Shares of Palantir (PLTR) jumped in after-hours trading after the AI software company reported better-than-expected results for its first quarter of Fiscal Year 2026. Earnings per share came in at $0.33, which beat the consensus estimate of $0.28 per share. Furthermore, revenue increased by 85% year-over-year to $1.63 billion. This beat analysts’ expectations of $1.54 billion.
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Guidance Moves Higher
Palantir raised its full‑year outlook and issued updated guidance for Q2.
Q2 2026 Outlook
- Revenue: $1.797 billion-$1.801 billion
- Adjusted operating income: $1.063 billion-$1.067 billion
Full‑Year 2026 Outlook
- Revenue: $7.650 billion-$7.662 billion, up from $7.182 billion-$7.198 billion
- U.S. commercial revenue: more than $3.224 billion, at least 120% growth
- Adjusted operating income: $4.440 billion-$4.452 billion
- Adjusted free cash flow: $4.2 billion-$4.4 billion
- Continued GAAP profitability expected every quarter this year
Is PLTR Stock a Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on Palantir stock based on 13 Buys, four Holds, and two Sells assigned in the past three months. The average PLTR price target of $184.63 per share implies 26.43% upside potential. However, it’s worth noting that estimates will likely change following today’s earnings report.
