Palantir Soars on Q1 Revenue Surge and Raised Guidance

An update from Palantir Technologies ( (PLTR) ) is now available.

On May 4, 2026, Palantir reported that first-quarter 2026 revenue rose 85% year over year to $1.63 billion, powered by a 104% surge in U.S. revenue and record profitability metrics, including a Rule of 40 score of 145% and GAAP net income margin of 53%. The company closed $2.41 billion in total contract value, saw U.S. commercial remaining deal value more than double, and, on the back of this momentum and strong cash generation, sharply raised its full-year 2026 guidance for total revenue, U.S. commercial revenue, adjusted operating income, and free cash flow, underscoring its strengthening position in the AI infrastructure market and signaling substantial upside for investors and other stakeholders.

The most recent analyst rating on (PLTR) stock is a Hold with a $151.00 price target. To see the full list of analyst forecasts on Palantir Technologies stock, see the PLTR Stock Forecast page.

Spark’s Take on PLTR Stock

According to Spark, TipRanks’ AI Analyst, PLTR is a Outperform.

PLTR scores well on fundamentals and earnings-call outlook, supported by very strong margins, cash generation, and low leverage alongside aggressive 2026 guidance. The score is held back by weak technical momentum (below major moving averages with negative MACD) and an extremely high P/E that increases downside sensitivity if growth or execution cools, particularly given US concentration and slower international adoption.

To see Spark’s full report on PLTR stock, click here.

More about Palantir Technologies

Palantir Technologies Inc. is a U.S.-based data analytics and artificial intelligence infrastructure company whose platforms are used by commercial enterprises and government agencies for large-scale data integration, decision support, and operational intelligence. Listed on Nasdaq under the ticker PLTR, it has a significant presence in both U.S. commercial markets and government sectors, with growing emphasis on accelerating adoption of its AI-driven software platforms in the domestic market.

On May 4, 2026, Palantir reported that first-quarter 2026 revenue rose 85% year over year to $1.63 billion, powered by a 104% surge in U.S. revenue and record profitability metrics, including a Rule of 40 score of 145% and GAAP net income margin of 53%. The company closed $2.41 billion in total contract value, saw U.S. commercial remaining deal value more than double, and, on the back of this momentum and strong cash generation, sharply raised its full-year 2026 guidance for total revenue, U.S. commercial revenue, adjusted operating income, and free cash flow, underscoring its strengthening position in the AI infrastructure market and signaling substantial upside for investors and other stakeholders.

Average Trading Volume: 49,787,920

Technical Sentiment Signal: Hold

Current Market Cap: $344.6B

Learn more about PLTR stock on TipRanks’ Stock Analysis page.