Palantir reports Q2 revenue up 93% YoY to $1.94B, vs. $1.8B est., US commercial revenue up 149%, and raises FY 2026 revenue guidance; PLTR jumps 9%+ after hours

Palantir topped second-quarter earnings on Monday and more than doubled commercial revenue growth from a year ago.

CNBC 2026-08-03 Samantha Subin

Context & Ripple Effects

Palantir's growth has accelerated across the coverage arc: US commercial growth of 64% in Q4 2024 was followed by 133% US commercial growth in Q1 2026. The latest quarter extends that commercial momentum while total revenue again exceeds expectations.

Earlier in 2026, Palantir forecast revenue above expectations after Q4. Its higher full-year outlook now matters because it reinforces that the company sees the stronger growth rate carrying beyond a single quarter.

First-order effects

Palantir raises its fiscal-2026 revenue outlook after reporting $1.94B in Q2 revenue, giving investors a higher near-term benchmark for execution.
US commercial revenue growth reaches 149% year over year, while PLTR rises more than 9% after hours on the earnings release.

Second-order effects

The guidance increase makes sustained US commercial growth the central metric for Palantir's next results, rather than simply another revenue beat.
A faster-growing commercial business can reduce the relative weight investors place on Palantir's government segment when assessing its growth trajectory.

Third-order effects

If this pace persists, Palantir's valuation case will rest increasingly on whether it can convert commercial adoption into repeatable, durable revenue growth rather than isolated deployments.
The pattern points to a broader shift in which enterprise software vendors are judged on demonstrated commercial uptake of AI-enabled workflows, not only product positioning.

The trend: Palantir's results are one data point in the shift from AI-software promise to measurable commercial revenue growth and raised forward guidance.

Discussion

@stocksavvyshay Shay Boloor on x
$PLTR U.S. commercial revenue growth hasn't posted a single sequential slowdown since AIP Bootcamps launched. Growth has surged from 23% to 137% as customers continue expanding Palantir deeper across their organizations. [image]
@jimcramer Jim Cramer on x
After market buyers walking up Palantir like the old days.. But are the old days still viable?
@economyapp @economyapp on x
$PLTR Palantir Q2 FY26: • Net dollar retention 157% (+29pp Y/Y). • Revenue +93% Y/Y to $1.9B ($0.1B beat). • Non-GAAP EPS $0.41 ($0.06 beat). FY26 guidance: • Revenue +82% Y/Y to ~$8.15B ($0.4B raise). • Adjusted margin 62% (4pp raise). [image]
@beth_kindig Beth Kindig on x
Palantir $PLTR reported $764 million in US Commercial revenue in Q2, reaccelerating to 149% YoY and 28% QoQ, from 133% YoY and 18% QoQ in Q1. [image]
@stocksavvyshay Shay Boloor on x
$PLTR JUST POSTED A RULE-OF 40-SCORE OF 155 🤯 [image]
@stocksavvyshay Shay Boloor on x
$PLTR ABSOLUTELY DESTROYED THEIR EARNINGS • Revenue $1.94B vs Est. $1.81B • EPS $0.41 vs Est. $0.35 • US Commercial: $764M vs Est. $716M (+149% YoY) • U.S. commercial remaining deal value: $6.2B (+124% YoY) FY26 Guidance • Revenue $8.16B vs Est. $7.73B • Operating Income $4.9B vs…
@chadwahl Chad Wahlquist on x
Palantir, The Sovereign AI Company
@palantirtech @palantirtech on x
Palantir reports Q2 '26 U.S. comm revenue growth of 149% Y/Y and revenue growth of 93% Y/Y; raises FY '26 revenue guidance to 82% Y/Y growth and U.S. comm revenue guidance to 134% Y/Y, crushing consensus expectations. Q2 U.S. revenue grew 115% y/y and adjusted operating margin wa…
@stocksavvyshay Shay Boloor on x
The reason $PLTR has pulled back this year is that it has gone from being viewed …
@wittywebhandle Blaise Ulysse Bernard Collins on bluesky
Headline: “Palantir soars 12% on blowout quarter” — Story: “The AI software company's shares have lost 29% this year.”

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