Palantir Technologies — 2026Q3 earnings
reported 2026-08-03
EPS $0.41 vs $0.35 est — beat
next session +29.5% (close 2026-08-03 → 2026-08-04)
Source
Press release ↗Summary
A blowout that accelerated on every axis: revenue grew 93% to $1.935 billion, led by U.S. commercial up 149% to $764 million, with a record $2.132 billion of U.S. commercial TCV closed (up 153%) and profitability scaling alongside — GAAP net income of $1.062 billion at a 55% margin. Full-year 2026 revenue guidance was raised to $8.150-8.158 billion, with management framing the demand surge as an AI-sovereignty wave. On the call, Ryan Taylor sharpened the bookings story — closed TCV grew 271% year-over-year on a dollar-weighted duration basis, underscoring shortening deal cycles — while David Glazer walked through the raised outlook and Alex Karp closed on a characteristically emphatic note about the sovereign-AI opportunity.
Earnings call
Review
From the report
A blowout quarter that accelerated on every axis: revenue grew 93% year-over-year to $1.935 billion, led by U.S. commercial revenue up 149% to $764 million, with a record $2.132 billion of U.S. commercial TCV closed (up 153%). Profitability scaled with growth — GAAP net income of $1.062 billion at a 55% margin — and management raised full-year 2026 revenue guidance to $8.150 – $8.158 billion, framing surging demand as an AI-sovereignty wave.
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Total revenue accelerated to $1.935 billion, up 93% year-over-year and 19% sequentially. show quote
“Revenue grew 93% year-over-year and 19% quarter-over-quarter to $1.935 billion”
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U.S. commercial remained the growth engine, reaching $764 million, up 149% year-over-year and 28% quarter-over-quarter. show quote
“U.S. commercial revenue grew 149% year-over-year and 28% quarter-over-quarter to $764 million”
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Bookings point to durable momentum: a record $2.132 billion of U.S. commercial total contract value closed, up 153% year-over-year. show quote
“Closed a record-setting $2.132 billion of U.S. commercial TCV, up 153% year-over-year”
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Profitability scaled with growth — GAAP net income of $1.062 billion, a 55% margin. show quote
“GAAP net income of $1.062 billion, representing a 55% margin”
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Full-year 2026 revenue guidance was raised to $8.150 – $8.158 billion. show quote
“We are raising our revenue guidance to between $8.150 – $8.158 billion.”
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From the call
On the call, CFO David Glazer confirmed the $1.935 billion quarter (93% growth) and walked through the raised full-year outlook of $8.15 billion to $8.158 billion; CRO Ryan Taylor highlighted $2.1 billion of closed TCV growing 271% year-over-year on a dollar-weighted duration basis, underscoring shortening deal cycles; and CEO Alex Karp closed on an emphatically bullish note about the company's mission and the sovereign-AI opportunity.
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CFO David Glazer confirmed the headline acceleration in his prepared remarks. show quote
“Q2 revenue grew 93% year-over-year and 19% sequentially to $1.935 billion.”
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Glazer detailed the raised full-year 2026 revenue outlook. show quote
“For full year 2026, we are raising our revenue guidance to between $8.15 billion and $8.158 billion.”
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CRO Ryan Taylor emphasized bookings velocity on a duration-adjusted basis — a different cut than the press release's total TCV figure. show quote
“We closed $2.1 billion in TCV with a 271% year-over-year growth rate on a dollar-weighted duration basis.”
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CEO Alex Karp closed the call on a characteristically emphatic note. show quote
“This is one of the most exciting times to be involved in the Palantir mission.”
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as of 2026-08-10