Palantir Q2 FY2026: revenue up 93%, EPS $0.41, guidance raised
Palantir closed FY2026 Q2 with revenue of $1.935 billion, up 93% year-over-year, net income of $1.062 billion (a 55% margin) and diluted EPS of $0.41, and it raised full-year revenue guidance to $8.150–$8.158 billion. How to read it: growth re-accelerated and cash generation is enormous, but gross margin slipped sequentially from 86.8% to 84.7% and the new guidance assumes even bigger quarters ahead.
1 · Expected vs. Actual
Free preview belowDiluted GAAP EPS of $0.41 cleared the $0.3544 consensus figure by about 15.7%. Adjusted EPS was also $0.41, and adjusted net income of $1.047 billion was actually below GAAP net income of $1.062 billion, because $297.4 million of income-tax effects and adjustments more than offset the $265.2 million stock-based compensation add-back. Net income was a 55% margin.
Revenue of $1.935 billion rose 93% from $1.004 billion a year earlier and 19% from the prior quarter, split between a $990.0 million government segment and a $945.4 million commercial segment. Gross margin of 84.7% was well above the 80.8% of a year ago, but down from 86.8% in the prior quarter. Operating income of $912 million equaled a 47% margin.
Management guided Q3 revenue to $2.160–$2.164 billion, which is roughly 83% above the $1.181 billion booked in the same quarter a year earlier, and raised the full-year range to $8.150–$8.158 billion, described in the release as 82% year-over-year growth. With $3.568 billion of first-half revenue already booked, that full-year range implies about $4.59 billion in the second half, roughly 28% more than the first half.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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