Palantir Technologies Inc (NASDAQ:PLTR) reported financial results for the first quarter of 2026 after the market close on Monday. Here’s a rundown of the report.
- Palantir Technologies stock is gaining positive traction. Why is PLTR stock trading higher?
Palantir Q1 Earnings Highlights
Palantir reported first-quarter revenue of $1.63 billion, beating analyst estimates of $1.54 billion. The AI software company reported adjusted earnings of 33 cents per share for the quarter, beating analyst estimates of 28 cents per share, according to Benzinga Pro.
Total revenue was up 85% year-over-year in the quarter as U.S. revenue grew 104% year-over-year to $1.28 billion. U.S. Commercial revenue increased 133% year-over-year to $595 million and U.S. Government revenue jumped 84% year-over-year to $687 million. Palantir noted that its Rule of 40 score is now at 145%.
“Palantir’s Rule of 40 score has soared to 145%. We have shattered the metric, a feat matched only by other fellow AI infrastructure companies: NVIDIA, Micron and SK hynix,” said Alex …
