, representing a growth rate of at least 120%.
Yahoo Finance - Palantir projected adjusted income from operations for the full year to be between $4.440 billion and $4.452 billion.
Yahoo Finance - Adjusted free cash flow guidance was raised to between $4.2 billion and $4.4 billion.
Reuters - Palantir's Q1 revenue increased 85% year-over-year to $1.63 billion, surpassing the estimated $1.54 billion.
Business Wire - U.S. revenue grew 104% year-over-year to $1.282 billion; U.S. commercial revenue increased 133% to $595 million; U.S. government revenue rose 84% to $687 million.
Business Wire - Palantir closed 206 deals of at least $1 million, 72 deals of at least $5 million, and 47 deals of at least $10 million.
Business Wire - Total contract value (TCV) reached $2.41 billion, up 61% year-over-year.
Business Wire - GAAP net income was $871 million, representing a 53% margin.
WHERE:
Business Wire - The financial results pertain to Palantir Technologies, which operates in the U.S. market.
WHEN:
Business Wire - The first quarter ended March 31, 2026.
Business Wire - For Q2 2026, revenue is expected to be between $1.797 billion and $1.801 billion.
Business Wire - For the full year 2026, revenue guidance is raised to between $7.650 billion and $7.662 billion.
WHY:
Business Wire - The revenue growth was driven by rising demand for Palantir's data analytics software and confidence in an accelerating U.S. market.
HOW:
Business Wire - Palantir's Rule of 40 score increased to 145%, indicating strong performance metrics in revenue growth and operating margin.
(UPDATED May 5, 2026 17:30 UTC)
Palantir has raised its full-year revenue guidance to between $7.650 billion and $7.662 billion, significantly up from the previous forecast of $7.18 billion to $7.20 billion. The company also expects U.S. commercial revenue to exceed $3.224 billion, reflecting a remarkable growth rate of at least 120%. Additionally, Palantir projected adjusted income from operations for the full year to be between $4.440 billion and $4.452 billion, along with an increase in adjusted free cash flow guidance to between $4.2 billion and $4.4 billion.
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(UPDATED May 5, 2026 05:56 UTC)
Palantir Technologies has reported impressive financial results for the first quarter, with revenue soaring 85% year-over-year to $1.63 billion, surpassing estimates. The company also saw significant growth in U.S. revenue, which increased 104% to $1.282 billion, and closed a total of 206 deals worth at least $1 million each. Looking ahead, Palantir anticipates revenue for the second quarter to fall between $1.797 billion and $1.801 billion, while raising its full-year guidance to between $7.650 billion and $7.662 billion.