Palantir Q2 Revenue Surges 93% to $1.94B, Raises Full-Year Outlook
PLTR sits 38% above its 52-week low of $106.37 on elevated volume (1.8× avg).
Summary
Palantir reported Q2 2026 revenue of $1.94B (up 93% YoY), EPS of $0.41 vs $0.35 expected, and raised its full-year revenue forecast. Cash and equivalents stand at $9.2B with no debt.
Key Events · Earnings and Guidance · PLTR
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Revenue Surges 93% to $1.94B
Q2 2026 revenue reached $1.94 billion, a 93% increase year-over-year, driven by 79% growth in government and 110% growth in commercial segments. U.S. revenue accounted for 81% of the total.
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Earnings Beat and Raised Guidance
Diluted EPS of $0.41 exceeded the $0.35 consensus. The company raised its full-year revenue forecast, citing sustained demand across both segments.
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Fortress Balance Sheet
Cash, cash equivalents, and marketable securities totaled $9.2 billion as of June 30, 2026, with no outstanding debt. Operating cash flow for H1 2026 was $2.1 billion.
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Strong Revenue Visibility
Remaining performance obligations stood at $4.9 billion, with 43% expected to be recognized as revenue over the next 12 months.
Analysis · PLTR · Technology
A blowout quarter saw revenue jump 93% year-over-year to $1.94 billion, while earnings per share of $0.41 handily beat the $0.35 consensus. The company raised its full-year revenue forecast, signaling sustained momentum in both government and commercial segments. Fortress-like, the balance sheet holds $9.2 billion in cash and marketable securities with zero debt, and remaining performance obligations of $4.9 billion provide strong revenue visibility. The only notable new obligation is a $5.6 billion cloud services commitment over ten years, which supports the platform's growth but locks in significant future spending. Stock-based compensation remains elevated at $467 million for the first half, a cost to monitor. These results arrive against a backdrop of recent European contract headwinds and a stock price that had hit a 52-week low in June, making this earnings beat a critical counter-narrative.
How filings like this one have moved
In the 30 days to Sep 16, 2026, 40.6% of the 409 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.50%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, PLTR was trading at $146.89 on NASDAQ in the Technology sector, with a market capitalization of approximately $301.2B. The 52-week trading range was $106.37 to $207.52. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.