Palantir Technologies will report its second-quarter 2026 earnings after market close today, with Wall Street expecting revenue growth of approximately 80 percent year-over-year as the defense and AI-focused data analytics firm continues a remarkable acceleration in sales. The company is scheduled to release results at 4 PM ET, followed by a webcast at 5 PM ET.
Analysts project Q2 revenue of roughly $1.81 billion, representing an 80 to 81 percent increase from the year-ago quarter, according to consensus estimates. Adjusted earnings per share are expected to reach $0.34 to $0.35, up 115 percent year-over-year, signaling the company’s improving profitability alongside its rapid top-line expansion.
The earnings announcement comes on the heels of a transformative first quarter in which Palantir delivered 85 percent revenue growth—the fastest pace in the company’s history as a public entity. That performance prompted the company to raise its full-year 2026 revenue guidance to $7.65 billion to $7.66 billion, up from its prior range of $7.18 billion to $7.20 billion, implying annual growth of approximately 71 percent. U.S. revenue in Q1 surged 104 percent year-over-year, with commercial revenue climbing 133 percent and government revenue accelerating 84 percent.
Palantir’s growth has been fueled by twin drivers: expansion in its U.S. commercial business, which serves private-sector clients, and sustained strength in government contracts tied to defense and artificial intelligence initiatives. The Pentagon has awarded the company major multiyear agreements, including a $10 billion Army contract announced in 2025, and has expanded funding for Palantir’s Maven Smart System, an AI-powered military platform. In Q1 2026, U.S. commercial revenue reached $595 million, while U.S. government revenue climbed to $687 million.
Options pricing suggests traders are bracing for a significant stock move, with implied volatility pointing to a potential 8 to 10 percent swing in either direction once results are released. The company has now delivered eight consecutive quarters of earnings-per-share beats and has posted 12 straight quarters of revenue acceleration, a streak that underscores the consistency of its execution.
For context, when Palantir reported Q1 results in May, the stock initially fell despite the company crushing consensus expectations and raising guidance—a pattern that highlights how high expectations have become embedded in the valuation. Analysts expect Q2 to test whether the company can maintain its acceleration while navigating persistent questions about valuation and the sustainability of triple-digit growth rates in its commercial segment.
Sources
- Yahoo Finance — Q2 2026 consensus revenue growth estimate of 80.8 percent and analyst expectations
- Investors.com — Q2 2026 revenue forecast of $1.812 billion and adjusted EPS of 34 cents, up 115 percent year-over-year
- Tickeron — Wall Street consensus for $1.81 billion revenue and 81 percent year-over-year growth
- CME Elite Group — August 3, 2026 earnings release date and 5:00 PM ET webcast time
- Palantir Investor Relations — Q1 2026 earnings release showing 85 percent revenue growth, 104 percent U.S. revenue growth, 133 percent U.S. commercial growth, and 84 percent U.S. government growth; full-year 2026 guidance of $7.65–$7.66 billion representing 71 percent annual growth
- Insider Finance — Options-implied stock move of 8–10 percent
- Reuters — Q1 2026 performance and raised full-year 2026 guidance
- CNBC — Q1 2026 revenue growth of 85 percent, fastest increase since 2020 public debut
- Business Wire — Palantir’s announcement of Q2 2026 earnings release date of August 3, 2026
