Palantir revenue jumps 93% to $1.94 billion

• Palantir reported Q2 revenue of $1.94 billion, up 93%, as U.S. revenue more than doubled.
• Palantir shares rose about 8% in after-hours trading after closing at $125.86.
• The company raised its 2026 revenue guidance to $8.150–$8.158 billion.

Palantir Technologies (NASDAQ:PLTR) reported Q2 revenue of $1.94 billion, up 93%, as its U.S. business generated $1.57 billion.

Revenue exceeded analysts’ $1.81 billion estimate and accelerated from the 85% annual growth reported during the previous quarter.

U.S. commercial revenue increased 149% to $764 million, while U.S. government revenue rose 90% to $809 million.

Palantir raised 2026 revenue guidance to $8.150–$8.158 billion and expects Q3 revenue of $2.160–$2.164 billion.

Following the announcement, Palantir's share price was up about 8% at approximately $135.93 in after-hours trading.

The company closed $3.37 billion in contracts, generated $1.22 billion in operating cash flow and ended June with $9.2 billion in liquidity.

Palantir sells its AIP, Foundry, Gotham and Apollo software platforms to government agencies and commercial organisations.