Palantir beats Q1 revenue expectations, raises 2026 outlook

Palantir Technologies

04/05/2026 21:13

Overview

U.S. data analytics firm's Q1 revenue grew 85% yr/yr, beating analyst expectations

Adjusted EPS for Q1 was $0.33

Company raised FY 2026 revenue guidance to 71% yr/yr growth

Outlook

Palantir sees Q2 2026 revenue between $1.797 bln and $1.801 bln

Company raises FY 2026 revenue guidance to $7.650 bln-$7.662 bln

Palantir raises FY 2026 U.S. commercial revenue guidance to over $3.224 bln, at least 120% growth

Result Drivers

U.S. REVENUE SURGE - Co said U.S. revenue more than doubled, up 104% yr/yr, with commercial revenue up 133% and government revenue up 84%

LARGE DEAL VOLUME - Co closed 206 deals of at least $1 mln, including 47 deals of at least $10 mln, driving contract value growth

U.S. COMMERCIAL MOMENTUM - Co highlighted accelerating U.S. commercial market as key to raising full-year revenue guidance

Company press release: ID:nBw1mXfHXa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.63 bln
$1.54 bln (23 Analysts)
Q1 Net Income
$876.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 10 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Palantir Technologies Inc is $194.00, about 34.7% above its May 1 closing price of $144.07

The stock recently traded at 96 times the next 12-month earnings vs. a P/E of 145 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)