Earnings Call
May 4, 2026
Q1 FY2026
EPS Estimate
0.28
EPS Actual
0.33
Post-Earnings Close
$135.91
Earnings Reaction
-6.9%
Palantir delivered what may be its most consequential quarter as a public company, posting 85% year-over-year revenue growth to $1.633 billion, the highest growth rate in its history as a public entity, while simultaneously raising full-year 2026 revenue guidance by 10% to a midpoint of $7.656 billion, implying 71% growth for the full year. The headline numbers obliterated consensus: actual EPS of $0.33 against a $0.29 estimate, and revenue of $1.633 billion against a $1.542 billion estimate. Adjusted free cash flow of $925 million in a single quarter now exceeds the company's total quarterly revenue from a year ago, a data point CEO Alex Karp highlighted as emblematic of the compounding leverage embedded in the business model. The Rule of 40 score expanded 18 points sequentially to 145, its eleventh consecutive quarter of expansion.
Report generated on May 5, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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