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Palantir revenue jumps 93% as Karp hails "otherworldly" quarter, raises guidance
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Summary:Palantir reported second quarter 2026 revenue of around $1.9 billion, up 93% year-over-year and 19% quarter-over-quarter.
U.S. commercial revenue rose 149% year-over-year to roughly $764 million, while U.S. government revenue grew 90% year-over-year to about $809 million.
Palantir raised its full-year 2026 guidance across revenue, U.S. commercial revenue, adjusted operating income and adjusted free cash flow.
Palantir ended the period with cash, cash equivalents and short-term U.S. Treasury securities totalling around $9.2 billion.
Looking ahead, Palantir guided third quarter revenue to a range of roughly $2.16 to $2.16 billion, with adjusted income from operations expected between approximately $1.29 and $1.3 billion.