Palantir Technologies

Palantir reported Q2 2026 revenue of $1.935 billion, up 93% year-over-year and 19% quarter-over-quarter, driven by U.S. commercial revenue growth of 149% YoY to $764 million. Total contract value closed reached $3.373 billion (up 49% YoY), with a record $2.132 billion in U.S. commercial TCV (up 153% YoY). The company closed 220 deals of $1M+, 98 of $5M+, and 73 of $10M+. GAAP operating income was $912 million (47% margin) and GAAP net income was $1.062 billion (55% margin). The company raised full-year 2026 revenue guidance to $8.15–8.158 billion (82% YoY growth) and U.S. commercial revenue guidance to $3.424B+ (134%+ growth). Adjusted operating margin was 62%, with adjusted free cash flow of $1.220 billion (63% margin). GAAP diluted EPS was $0.41.