
Palantir Fires Up 2026 Outlook After Blistering Q1
Palantir posted Q1 2026 revenue of $1.633B, up 85% YoY, with U.S. revenue at $1.282B (+104%), U.S. commercial revenue $595M (+133%), and government revenue $687M (+84%). Total TCV reached $2.41B, remaining RDV $4.92B; GAAP net income $871M and GAAP EPS $0.34; adjusted EBITDA $990M and adjusted EPS $0.33. Cash/near-cash liquidity stood around $8.0B (about $2.29B in cash and equivalents plus $5.73B in marketable securities). Palantir raised its full-year 2026 revenue guidance to $7.65–$7.662B (about 71% YoY), with U.S. commercial revenue guided above $3.224B (over 120% YoY); adjusted op income guidance to $4.44–$4.452B and adjusted free cash flow to $4.2–$4.4B, while continuing to expect GAAP quarterly profitability. The company’s Rule of 40 stands at 145%.








