Palantir reported a robust 85% revenue growth for Q1 2026, driven by a 133% surge in US commercial revenue and a net retention rate of 150%. Management raised its full-year revenue guidance to approximately $7.66 billion, supported by a significant expansion in adjusted EBIT margins to 60%. The company strengthened its AI ecosystem through strategic partnerships with Nvidia and Google. Furthermore, remaining performance obligations (RPO) jumped 134% to $4.5 billion, indicating strong future revenue visibility and operational efficiency as expenses grew at a much slower pace than revenue.
Palantir reported 85% revenue growth and a 134% surge in remaining performance obligations to $4.5 billion, signaling strong future visibility.
Read the full storyCompany reports 104% YoY growth in US commercial revenue, driven by robust AI demand and strategic partnerships with Nvidia and Google.
Palantir shares received a boost after Q1 revenue grew 85% and US commercial sales surged 133%, leading to a significant upward revision in annual guidance.