Palantir Technologies posts 93% revenue jump, lifts 2026 outlook amid Gaza criticism
Palantir Technologies reported second‑quarter 2026 revenue of $1.94 billion, a 93 percent year‑over‑year increase. U.S. commercial revenue rose 149 percent to $764 million and U.S. government revenue grew 90 percent to $809 million. Net income attributable to common shareholders more than tripled to $1.06 billion and adjusted earnings per share were $0.41, beating the $0.34‑$0.35 consensus.
The company raised its full‑year 2026 revenue guidance to $8.15‑$8.16 billion and its U.S. commercial revenue forecast to exceed $3.42 billion. Shares jumped more than 14 percent in after‑hours trading. CEO Alex Karp called the quarter “otherworldly,” warned that frontier AI labs pose “Marxist” risks, and emphasized a push for “AI sovereignty.”
Palantir’s rapid growth has drawn criticism over its expanded partnership with Israel’s defense ministry and alleged use of its software in the Gaza conflict, prompting scrutiny from human‑rights groups and debate in Europe about reducing reliance on the firm’s technology.
Entities: Alex Karp · Anduril · Anduril Industries · Artificial Intelligence Platform (AIP) · Israel Defense Ministry · Morningstar · Nvidia · Nvidia Corporation · Palantir Technologies · Palantir Technologies Inc. · U.S. commercial customers · U.S. commercial sector
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] Palantir expects third‑quarter 2026 revenue of $2.16‑$2.164 billion, above analysts' $2.0 billion estimate. (Company guidance)
- [● 3 SOURCES] Palantir closed 220 deals of at least $1 million, including 73 deals of at least $10 million. (Palantir Q2 results)
- [● 3 SOURCES] Palantir raised its full‑year 2026 revenue forecast to $8.15‑$8.16 billion, up from $7.65‑$7.66 billion. (Company guidance announced in earnings release)
- [● 2 SOURCES] U.S. revenue for Q2 2026 was $1.57 billion, up 115% year‑over‑year. (Company earnings release and Reuters coverage)
- [● 13 SOURCES] Adjusted earnings per share for Q2 2026 were $0.41, beating the $0.35 consensus estimate. (Reuters earnings report)
- [● 2 SOURCES] U.S. government revenue grew to $809 million, up 90% YoY. (Company earnings release)
- [● 2 SOURCES] U.S. commercial revenue rose to $764 million, a 149% increase YoY. (Company earnings release)
- [● 8 SOURCES] Palantir reported second‑quarter 2026 revenue of $1.94 billion, a 93% year‑over‑year increase. (Palantir Q2 results)
- [● 8 SOURCES] Palantir shares rose between 7 % and 12 % in after‑hours trading following the earnings release.
- [● 2 SOURCES] Palantir closed 220 deals worth at least $1 million in Q2 2026.
- [● 11 SOURCES] Q3 2026 revenue guidance was set between $2.16 billion and $2.164 billion, above the $2 billion analyst average.
- [● 22 SOURCES] U.S. commercial revenue grew 149 % year‑over‑year to $764 million. (Palantir Q2 results)