Filing Flows › Palantir Technologies (PLTR) › Q2 2026 › vs Q2 2025
Palantir Technologies (PLTR) Q2 2026 vs Q2 2025 (year over year)
Palantir Technologies's revenue rose $932M (+93%) from $1.0B in Q2 2025 to $1.9B in Q2 2026. Gross margin 84.7% against 80.8% (+3.9 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 84.7% | 80.8% | +3.9 pts |
| Operating margin | 47.1% | 26.8% | +20.3 pts |
| Net margin | 54.9% | 32.6% | +22.3 pts |
| Free cash flow margin | 62.1% | 53.0% | +9.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.9B | $1.0B | $932M | +93% |
| Gross profit | $1.6B | $811M | $828M | +102% |
| Cost of revenue | $297M | $193M | $104M | +54% |
| Other income, net | $169M | $62.9M | $106M | +169% |
| Operating profit | $912M | $269M | $643M | +239% |
| Operating expenses | $727M | $541M | $185M | +34% |
| Pre-tax earnings | $1.1B | $332M | $749M | +226% |
| Research & development | $193M | $135M | $57.5M | +43% |
| Sales & marketing | $340M | $244M | $95.7M | +39% |
| General & admin | $195M | $163M | $32.0M | +20% |
| Net earnings | $1.1B | $327M | $735M | +225% |
| Minority interests | $4.1M | $1.8M | $2.2M | +121% |
| Income tax | $15.4M | $3.6M | $11.8M | +328% |
| Depreciation & amortization | $8.2M | $6.5M | $1.7M | +26% |
| Share-based compensation | $265M | $160M | $105M | +66% |
| Working capital & other | $119M | −$46.0M | $165M | — |
| Operating cash flow | $1.2B | $539M | $677M | +126% |
| Free cash flow (OCF − capex) | $1.2B | $532M | $670M | +126% |
| Capital expenditures | $14.6M | $7.6M | $6.9M | +91% |
Questions
How much did Palantir Technologies's revenue grow year over year in Q2 2026?
Palantir Technologies's revenue rose $932M (+93%) from $1.0B in Q2 2025 to $1.9B in Q2 2026. Gross margin 84.7% against 80.8% (+3.9 pts).