Earnings Release

Palantir Technologies Inc.'s latest earnings press release, filed Aug 3, 2026, scored line by line for tone, guidance and what changed since the prior release.

Guidance raised36 lines scoredFiled Aug 3, 2026SEC 8-K · Exhibit 99

Release Tone

UPBEAT

GuidanceGuidance raisedWhat this release does to the company's outlook

Tone change▼ 1.1pointsvs the prior release (May 4, 2026)

Hedging language0.00per 100 words▼ 0.00 vs prior

New this quarter10of 36 linesWording that was not in the prior release

The lines that matter most

Ranked by how material, how strongly worded and how new each sentence is.

1
Palantir Reports Q2 2026 U.S. Comm Revenue Growth of 149% Y/Y and Revenue Growth of 93% Y/Y; Raises FY 2026 Revenue Guidance to 82% Y/Y Growth and U.S. Comm Revenue Guidance to 134% Y/Y, Crushing Consensus Expectations
Guidance raised
2
We are raising our U.S. commercial revenue guidance to in excess of $3.424 billion, representing a growth rate of at least 134%.
Guidance raised
3
We are raising our adjusted free cash flow guidance to between $4.5 – $4.7 billion.
Guidance raised
4
This quarter was otherworldly: our U.S. commercial revenue grew 149% year-over-year, our overall revenue grew 93% year-over-year, and our Rule of 40 score climbed to 155%.
New this quarter
5
We are raising our revenue guidance to between $8.150 – $8.158 billion.
Guidance raised
6
We are raising our adjusted income from operations guidance to between $4.889 – $4.897 billion.
Guidance raised
7
Closed a record-setting $2.132 billion of U.S. commercial TCV, up 153% year-over-year
8
Revenue grew 93% year-over-year and 19% quarter-over-quarter to $1.935 billion

Release by release

Tone and guidance for the last 2 earnings releases.

Aug 3, 2026Guidance raised74.6-1.1
May 4, 2026Guidance raised75.7

Bar length: tone on a 50–81 scale.

The release, annotated

1Highlight rankPositive toneNeutralNegative toneDimmed text: low materiality

Results

1Palantir Reports Q2 2026 U.S. Comm Revenue Growth of 149% Y/Y and Revenue Growth of 93% Y/Y; Raises FY 2026 Revenue Guidance to 82% Y/Y Growth and U.S. Comm Revenue Guidance to 134% Y/Y, Crushing Consensus ExpectationsGuidance raised

Management commentary

“Demand for AI sovereignty has now been unleashed.

And Palantir is the only company that has demonstrated it can transform tokens into actual economic value.

Our customers trust us to provide them with maximal control over their operations, data, and decisions.

Their competitive advantage should never become the training data for future models.

4This quarter was otherworldly: our U.S. commercial revenue grew 149% year-over-year, our overall revenue grew 93% year-over-year, and our Rule of 40 score climbed to 155%.

The sovereign AI revolution makes us very optimistic about the future,” said Alex Karp, Co-Founder and Chief Executive Officer of Palantir Technologies.

Results

U.S. revenue grew 115% year-over-year and 23% quarter-over-quarter to $1.573 billion

U.S. commercial revenue grew 149% year-over-year and 28% quarter-over-quarter to $764 million

U.S. government revenue grew 90% year-over-year and 18% quarter-over-quarter to $809 million

8Revenue grew 93% year-over-year and 19% quarter-over-quarter to $1.935 billion

Closed 220 deals of at least $1 million, 98 deals of at least $5 million, and 73 deals of at least $10 million

Closed total contract value (“TCV”) of $3.373 billion, up 49% year-over-year

7Closed a record-setting $2.132 billion of U.S. commercial TCV, up 153% year-over-year

U.S. commercial remaining deal value (“RDV”) of $6.238 billion, up 124% year-over-year and 27% quarter-over-quarter

GAAP income from operations of $912 million, representing a 47% margin

Adjusted income from operations of $1.194 billion, representing a 62% margin

Rule of 40 score of 155%

GAAP net income of $1.062 billion, representing a 55% margin

Cash from operations of $1.216 billion, representing a 63% margin

Adjusted free cash flow of $1.220 billion, representing a 63% margin

GAAP earnings per share (“EPS”) of $0.41

Adjusted EPS of $0.41

Cash, cash equivalents, and short-term U.S. Treasury securities of $9.2 billion

Q2 2026 Financial Summary

Outlook

For Q3 2026, we expect:

Revenue of between $2.160 – $2.164 billion.

Adjusted income from operations of between $1.292 – $1.296 billion.

For full year 2026:

5We are raising our revenue guidance to between $8.150 – $8.158 billion.Guidance raised

2We are raising our U.S. commercial revenue guidance to in excess of $3.424 billion, representing a growth rate of at least 134%.Guidance raised

6We are raising our adjusted income from operations guidance to between $4.889 – $4.897 billion.Guidance raised

3We are raising our adjusted free cash flow guidance to between $4.5 – $4.7 billion.Guidance raised

And we continue to expect GAAP operating income and net income in each quarter of this year.Guidance reaffirmed

Management commentary

CEO Letter

60 boilerplate lines (safe-harbor disclaimer, contacts, call details) are set aside.

How this is scored

Source: the press release Palantir Technologies Inc. filed with the SEC as Exhibit 99 to Form 8-K (Item 2.02). Financial statements and boilerplate are set aside.
Tone: a financial sentiment model scores each sentence 0 to 100; the release score weights sentences by how material they are.
Materiality and guidance: a classifier judges whether each sentence is specific information, and what the release does to the outlook.
New this quarter: wording that does not appear in the prior release.
Hedging: uncertainty words (may, could, approximately, headwinds and similar) per 100 words of narrative.

These scores describe the release's language. They are not a forecast or a recommendation. Read the original filing

Back to PLTR overview