Filing Flows › Palantir Technologies (PLTR) › Q2 2026 › vs Q1 2026
Palantir Technologies (PLTR) Q2 2026 vs Q1 2026 (quarter over quarter)
Palantir Technologies's revenue rose $303M (+19%) from $1.6B in Q1 2026 to $1.9B in Q2 2026. Gross margin 84.7% against 86.8% (-2.1 pts).
Palantir Technologies, Q2 2026: revenue $1.9B (+93% year over year), operating margin 47.1%, net earnings $1.1B, operating cash flow $1.2B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 84.7% | 86.8% | -2.1 pts |
| Operating margin | 47.1% | 46.2% | +0.9 pts |
| Net margin | 54.9% | 53.3% | +1.5 pts |
| Free cash flow margin | 62.1% | 54.6% | +7.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $1.9B | $1.6B | $303M | +19% |
| Gross profit | $1.6B | $1.4B | $222M | +16% |
| Cost of revenue | $297M | $216M | $81.1M | +38% |
| Other income, net | $169M | $135M | $34.7M | +26% |
| Operating profit | $912M | $754M | $158M | +21% |
| Operating expenses | $727M | $663M | $63.8M | +10% |
| Pre-tax earnings | $1.1B | $889M | $193M | +22% |
| Research & development | $193M | $161M | $31.5M | +20% |
| Sales & marketing | $340M | $319M | $20.3M | +6% |
| General & admin | $195M | $183M | $12.0M | +7% |
| Net earnings | $1.1B | $871M | $191M | +22% |
| Minority interests | $4.1M | $5.9M | −$1.8M | -31% |
| Income tax | $15.4M | $12.2M | $3.2M | +26% |
| Depreciation & amortization | $8.2M | $6.8M | $1.5M | +22% |
| Share-based compensation | $265M | $202M | $63.6M | +32% |
| Working capital & other | $119M | $180M | −$60.6M | -34% |
| Operating cash flow | $1.2B | $899M | $317M | +35% |
| Free cash flow (OCF − capex) | $1.2B | $892M | $310M | +35% |
| Capital expenditures | $14.6M | $7.4M | $7.2M | +97% |
Questions
How much did Palantir Technologies's revenue grow quarter over quarter in Q2 2026?
Palantir Technologies's revenue rose $303M (+19%) from $1.6B in Q1 2026 to $1.9B in Q2 2026. Gross margin 84.7% against 86.8% (-2.1 pts).