Palantir reports Q2 revenue up 93% YoY to $1.94B, above $1.8B est., US commercial revenue up 149% YoY to $764M, and lifts FY26 revenue guidance; PLTR jumps 20%+
Palantir topped second-quarter earnings estimates on Monday and said commercial revenue more than doubled from a year ago.
The new results matter because commercial growth is now outpacing the company’s already rapid overall expansion, while the raised full-year outlook indicates management sees that momentum continuing beyond a single quarter.
First-order effects
Palantir resets its near-term revenue expectation higher, giving investors a stronger basis to reassess the company’s FY2026 growth trajectory; shares rose sharply after the release.
US commercial customers are the immediate source of the strongest reported growth, making that business a more consequential contributor to Palantir’s expansion.
Second-order effects
Enterprise software and data-platform rivals face a higher growth benchmark in the US commercial market, increasing pressure to show comparable customer adoption and revenue conversion.
A higher outlook can strengthen Palantir’s ability to prioritize commercial sales capacity and product delivery against demand, provided the raised forecast is met.
Third-order effects
If commercial growth remains materially faster than total revenue, Palantir’s business mix could shift further from a government-centered revenue base toward a more diversified enterprise software model.
The results add to a broader test for enterprise platforms: whether strong customer uptake can translate into sustained, forecastable revenue rather than isolated deployments.
The trend: Palantir is a data point in the broader shift toward enterprise software vendors seeking durable growth through deeper commercial adoption and workflow-linked revenue.
$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…
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…
$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]
Palantir's stock is down 19% this year on valuation worries. Then it posts 93% sales growth, a 155 Rule of 40 score, and jumps 12% after hours. Which number to should we watch? https://www.tiktok.com/... $PLTR 🎙️ @DrillDownPod #DrillDownEarnings #Palantir