← Who reports today · Information Technology
How Palantir (PLTR) makes money: Q2 2026 revenue breakdown
US GAAP · $M · vs Q2 2025 · reported 08/03/2026
Palantir Technologies Inc. is an American publicly traded company that develops data integration and analytics software. · Wikipedia
More about the company
Palantir is headquartered in Miami, Florida, and was founded in 2003 by Peter Thiel, Stephen Cohen, Joe Lonsdale, Alex Karp, and Nathan Gettings.
Key growth driver: U.S. Commercial — the fastest-growing revenue line: $764, +149% y/y. · by the Q2 2026 report
How does Palantir make money?
Palantir brought in $1.94 billion of revenue in Q2 2026, up 93% year over year. The largest source was U.S. Government: $809 million, or 42% of the total, followed by U.S. Commercial ($764M, 39%) and International & Other ($362M, 19%). Net income for the quarter was $1.06 billion, up 225% year over year.
Revenue by source, Q2 2026
- U.S. Government$809M · 42% · +90%
- U.S. Commercial$764M · 39% · +149%
- International & Other$362M · 19% · +37%
Shares of $1.94B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is PLTR’s next earnings date?
Monday, November 2, 2026estimated
Palantir (PLTR) has not confirmed the date yet; Nov 2, 2026 is an estimate based on the company's past reporting schedule and may move once the date is announced. Consensus EPS forecast: $0.34 (9 analysts), vs $0.18 in the same quarter last year.
What time does PLTR report? Usually after market close: the last 4 results releases reached the SEC at 4:06 pm, 4:06 pm, 4:06 pm, 4:06 pm ET.
Last report: Aug 3, 2026 (Q2 2026) — broken down in the Sankey chart below. Dates and consensus: Nasdaq / Zacks Investment Research; companies do reschedule. Who else reports this week →
All figures in $M.
Revenue
$1,935
+93%
Gross profit
$1,639
+102%
85% margin
Operating income
$912
+239%
47% margin
Net income
$1,062
+225%
55% margin · $0.41 diluted EPS
Verdict: an exceptional quarter with revenue up 93% y/y to $1.94B and GAAP net income more than tripling to $1.06B, driven by explosive 149% growth in U.S. commercial demand, with operating leverage expanding margins even as opex grew.
Cash from operations $1,216M (63% margin); adjusted FCF $1,220M; cash & short-term treasuries $9.2B; Q3 2026 revenue guidance $2.160-2.164B; FY2026 revenue guidance raised to $8.150-8.158B.
Source and notation
* marks non-cash / ≈ estimated. Source: Palantir Technologies press release / 10-Q (SEC EDGAR).
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
PLTR earnings history: past report dates
| Aug 3, 2026 Mon | 4:06 pmafter market close | Jun 30, 2026 | $1.9B+93% y/y | $0.41+215% y/y |
| May 4, 2026 Mon | 4:06 pmafter market close | Mar 31, 2026 | $1.6B+85% y/y | $0.34+325% y/y |
| Feb 2, 2026 Mon | 4:06 pmafter market close | Dec 31, 2025 | ≈$1.4B+70% y/y | ≈$0.24+700% y/y |
| Nov 3, 2025 Mon | 4:06 pmafter market close | Sep 30, 2025 | $1.2B+63% y/y | $0.18+200% y/y |
| Aug 4, 2025 Mon | 4:07 pmafter market close | Jun 30, 2025 | $1.0B+48% y/y | $0.13+117% y/y |
| May 5, 2025 Mon | 4:07 pmafter market close | Mar 31, 2025 | $884M+39% y/y | $0.08+100% y/y |
| Feb 3, 2025 Mon | 4:07 pmafter market close | Dec 31, 2024 | ≈$828M+36% y/y | ≈$0.03−25% y/y |
| Nov 4, 2024 Mon | 4:07 pmafter market close | Sep 30, 2024 | $726M+30% y/y | $0.06+100% y/y |
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Palantir: 5-year financials
| 2025 | 4,475 | 1,414 | 1,625 | 2,101 |
| 2024 | 2,866 | 310 | 462 | 1,141 |
| 2023 | 2,225 | 120 | 210 | 697 |
| 2022 | 1,906 | −161 | −374 | 184 |
| 2021 | 1,542 | −411 | −520 | 321 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP).
How we calculate
Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Corporate governance
0.5/2poor
How the company treats minority shareholders: 2 — well, 0 — systematically poorly.
More
- Feb 2026Per the 10-K 2025: Palantir has three share classes; through Class F the founders' votes are brought up to 49.999999% of the total. sec.gov ↗
- Dec 2025Shares outstanding: 2,027M (2021) → 2,391M (2025), +17.9%; SBC of $684M on revenue of $4.48B (15.3%) (XBRL). data.sec.gov ↗
- Aug 2026Per the 10-Q for Q2 2026: the 2022 class action was dismissed with prejudice on April 4, 2025; an appeal is pending, no payouts. sec.gov ↗
Scoring: 2.0 −0.5 (criterion 7: founders' Class F gives up to 49.999999% of votes, no majority) −1.0 (criterion 1, cap: −0.5 for +18% share growth over 2021–2025 and −0.5 for SBC at 15.3% of revenue in 2025) = 0.5
- Share classes
- Class A (1 vote), Class B (10 votes) and Class F (held in the founders' trust): founders' votes are brought up to 49.999999% — no majority, 0.5 deduction.
- Dilution
- Shares outstanding 2,027M (end of 2021, the first full year after the September 2020 listing) → 2,391M (end of 2025), +17.9%; SBC 15.3% of revenue in 2025 (24% in 2024) — capped deduction of 1.0.
- Disclosure
- Full reporting, filed on time.
- Dividends
- Does not pay or promise dividends.
- Lawsuits & regulators
- The 2022 class action was dismissed with prejudice in April 2025, appeal pending in the 10th Circuit, no payouts — no deduction; no SEC cases.
- Related parties
- Related-party transactions are disclosed in the proxy; none found to be material and off-market.
How the score works · checked as of Sep 2026
Palantir (PLTR) earnings: FAQ
How does Palantir make money?
Palantir brought in $1.94 billion of revenue in Q2 2026, up 93% year over year. The largest source was U.S. Government: $809 million, or 42% of the total, followed by U.S. Commercial ($764M, 39%) and International & Other ($362M, 19%). Net income for the quarter was $1.06 billion, up 225% year over year.
When is PLTR's next earnings date?
Palantir (PLTR) has not confirmed the date yet; Nov 2, 2026 is an estimate based on its past reporting schedule.
What time does PLTR report earnings?
Palantir usually reports after market close: its latest results release was filed with the SEC at 4:06 pm ET on Aug 3, 2026.
When did PLTR last report earnings?
Palantir reported Q2 2026 results on Aug 3, 2026.
What is the EPS estimate for PLTR's next earnings?
The consensus EPS forecast is $0.34 (9 analysts), vs $0.18 in the same quarter last year.
Where can I find Palantir's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to PLTR's filings; this page breaks the latest report down in a Sankey chart.
What was PLTR's net income in Q2 2026?
Palantir reported net income of $1,062M for Q2 2026 (+225% year over year), under US GAAP.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing on 08/25/2026. How we make the breakdowns · Report an error
More reports: QCOM · Q3 FY2026 · SNDK · Q4 2026 · SNPS · Q3 FY26 · STX · FQ4 2026 · TXN · Q2 2026 · WDC · Q4 2026 · AAPL · Q3 2026 · ACN · Q4 FY2026 · ADBE · Q3 2026 · ADI · Q3 2026 · all reports