Palantir Q1 Revenue Jumps 85% to $1.63B as Company Raises FY26 Outlook

Palantir reported Q1 2026 revenue of $1.633 billion, up 85% year over year, and raised its FY 2026 revenue outlook to $7.650 billion-$7.662 billion. US revenue doubled to $1.282 billion, while US commercial revenue rose 133% to $595 million. PLTR closed up 1.36% at $146.03, but the shares fell 2.70% after hours to $142.09.

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