How Palantir Smashed Wall Street Q1 Expectations
Bolstered by government deals, Palantir's Q1 results surpass Wall Street expectations, nearly doubling its US business as revenue grows 85% overall
TL;DR
- Palantir achieved record Q1 2026 results, with overall revenue growing 85% year-over-year.
- US revenue increased by 104% to US$1.282bn.
- Revenue from US government customers grew 84% to US$687m.
- The company's Rule of 40 score reached 145%.
- Palantir raised its full-year revenue guidance to 71% growth.
- Total contract value (TCV) reached US$2.41bn, up 61% from the previous year.
- GAAP income from operations was US$754m, representing a 46% margin.