PLTR

EX-99.1

2 a2026q1ex991pressrelease.htm

EX-99.1

Document

Exhibit 99.1

Palantir Reports Q1 2026 U.S. Revenue Growth of 104% Y/Y and Revenue Growth of 85% Y/Y; Raises FY 2026 Revenue Guidance to 71% Y/Y Growth and U.S. Comm Revenue Guidance to 120% Y/Y, Crushing Consensus Expectations

5/4/2026

MIAMI — (BUSINESS WIRE) — Palantir Technologies Inc. (NASDAQ:PLTR) today announced financial results for the first quarter ended March 31, 2026.

“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. Momentum surged as we grew 85% last quarter—our highest-ever year-over-year growth rate—by more than doubling our U.S. business, and now we are raising our full-year revenue guidance to 71% growth, 10 points ahead of our guidance from last quarter, driven by our confidence in an accelerating U.S. market,” said Alex Karp, Co-Founder and Chief Executive Officer of Palantir Technologies.

Q1 2026 Highlights

•U.S. revenue grew 104% year-over-year and 19% quarter-over-quarter to $1.282 billion

◦U.S. commercial revenue grew 133% year-over-year and 18% quarter-over-quarter to $595 million

◦U.S. government revenue grew 84% year-over-year and 21% quarter-over-quarter to $687 million

•Revenue grew 85% year-over-year and 16% quarter-over-quarter to $1.633 billion

•Closed 206 deals of at least $1 million, 72 deals of at least $5 million, and 47 deals of at least $10 million

•Closed total contract value (“TCV”) of $2.41 billion, up 61% year-over-year

◦Closed $1.176 billion of U.S. commercial TCV, up 45% year-over-year

•U.S. commercial remaining deal value (“RDV”) of $4.92 billion, up 112% year-over-year and 12% quarter-over-quarter

•GAAP income from operations of $754 million, representing a 46% margin

•Adjusted income from operations of $984 million, representing a 60% margin

•Rule of 40 score of 145%

•GAAP net income of $871 million, representing a 53% margin

•Cash from operations of $899 million, representing a 55% margin

•Adjusted free cash flow of $925 million, representing a 57% margin

•GAAP earnings per share (“EPS”) of $0.34

•Adjusted EPS of $0.33

•Cash, cash equivalents, and short-term U.S. Treasury securities of $8.0 billion

Q1 2026 Financial Summary

(Unaudited) (Amounts in thousands, except percentages and per share amounts)First Quarter

Amount

Revenue$1,632,583

Year-over-year growth85 %

AmountMargin

Income from Operations$753,998 46 %

Adjusted Income from Operations$983,545 60 %

Cash from Operations$899,165 55 %

Adjusted Free Cash Flow$924,630 57 %

Net Income Attributable to Common Stockholders$870,527 53 %

Adjusted Net Income Attributable to Common Stockholders$856,450

Adjusted EBITDA$990,310 61 %

GAAP EPS, Diluted$0.34

Adjusted EPS, Diluted$0.33

Outlook

For Q2 2026, we expect:

•Revenue of between $1.797 – $1.801 billion.

•Adjusted income from operations of between $1.063 – $1.067 billion.

For full year 2026:

•We are raising our revenue guidance to between $7.650 – $7.662 billion.

•We are raising our U.S. commercial revenue guidance to in excess of $3.224 billion, representing a growth rate of at least 120%.

•We are raising our adjusted income from operations guidance to between $4.440 – $4.452 billion.

•We are raising our adjusted free cash flow guidance to between $4.2 – $4.4 billion.

•And we continue to expect GAAP operating income and net income in each quarter of this year.

CEO Letter

Palantir CEO Alex Karp’s quarterly letter is available through Palantir’s website at https://www.palantir.com/newsroom/letters.

Earnings Webcast

A live public webcast will be held at 5:00 PM ET today to discuss the results for our first quarter ended March 31, 2026 and financial outlook. The webcast can be accessed by registering online at https://palantir.events/palantirearnings-q12026. A replay of the webcast will be available at https://investors.palantir.com following the event.

An investor presentation, including supplemental financial information and reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, will be available through Palantir’s Investor Relations website at https://investors.palantir.com.

Forward-Looking Statements

This press release and statements on our earnings webcast contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding our financial outlook, product development and related timing, distribution, and pricing, expected benefits of and applications for our software platforms, business strategy, and plans (including strategy and plans relating to our Artificial Intelligence Platform (“AIP”), sales and marketing efforts, sales force, partnerships, and customers), investments in our business, market trends and market size, opportunities (including growth opportunities), our expe

pltr-202602020001321655FALSE00013216552026-02-022026-02-020001321655dei:FormerAddressMember2026-02-022026-02-02

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported) February 2, 2026

Palantir Technologies Inc. (Exact name of registrant as specified in its charter)

Delaware 001-39540 68-0551851

(State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification Number)

518 17th Street, Suite 1015 Denver, Colorado 80202 (Address of principal executive offices and zip code)

(720) 358-3679 (Registrant’s telephone number, including area code)

1200 17th Street, Floor 15 Denver, Colorado 80202 (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading symbol(s) Name of each exchange on which registered

Class A Common Stock, par value $0.001 per share

PLTR

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 - Results of Operations and Financial Condition On February 2, 2026, Palantir Technologies Inc. (including its subsidiaries, “Palantir,” or the “Company”) issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 31, 2025. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. The information furnished under this Item 2.02 and in the accompanying Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

Item 7.01 - Regulation FD Disclosure On February 2, 2026, the Company posted a new investor presentation on its investor relations website at https://investors.palantir.com and a letter from its Chief Executive Officer at https://www.palantir.com.

Item 9.01 - Financial Statements and Exhibits (d) Exhibits

Exhibit NumberDescription 99.1 Press release, dated February 2, 2026

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 2, 2026 Palantir Technologies Inc.

By: /s/ Alexander C. Karp

Alexander C. Karp

Chief Executive Officer

pltr-202511030001321655FALSE00013216552025-11-032025-11-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event reported) November 3, 2025

Palantir Technologies Inc. (Exact name of registrant as specified in its charter)

Delaware 001-39540 68-0551851

(State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification Number)

1200 17th Street, Floor 15 Denver, Colorado 80202 (Address of principal executive offices and zip code) (720) 358-3679 (Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading symbol(s) Name of each exchange on which registered

Class A Common Stock, par value $0.001 per share

PLTR

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 - Results of Operations and Financial Condition On November 3, 2025, Palantir Technologies Inc. (including its subsidiaries, “Palantir,” or the “Company”) issued a press release announcing its financial results for the fiscal quarter ended September 30, 2025. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. The information furnished under this Item 2.02 and in the accompanying Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

Item 7.01 - Regulation FD Disclosure On November 3, 2025, the Company posted a new investor presentation on its investor relations website at https://investors.palantir.com and a letter from its Chief Executive Officer at https://www.palantir.com.

Item 9.01 - Financial Statements and Exhibits

(d) Exhibits

Exhibit NumberDescription 99.1 Press release, dated November 3, 2025

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 3, 2025 Palantir Technologies Inc.

By: /s/ Alexander C. Karp

Alexander C. Karp

Chief Executive Officer