Published , by Ozzie Mejia
Published , by Ozzie Mejia
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 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.