Palantir Technologies reported second-quarter 2026 revenue of approximately $1.94 billion on August 3, 2026, up 93% year-over-year from roughly $1 billion in the same quarter of 2025 and up 19% quarter-over-quarter, according to the company's financial results and analyst coverage.
U.S. commercial revenue rose 149% year-over-year to approximately $764 million, while U.S. government revenue increased 90% year-over-year to roughly $809 million, highlighting accelerating enterprise adoption beyond the government contracts that have historically anchored Palantir's business.
Adjusted operating income reached $1.194 billion, corresponding to a 62% margin, and adjusted free cash flow came in at $1.22 billion with a 63% margin. A Rule of 40 score of 155% reflects an unusually strong combined growth and profitability signal.
Palantir raised its full-year 2026 revenue guidance to approximately $8.15 billion, up from prior guidance of roughly $7.65 billion to $7.66 billion, citing surging demand for sovereign AI. The company also lifted its full-year adjusted operating income and free cash flow guidance.
For the third quarter of 2026, Palantir guided revenue to a range of roughly $2.16 billion. Adjusted earnings per share came in at $0.41, well above the $0.35 analysts had projected.
CEO Alex Karp described the quarter as "otherworldly," crediting a surge in sovereign AI demand as the primary driver of the outperformance. Palantir emphasized its positioning as uniquely able to convert AI usage into economic value while protecting customer data from being used to train other models.
The stock reacted with a gain of about 10% on the results, testing resistance near $173.89 after trading around $172 following the earnings release.
Sources
- FX Leaders — Palantir Stock Rips 10%: PLTR Tests $174 as AI Growth Hits 93%: https://www.fxleaders.com/news/2026/08/10/pltr-stock-surges-10-percent-as-ai-growth-hits-93/
- investingLive — Palantir revenue jumps 93% as Karp hails "otherworldly" quarter, raises guidance: https://investinglive.com/stocks/palantir-revenue-jumps-93-as-karp-hails-otherworldly-quarter-raises-guidance/
- The Wall Street Times — Palantir Q2 2026 Earnings Revenue Surges 93%: https://wallstreettimes.com/palantir-q2-2026-earnings-revenue-93-percent-growth-sovereign-ai/
