Overview
- Palantir reported an 85% year‑over‑year revenue jump to $1.63 billion in Q1, and on May 24 raised full‑year revenue guidance to roughly 71% growth for 2026.
- The company said its Artificial Intelligence Platform (AIP) was the primary driver of growth, with U.S. commercial revenue up about 133% year‑over‑year as customers converted to AIP.
- Palantir closed 206 deals larger than $1 million and 47 deals of at least $10 million in the quarter, signaling deeper enterprise and government traction.
- Profitability surged: net income more than quadrupled with a reported net profit margin above 50% and roughly $870.5 million in net profits in Q1.
- Despite the results, the stock is down roughly 20–25% year‑to‑date and many analysts remain cautious because of a high forward P/E near 93, dependence on third‑party models like Anthropic and OpenAI, and concentrated U.S. and defense exposure that could pressure pricing or slow sales cycles.