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Palantir (PLTR) Q1 2026 earnings results beat EPS and revenue expectations

Palantir earnings are up after a quarter that included deals with the U.S. government and NVIDIA, among others.
Ozzie Mejia
Ozzie Mejia
Palantir
1

Palantir (PLTR) issued its earnings report for Q1 2026. The AI tech company has beaten revenue expectations, reporting a figure of $1.63 billion USD. That's higher than the analyst estimate of $1.54 billion. The company also finished with an earnings-per-share (EPS) number of $0.33 per share, just over analyst and whisper estimates, which were at $0.28 per share and $0.32 per share, respectively.

"The United States remains the center, the constant core, of our business," CEO Alex Karp in a shareholder letter (via Yahoo! Finance). "And that business is erupting."

The Palantir Q1 2026 business update points to several highlights for the company's most recent quarter. That includes its deals with the Department of War, the Department of Homeland Security, and the Department of Agriculture; its partnership with Airbus; and its partnership with chip maker NVIDIA for AI-based operating systems. Palantir's revenue figures grew by a total of 85 percent year-over-year, up from $884 million at this point last year.

Palantir (PLTR) stock chart for May 4, 2026

Source: Yahoo! Finance

Palantir finished the May 4, 2026 trading day up $1.96 per share. That number has fallen slightly in after-hours trading.

Palantir continues to have its hands in many jars, from the U.S. government to domestic chip makers like NVIDIA. We'll continue to watch their latest moves, so keep it on Shacknews for the latest stories.

Shacknews staff does not use generative artificial intelligence (AI) in their content. Shacknews strictly prohibits the use of its content for AI training or to generate text, including text in the style or format used for this publication. Shacknews reserves all rights to this work.

Senior Editor
Senior Editor

Ozzie has been playing video games since picking up his first NES controller at age 5. He has been into games ever since, only briefly stepping away during his college years. But he was pulled back in after spending years in QA circles for both THQ and Activision, mostly spending time helping to push forward the Guitar Hero series at its peak. Ozzie has become a big fan of platformers, puzzle games, shooters, and RPGs, just to name a few genres, but he’s also a huge sucker for anything with a good, compelling narrative behind it. Because what are video games if you can't enjoy a good story with a fresh Cherry Coke?

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