Filing Flows › Palantir Technologies (PLTR) › Q1 2026
Palantir Technologies (PLTR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Palantir Technologies (PLTR) reported revenue of $1.6B for the first quarter 2026 (Q1 2026), +85% from a year earlier and +16% from the quarter before. Operating margin was 46.2%, net earnings $871M (53.3% of revenue).
Palantir Technologies, Q1 2026: revenue $1.6B (+85% year over year), operating margin 46.2%, net earnings $871M, operating cash flow $899M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +16% | +85% |
| Gross profit | $1.4B | +19% | +99% |
| Operating profit | $754M | +31% | +328% |
| Net earnings | $871M | +43% | +307% |
| Operating cash flow | $899M | +16% | +190% |
| Free cash flow | $892M | +17% | +193% |
What changed
Revenue was $1.6B in Q1 2026, up 85% year over year and up 16% from the previous quarter.
Gross margin was 86.8%, up 6.4 points from Q1 2025. Operating profit was $0.75B, a 46.2% margin (up 26.3 points year over year). Of the extra revenue versus Q1 2025, 77% reached operating profit, above the 20% margin then. Operating expenses grew 24% against revenue growth of 85%. The fastest-growing cost line was Sales & marketing (+35%). Net earnings were $0.87B, up 307% year over year. The effective tax rate was 1.4%.
Operating cash flow was $0.90B (up 190% year over year), 103% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.20B of share-based compensation. Working capital and other items used $0.19B. Capital expenditures of $0.01B left free cash flow of $0.89B.
Questions
What was Palantir Technologies' revenue in the first quarter 2026?
Palantir Technologies (PLTR) reported revenue of $1.6B for the first quarter 2026 (Q1 2026), +85% from a year earlier and +16% from the quarter before.
Was Palantir Technologies profitable in the first quarter 2026?
Operating profit was $754M (46.2% of revenue) and net earnings $871M.