Palantir Reports 85% Revenue Surge in Q1 2026, Raises FY26 Outlook

Palantir Technologies (PLTR) announced a remarkable 85% year-over-year revenue increase for Q1 2026, reaching $1.633 billion, marking its fastest growth rate. According to BeInCrypto, the company revised its full-year guidance upward, projecting revenue between $7.650 billion and $7.662 billion, driven by accelerating US demand. US revenue doubled to $1.282 billion, with commercial revenue soaring 133% to $595 million. Despite mixed stock reactions, CEO Alex Karp emphasized Palantir's role in AI infrastructure alongside NVIDIA and Micron. Shares closed at $146.03, up 1.36%, but fell 2.70% after hours.