Palantir Posts $1.63 Billion Q1 Revenue, Raises 2026 Outlook to $7.66 Billion

3 articles · Updated · Barchart · May 24

$1.63 billion in Q1 revenue marked Palantir’s strongest quarter as a public company, up 85% from a year earlier and ahead of Wall Street estimates.
AIP-driven U.S. demand powered the surge: U.S. revenue jumped 104% to $1.28 billion, with U.S. commercial sales up 133% to $595 million and government revenue rising 84% to $687 million.
$871 million in GAAP net income produced a 53% margin and $0.34 diluted EPS, while adjusted operating margin reached 60% and cash plus short-term Treasurys totaled $8 billion.
Management lifted full-year 2026 revenue guidance to $7.65 billion-$7.66 billion, signaling confidence that U.S. commercial adoption of its AI infrastructure will keep driving growth.
The results come despite a 23% year-to-date stock decline, with Palantir still among the weakest mega-cap performers even as most analysts maintain a buy-leaning view.

As Palantir's AI powers military and surveillance, can its record profits shield it from mounting ethical backlash?

While Palantir's AI dominates the U.S., why is it struggling to win over international businesses?

With record profits but a falling stock, is this a golden buying opportunity or a major red flag for investors?