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Palantir Technologies Inc. PLTR Q2 2026 earnings

Reported August 3, 2026 · After market close

Revenue$1.9BBeat by $123.2M
EPS$0.41Beat by $0.07
Revenue estimate$1.8B
EPS estimate$0.34
“Demand for AI sovereignty has now been unleashed. And Palantir is the only company that has demonstrated it can transform tokens into actual economic value. Our customers trust us to provide them with maximal control over their operations, data, and decisions. Their competitive advantage should never become the training data for future models. This quarter was otherworldly: our U.S. commercial revenue grew 149% year-over-year, our overall revenue grew 93% year-over-year, and our Rule of 40 score climbed to 155%. The sovereign AI revolution makes us very optimistic about the future.”
Alex Karp

Next report

Nov 2, 2026 (in a month)
Revenue estimate$2.2B
EPS estimate$0.42

Financials

Q2 2026

Income statement

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Revenue$1.9B+92.8%
Gross profit$1.6B+102%
Operating income$912.0M+239%
Net income$1.1B+225%
EPS (diluted)$0.41+215%

Balance sheet

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Cash & equivalents$2.1B+117%
Total debt$211.4M-11.1%
Total equity$9.8B+64.9%
Total assets$11.7B+58.6%

Cash flow

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Operating cash flow$1.2B+126%
CapEx$14.6M+90.6%
Free cash flow$1.2B+126%

Valuation & ratios

Valuation

as of 10/02/26
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Market cap$456.68B+2.9%
Enterprise value$454.83B+2.8%
P/E151.4×-254×
P/S74.2×-39.7×

Profitability

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Gross margin84.8%+4.8pp
Operating margin42.8%+26.2pp
Net margin49%+26.8pp
FCF margin54.6%+4.9pp

Returns & leverage

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Return on equity38.4%+23.1pp
Debt / equity0×0.0×
Current ratio7.2×+0.9×

Segments

By segment

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Government$990.0M+79.0%

By geography

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Rest of world$362.4M—

FAQ

When did Palantir Technologies Inc. report Q2 2026 earnings?
Palantir Technologies Inc. (PLTR) reported Q2 2026 earnings on August 3, 2026 after market close.
What were Palantir Technologies Inc.'s Q2 2026 revenue and EPS?
Palantir Technologies Inc. reported revenue of $1.9B and eps of $0.41 for Q2 2026.
Did Palantir Technologies Inc. beat estimates in Q2 2026?
Revenue beat the consensus estimate of $1.8B by $123.2M. EPS beat the consensus estimate of $0.34 by $0.07.
How did Palantir Technologies Inc.'s Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 92.8% from $1.0B a year earlier and eps grew 156.2% from $0.16.
Where can I find Palantir Technologies Inc.'s Q2 2026 SEC filings?
You can read the 8-K earnings release (0001321655-26-000039) and the 10-Q periodic report (0001321655-26-000041) directly on SEC EDGAR. The filing index links above go to sec.gov.