Filing Flows › Palantir Technologies (PLTR) › Q3 2026 › vs Q2 2026
Palantir Technologies (PLTR) Q3 2026 vs Q2 2026 (quarter over quarter)
Palantir Technologies's revenue rose $378M (+20%) from $1.9B in Q2 2026 to $2.3B in Q3 2026. Gross margin 83.4% against 84.7% (-1.2 pts).
Palantir Technologies, Q3 2026: revenue $2.3B (+96% year over year), operating margin 46.9%, net earnings $1.1B, operating cash flow $1.2B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 83.4% | 84.7% | -1.2 pts |
| Operating margin | 46.9% | 47.1% | -0.2 pts |
| Net margin | 48.8% | 54.9% | -6.1 pts |
| Free cash flow margin | 51.7% | 62.1% | -10.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $2.3B | $1.9B | $378M | +20% |
| Gross profit | $1.9B | $1.6B | $292M | +18% |
| Cost of revenue | $383M | $297M | $86.4M | +29% |
| Other income, net | $63.2M | $169M | −$106M | -63% |
| Operating profit | $1.1B | $912M | $173M | +19% |
| Operating expenses | $845M | $727M | $119M | +16% |
| Pre-tax earnings | $1.1B | $1.1B | $66.7M | +6% |
| Research & development | $220M | $193M | $27.2M | +14% |
| Sales & marketing | $397M | $340M | $57.2M | +17% |
| General & admin | $229M | $195M | $34.3M | +18% |
| Net earnings | $1.1B | $1.1B | $66.1M | +6% |
| Minority interests | $6.4M | $4.1M | $2.4M | +58% |
| Income tax | $13.6M | $15.4M | −$1.8M | -12% |
| Depreciation & amortization | $7.0M | $8.2M | −$1.2M | -14% |
| Share-based compensation | $319M | $265M | $53.7M | +20% |
| Working capital & other | $249M | $119M | $130M | +109% |
| Operating cash flow | $1.2B | $1.2B | −$11.6M | -1% |
| Free cash flow (OCF − capex) | $1.2B | $1.2B | −$5.1M | -0.4% |
| Capital expenditures | $8.0M | $14.6M | −$6.5M | -45% |
Questions
How much did Palantir Technologies's revenue grow quarter over quarter in Q3 2026?
Palantir Technologies's revenue rose $378M (+20%) from $1.9B in Q2 2026 to $2.3B in Q3 2026. Gross margin 83.4% against 84.7% (-1.2 pts).