Palantir Technologies 8-K
PositiveEarningsGuidance raised
U.S. commercial revenue jumps 149% Y/Y as management raises FY2026 revenue, adjusted operating income and adjusted free cash flow outlooks
Filed 2026-08-03 16:06 ET
- 2.02 Results of Operations
- 7.01 Regulation FD Disclosure
- 9.01 Financial Statements and Exhibits
Summary
Q2 2026 results with raised FY2026 guidance. Revenue grew 93% Y/Y, including 149% growth in U.S. commercial revenue, while Palantir raised its full-year revenue, U.S. commercial revenue, adjusted operating income and adjusted free cash flow outlook. The company also posted a new investor presentation and CEO letter.
Key Figures
| Metric | Q2 2026 | Q2 2025 | Y/Y |
|---|---|---|---|
| Revenue | $1.94B | $1.0B | 93% |
| Income from operations | $912M | $269M | 239% |
| Adjusted income from operations, non-GAAP | $1.19B | $464M | 157% |
| Net income attributable to common stockholders | $1.06B | $327M | 225% |
| Adjusted net income attributable to common stockholders, non-GAAP | $1.05B | — | — |
| Diluted EPS | $0.41 | $0.13 | 215% |
| Adjusted diluted EPS, non-GAAP | $0.41 | — | — |
| Cash from operations | $1.22B | $539M | 126% |
| Adjusted free cash flow, non-GAAP | $1.22B | $569M | 115% |
- U.S. revenue was $1.57B (+115% Y/Y), comprising $764M in U.S. commercial revenue (+149%) and $809M in U.S. government revenue (+90%).
- Closed TCV was $3.37B (+49% Y/Y), including $2.13B in U.S. commercial TCV (+153%); U.S. commercial RDV was $6.24B (+124% Y/Y, +27% Q/Q). Palantir closed 220 deals of at least $1M.
- GAAP operating margin was 47%; cash, cash equivalents and short-term U.S. Treasury securities totaled $9.2B.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Revenue, GAAP | Q3 2026 | $2.160B-$2.164B | — | — |
| Adjusted income from operations, non-GAAP | Q3 2026 | $1.292B-$1.296B | — | — |
| Revenue, GAAP | FY2026 | $8.15B-$8.158B | — | Raised |
| U.S. commercial revenue | FY2026 | At least $3.424B; growth of at least 134% | — | Raised |
| Adjusted income from operations, non-GAAP | FY2026 | $4.889B-$4.897B | — | Raised |
| Adjusted free cash flow, non-GAAP | FY2026 | $4.5B-$4.7B | — | Raised |
| GAAP operating income | FY2026, each quarter | Expected each quarter | — | Reaffirmed |
| GAAP net income | FY2026, each quarter | Expected each quarter | — | Reaffirmed |
Investor Takeaways
- Compare Q3 revenue and adjusted operating income with their guided ranges.
- Track whether FY2026 results support the raised revenue and adjusted operating income outlook, and whether U.S. commercial revenue reaches at least $3.424B.
The summary is written by an AI model reading the filing.
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