Palantir Technologies posts 93% revenue surge, lifts 2026 outlook
Palantir Technologies reported second‑quarter 2026 revenue of $1.94 billion, a 93% year‑over‑year increase. U.S. commercial revenue jumped 149% to $764 million and U.S. government revenue rose 90% 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 consensus estimates of $0.34‑$0.35. The company signed 220 contracts of at least $1 million, including 73 worth $10 million or more, bringing total contract value to $3.37 billion and U.S. commercial contract value to a record $2.13 billion. Palantir raised its full‑year 2026 revenue guidance to $8.15‑$8.16 billion and expects U.S. commercial revenue to exceed $3.42 billion. CEO Alex Karp described the quarter as “otherworldly” and highlighted growing demand for “AI sovereignty.” The earnings beat sent the stock up roughly 27‑30% in after‑hours trading. The results also drew criticism for Palantir’s partnership with Israel’s Defense Ministry, alleged to support targeting in the Gaza war, and a report revealed the firm shifts most European pre‑tax profits to the United States, resulting in minimal European tax payments.
Entities: Alex Karp · European subsidiaries of Palantir · Israel Defense Ministry · Palantir Technologies · United States government
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] Palantir signed 220 contracts of at least $1 million, including 73 of $10 million or more, with total contract value $3.37 billion and U.S. commercial contract value $2.13 billion.
- [● 5 SOURCES] Palantir raised its full‑year 2026 revenue guidance to $8.15‑$8.16 billion.
- [● 5 SOURCES] U.S. commercial revenue in the quarter was $764 million, up 149% year‑over‑year.
- [● 5 SOURCES] Palantir's second‑quarter 2026 revenue was $1.94 billion, up 93% year‑over‑year. (5b34f62b-7f54-4dac-af94-4482572411a7, 82063031-b53a-4502-9a9e-3cd1a17f3af1, 9d78cc88-272e-4b1c-9773-ee9cf1f03384, 63596c)
- [○ 1 SOURCE] A report found Palantir shifts most European pre‑tax profits to the United States, resulting in minimal European tax payments.
- [● 5 SOURCES] Net income attributable to common shareholders was $1.06 billion, more than tripling year‑over‑year.
- [● 5 SOURCES] U.S. government revenue in the quarter was $809 million, up 90% year‑over‑year.
- [● 2 SOURCES] Adjusted earnings per share for the quarter were $0.41, beating consensus estimates of $0.34‑$0.35.