Fiscal year ends DecLast earnings: May 4, 2026Est. next earnings: Aug 4, 2026
Latest Score
10.0/ 10
±0.0vs prior
4-Period Change
+1.0
vs Q1 '25
Challenge RatePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
0%
All quarters
10.0out of 10Positive
Sentiment · FY2026 Q1
Q4 '24Q1 '26
Top Analysts & Firms
Most Active Analysts
Analyst
Firm
Questions
ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
Base8Base 8GAAP revenue YoY +84.7% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript0Transcript 0GAAP revenue is clean, no distortion. Palantir is a software/AI platform company with no structural GAAP revenue mismatch.+EPS+1EPS +1EPS YoY 305.73% vs revenue YoY 84.71%, spread +221.02 percentage points. operating income YoY 328.29%, operating income spread +243.58 percentage points confirms same direction. Both outside ±5 percentage points, same positive direction — massive operating leverage from scaling AI platform on relatively fixed cost base.+Guidance+2Guidance +2Full-year 2026 revenue guidance raised from midpoint $6.96B to $7.656B, a 10.0% increase ((7656-6960)/6960=10.0%). Raise ≥3%. Also raised US commercial revenue guidance to at least $3.224B (120%+ growth), adjusted operating income to $4.44-$4.452B, and adjusted free cash flow to $4.2-$4.4B.=Final10
How this score was built
Base8Base 8GAAP revenue YoY +84.7% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript0Transcript 0GAAP revenue is clean, no distortion. Palantir is a software/AI platform company with no structural GAAP revenue mismatch.+
Macro Signals
↑AI & Tech↑Enterprise Spending↑CAPEX
Palantir delivered record Q1 revenue growth of 85% year-over-year to $1.633 billion, with US revenue surpassing 100% growth for the first time. Adjusted operating margin reached 60%. Full-year 2026 revenue guidance was raised 10% to $7.656 billion midpoint, the largest raise ever. AIP platform dominance drove enterprise AI adoption with government AI demand accelerating across defense and civil. International commercial growth continued to lag US momentum.
Key Themes7
positive📊 company
Revenue Growth Accelerates To 85% YOY, Highest Ever
Total revenue grew 85% YOY and 16% sequentially to $1.633 billion, marking the eleventh consecutive quarter of accelerating revenue growth. Rule of 40 score expanded to 145 from 127 last quarter.
Revenue GrowthDemand
positive📊 company
US Revenue Surpasses 100% YOY Growth For First Time
US business grew 104% YOY and 19% sequentially to $1.282 billion, now representing 79% of total revenue. US commercial grew 133% YOY and US government grew 84% YOY.
EPS +1EPS YoY 305.73% vs revenue YoY 84.71%, spread +221.02 percentage points. operating income YoY 328.29%, operating income spread +243.58 percentage points confirms same direction. Both outside ±5 percentage points, same positive direction — massive operating leverage from scaling AI platform on relatively fixed cost base.
+
Guidance+2Guidance +2Full-year 2026 revenue guidance raised from midpoint $6.96B to $7.656B, a 10.0% increase ((7656-6960)/6960=10.0%). Raise ≥3%. Also raised US commercial revenue guidance to at least $3.224B (120%+ growth), adjusted operating income to $4.44-$4.452B, and adjusted free cash flow to $4.2-$4.4B.
=
Final10
AIP Platform Dominance Drives Enterprise AI Adoption
AIP positioned as the only enterprise AI platform delivering production-grade results without slop. Customers like AIG deploying multi-agentic underwriting and claims solutions, GE Aerospace deepening partnership after 26% engine performance increase.
Cloud & AICompetitive Dynamics
positive📊 company
Record Profitability With 60% Adjusted Operating Margin
Adjusted income from operations reached $984 million at 60% margin. GAAP net income was $871 million at 53% margin. Adjusted free cash flow was $925 million at 57% margin.
MarginRevenue Growth
positive📊 company
Full-Year 2026 Guidance Raised 10%, Largest Ever Raise
Full-year 2026 revenue guidance midpoint raised to $7.656 billion, representing 71% YOY growth and a 10% increase over prior quarter guidance. US commercial revenue guidance raised to at least $3.224 billion or 120%+ growth.
Guidance ReliabilityRevenue Growth
positive📊 company
Government AI Demand Accelerates Across Defense And Civil
Maven usage doubled in four months and is 4x over twelve months. USDA awarded a contract of up to $300 million. Ship OS transforming naval manufacturing with approval times reduced from 200 hours to 15 seconds.
DemandRegulation Policy
mixed📊 company
International Commercial Growth Lags US Momentum
International commercial revenue grew 26% YOY and 5% sequentially to $179 million, significantly trailing US commercial growth of 133%. International government grew 51% YOY to $172 million.
Zscaler delivered 25% revenue growth to $850 million with non-GAAP operating margin reaching an all-time high of 23%, achieving Rule of 55 performance year-to-date