Palantir Technologies (NASDAQ:PLTR) Announces Earnings Results, Beats Expectations By $0.05 EPS

06 May 2026, 10:18 by Jessica Moore · The Cerbat Gem

Palantir Technologies (NASDAQ:PLTR – Get Free Report) posted its earnings results on Monday. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05, FiscalAI reports. Palantir Technologies had a net margin of 43.67% and a return on equity of 30.26%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the company posted $0.13 earnings per share. Palantir Technologies’s revenue for the quarter was up 84.7% compared to the same quarter last year.

Here are the key takeaways from Palantir Technologies’ conference call:

Palantir delivered a record quarter with 85% year-over-year revenue growth (Q1 revenue $1.633B), 16% sequential growth, and raised full‑year 2026 revenue guidance midpoint to $7.656B (71% YoY), its largest-ever guidance increase.
The U.S. business (79% of revenue) accelerated sharply — 104% YoY growth overall and 133% YoY in U.S. commercial — alongside expanding customer count (1,007) and materially higher TCV, RPO, and remaining deal value.
Management emphasized AIP (ontology + agent OS) as a differentiated “no-slop” platform that they say is the operational AI moat driving deep commercial and government deployments and higher customer retention.
Margins and cash flow were strong: adjusted operating margin 60%, adjusted free cash flow $925M in Q1, GAAP net income $871M, and $8B in cash/short-term Treasuries, supporting aggressive reinvestment guidance.
Management repeatedly says the company prioritizes U.S. defense needs (reallocating commercial resources when required) and notes potential appropriations/CR timing risks and capacity limits, which could constrain commercial execution or make revenue more dependent on U.S. government funding.

Palantir Technologies Price Performance

Palantir Technologies stock traded down $0.84 during mid-day trading on Wednesday, reaching $135.07. 12,888,433 shares of the company traded hands, compared to its average volume of 49,356,836. Palantir Technologies has a fifty-two week low of $107.00 and a fifty-two week high of $207.52. The company has a market capitalization of $323.05 billion, a price-to-earnings ratio of 151.87, a price-to-earnings-growth ratio of 2.73 and a beta of 1.52. The firm’s fifty day moving average is $145.29 and its two-hundred day moving average is $162.19.

Insider Transactions at Palantir Technologies

In other news, insider Jeffrey Buckley sold 1,232 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $129.08, for a total value of $159,026.56. Following the sale, the insider owned 43,108 shares in the company, valued at $5,564,380.64. This represents a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 327,088 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the completion of the sale, the insider owned 592 shares in the company, valued at $79,162.24. The trade was a 99.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,029,479 shares of company stock valued at $137,685,797. 9.53% of the stock is owned by corporate insiders.

Institutional Trading of Palantir Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp increased its stake in shares of Palantir Technologies by 1.1% in the fourth quarter. State Street Corp now owns 102,385,317 shares of the company’s stock worth $18,198,990,000 after acquiring an additional 1,126,418 shares during the period. Northern Trust Corp increased its stake in shares of Palantir Technologies by 3.8% in the third quarter. Northern Trust Corp now owns 21,088,462 shares of the company’s stock worth $3,846,957,000 after acquiring an additional 769,238 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Palantir Technologies by 6.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,165,321 shares of the company’s stock worth $2,873,387,000 after acquiring an additional 970,070 shares during the period. Amundi increased its stake in shares of Palantir Technologies by 2.1% in the fourth quarter. Amundi now owns 16,012,307 shares of the company’s stock worth $2,846,188,000 after acquiring an additional 333,149 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Palantir Technologies by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,947,000 shares of the company’s stock valued at $2,834,579,000 after buying an additional 422,249 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies News Roundup

Here are the key news stories impacting Palantir Technologies this week:

Positive Sentiment: Blowout Q1 and raised guidance: Palantir beat revenue and EPS estimates, posted its fastest growth since 2020, drove operating margin expansion and raised FY revenue guidance — the fundamental quarter supports higher long‑term growth expectations. Palantir tops first-quarter revenue estimates
Positive Sentiment: Strong profitability and cash flow signals: management highlighted big operating‑profit and FCF improvement and a Rule-of-40 well above SaaS norms — a rare combination versus many AI peers. Palantir Reports Q1 and guidance
Positive Sentiment: Bullish analyst moves and partnerships: several firms hiked targets/maintained buy views (Rosenblatt, Wedbush, Oppenheimer, Argus upgrade to buy with $190 PT) and commercial deals (e.g., Surf Air using Palantir for SurfOS) reinforce enterprise traction. Surf Air Mobility commercial tie-up
Neutral Sentiment: Wall Street remains split: some firms raised price targets aggressively while others trimmed them or went neutral — expect continued analyst volatility and headline-driven trading. Analyst split after Q1
Neutral Sentiment: Options and ETF flows show elevated interest: options traders priced in big moves and AI/tech ETFs are watching PLTR after the beat — could amplify volatility without changing fundamentals. Barchart options data
Negative Sentiment: Valuation shock and profit‑taking: despite the beat, PLTR trades at a very rich multiple (high P/E, P/S), leaving little room for any execution slip — that helped trigger selling after the results. MarketWatch on selloff despite earnings
Negative Sentiment: High‑profile short and insider selling: Michael Burry announced a short and filings show significant insider dispositions highlighted by some data providers — both add near‑term selling pressure and narrative risk. Business Insider on Michael Burry short

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PLTR shares. Citigroup reissued a “buy” rating on shares of Palantir Technologies in a research report on Wednesday. Northland Securities upgraded shares of Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research note on Tuesday, February 3rd. UBS Group upped their price target on shares of Palantir Technologies from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Zacks Research lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Daiwa Securities Group upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $194.08.

Get Our Latest Stock Analysis on Palantir Technologies

Palantir Technologies Company Profile

(Get Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.