Filing Flows › Palantir Technologies (PLTR) › Q2 2026
Palantir Technologies (PLTR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Palantir Technologies (PLTR) reported revenue of $1.9B for the second quarter 2026 (Q2 2026), +93% from a year earlier and +19% from the quarter before. Operating margin was 47.1%, net earnings $1.1B (54.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | +19% | +93% |
| Gross profit | $1.6B | +16% | +102% |
| Operating profit | $912M | +21% | +239% |
| Net earnings | $1.1B | +22% | +225% |
| Operating cash flow | $1.2B | +35% | +126% |
| Free cash flow | $1.2B | +35% | +126% |
What changed
Revenue was $1.9B in Q2 2026, up 93% year over year and up 19% from the previous quarter.
Gross margin was 84.7%, up 3.9 points from Q2 2025. Operating profit was $0.91B, a 47.1% margin (up 20.3 points year over year). Of the extra revenue versus Q2 2025, 69% reached operating profit, above the 27% margin then. Operating expenses grew 34% against revenue growth of 93%. The fastest-growing cost line was Research & development (+43%). Net earnings were $1.1B, up 225% year over year. The effective tax rate was 1.4%.
Operating cash flow was $1.2B (up 126% year over year), 114% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.27B of share-based compensation. Working capital and other items used $0.12B. Capital expenditures of $0.01B left free cash flow of $1.2B.
Questions
What was Palantir Technologies' revenue in the second quarter 2026?
Palantir Technologies (PLTR) reported revenue of $1.9B for the second quarter 2026 (Q2 2026), +93% from a year earlier and +19% from the quarter before.
Was Palantir Technologies profitable in the second quarter 2026?
Operating profit was $912M (47.1% of revenue) and net earnings $1.1B.