Palantir Technologies 8-K
PositiveEarningsGuidance raised
An accelerating U.S. market drives a higher FY2026 revenue outlook, with U.S. commercial growth outpacing government.
Filed 2026-05-04 16:06 ET
- 2.02 Results of Operations
- 7.01 Regulation FD Disclosure
- 9.01 Financial Statements and Exhibits
Summary
Q1 2026 results with Q2 and FY2026 guidance. Revenue grew 85% Y/Y, with U.S. revenue up 104%; Palantir raised its FY2026 revenue outlook to 71% Y/Y growth, citing confidence in an accelerating U.S. market.
Key Figures
| Metric | Q1 2026 | Q1 2025 | Y/Y |
|---|---|---|---|
| Revenue | $1.63B | $884M | 85% |
| Income from operations | $754M | $176M | 328% |
| Adjusted income from operations (non-GAAP) | $984M | $391M | 152% |
| Net income attributable to common stockholders | $871M | $214M | 307% |
| Adjusted net income attributable to common stockholders (non-GAAP) | $856M | — | — |
| Diluted EPS | $0.34 | $0.08 | 325% |
| Adjusted diluted EPS (non-GAAP) | $0.33 | — | — |
| Net cash provided by operating activities | $899M | $310M | 190% |
| Adjusted free cash flow (non-GAAP) | $925M | $370M | 150% |
- U.S. revenue was $1.28B, up 104% Y/Y: U.S. commercial revenue rose 133% to $595M, and U.S. government revenue rose 84% to $687M.
- Total contract value was $2.41B, up 61%; U.S. commercial total contract value was $1.18B, up 45%, and U.S. commercial remaining deal value was $4.92B, up 112%.
- Cash, cash equivalents and short-term U.S. Treasury securities totaled $8.0B; the Rule of 40 score was 145%.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Revenue | Q2 2026 | $1.797B-$1.801B | — | — |
| Adjusted income from operations (non-GAAP) | Q2 2026 | $1.063B-$1.067B | — | — |
| Revenue | FY2026 | $7.650B-$7.662B; 71% Y/Y growth | 61% Y/Y growth | Raised |
| U.S. commercial revenue | FY2026 | >$3.224B; at least 120% Y/Y growth | — | Raised |
| Adjusted income from operations (non-GAAP) | FY2026 | $4.440B-$4.452B | — | Raised |
| Adjusted free cash flow (non-GAAP) | FY2026 | $4.2B-$4.4B | — | Raised |
- Continues to expect GAAP operating income and net income in each FY2026 quarter.
Investor Takeaways
- Q2 revenue and adjusted income from operations vs their guided ranges will show whether the recent growth momentum continues.
- FY2026 revenue growth and U.S. commercial revenue will test the raised outlook.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3