10-QPeriod: Q2 FY2026

Palantir Technologies Inc. Quarterly Report for Q2 Ended Jun 30, 2026

Filed August 4, 2026For Securities:PLTR

Summary

Palantir Technologies Inc. reported a strong financial performance for the six months ended June 30, 2026, demonstrating significant year-over-year growth in revenue and profitability. Total revenue surged by 89% to $3.6 billion, driven by robust growth in both government (78% increase) and commercial (103% increase) sectors. The company's operational efficiency improved, with income from operations more than tripling to $1.7 billion, leading to a net income of $1.9 billion, a substantial increase from $546 million in the prior year period. This robust growth was supported by a strong balance sheet, with cash, cash equivalents, and marketable securities totaling over $9.2 billion as of June 30, 2026. The company continues to expand its customer base, reaching 1,049 customers by June 30, 2026, up from 849 in the prior year. The average revenue per top twenty customer also saw significant growth, increasing by 67%. Palantir's strategic focus on expanding its Artificial Intelligence Platform (AIP) and its global reach, particularly within the U.S. market which accounted for 80% of revenue, highlights its continued growth trajectory. The company's commitment to innovation, as evidenced by the development of platforms like AIP, alongside strong financial results, positions it favorably for future expansion.

Key Highlights

  • 1Revenue for the six months ended June 30, 2026, increased by 89% to $3.6 billion, compared to $1.9 billion in the same period of 2025.
  • 2Income from operations more than tripled to $1.7 billion for the six months ended June 30, 2026, up from $445 million in the prior year.
  • 3Net income attributable to common stockholders reached $1.9 billion for the first six months of 2026, a significant increase from $541 million in the first six months of 2025.
  • 4The company's cash, cash equivalents, and marketable securities increased to $9.2 billion as of June 30, 2026, indicating a strong liquidity position.
  • 5Customer count grew to 1,049 as of June 30, 2026, up from 849 in the prior year, demonstrating market penetration and adoption.
  • 6Average revenue from top twenty customers increased by 67% year-over-year, highlighting success in expanding relationships with key clients.
  • 7Government sector revenue grew 78% and commercial sector revenue grew 103% for the six months ended June 30, 2026, showcasing balanced growth across key segments.

Frequently Asked Questions

Palantir Technologies Inc. reported a revenue of $3.6 billion for the six months ended June 30, 2026, representing an 89% increase compared to $1.9 billion in the same period of 2025. This growth was driven by strong performance in both the government and commercial sectors.

Palantir demonstrated significant improvements in profitability. For the six months ended June 30, 2026, income from operations rose to $1.7 billion, a substantial increase from $445 million in the same period of 2025. Net income attributable to common stockholders was $1.9 billion, compared to $541 million in the prior year's comparable period.

As of June 30, 2026, Palantir's liquidity position remains strong, with cash, cash equivalents, and marketable securities totaling approximately $9.2 billion. The company also generated $2.1 billion in net cash from operating activities during the first six months of 2026.

For the six months ended June 30, 2026, Palantir's revenue was split with 52% coming from government customers and 48% from commercial customers. Revenue from U.S. customers represented 80% of total revenue during this period.