Palantir beats Q1 earnings and revenue estimates, driven by strong US commercial growth, and raises 2026 outlook.

Palantir Technologies reported Q1 results surpassing expectations with adjusted EPS of $0.33 and revenue of $1.63 billion, up 85% year-over-year. The US market led growth, especially the commercial segment which surged 133% to $595 million. The company closed 206 deals over $1 million, with total contract value rising 61% to $2.41 billion. Profitability improved significantly, and Palantir ended the quarter with $8 billion in cash. It raised its full-year 2026 revenue guidance to $7.65-$7.66 billion, expecting over 120% growth in US commercial revenue and higher adjusted operating income and free cash flow.