According to Anue (cnyes.com), Palantir's Q2 2026 adjusted EPS hit $0.41 versus a $0.35 estimate, with revenue up 93% year-over-year to $1.94 billion. The company raised full-year 2026 revenue guidance to $8.16 billion from $7.65–7.66 billion. TechNews reported shares rose 14.08% in after-hours trading on August 3, extending to a nearly 30% gain the next session per cnyes.
Did Palantir's Q2 earnings beat expectations on profit, cash flow, and revenue growth?
Palantir Technologies cleared Wall Street's bar on every headline metric for the quarter. According to Anue (cnyes.com), the company's Q2 adjusted earnings per share (EPS) came in at $0.41, above the $0.35 analyst estimate, while revenue reached $1.94 billion versus a $1.8 billion consensus (E3). Adjusted free cash flow totaled $1.22 billion, topping the $1.0 billion Street estimate (E7).
TechNews independently confirmed the same revenue print, reporting that Palantir's Q2 revenue rose 93% year-over-year to $1.94 billion, alongside the $0.41 non-GAAP EPS figure (E11).
| Metric | Q2 2026 Actual | Wall Street Estimate |
|---|
| Adjusted EPS | $0.41 | $0.35 |
| Revenue | $1.94B (+93% YoY) | $1.8B |
| Adjusted Free Cash Flow | $1.22B | $1.0B |
How did each business segment and region perform, especially the U.S. market?
TechNews broke out the regional and segment detail behind the headline numbers. U.S. region revenue climbed 115% year-over-year and 23% quarter-over-quarter to $1.573 billion (E12). Within that, U.S. commercial revenue rose 149% year-over-year and 28% quarter-over-quarter to $764 million, while government-related revenue increased 90% year-over-year and 18% quarter-over-quarter to $809 million (E13) — growth rates that match the government-business figures cited separately by cnyes (E5).
TechNews also reported that, using 2024 as the base year, U.S. commercial revenue's two-year compound annual growth rate reached 380% (E14). Palantir said U.S. commercial remaining deal value — contracted work not yet recognized as revenue — grew more than 100% year-over-year to $6.24 billion (E16).
| Segment / Region | Revenue | YoY Growth | QoQ Growth |
|---|
| U.S. region (total) | $1.573B | +115% | +23% |
| U.S. commercial | $764M | +149% | +28% |
| Government (overall) | $809M | +90% | +18% |
| U.S. commercial remaining deal value | $6.24B | +100%+ | — |
How many large contracts did Palantir sign in Q2?
According to cnyes, Palantir signed 220 contracts worth more than $1 million during the quarter, including 98 contracts above $5 million and 73 contracts above $10 million (E6). That contract volume lines up with the commercial growth TechNews reported for the same quarter: 149% year-over-year revenue growth in the U.S. commercial segment to $764 million (E13).
| Contract Size | Number Signed |
|---|
| Over $1 million | 220 |
| Over $5 million | 98 |
| Over $10 million | 73 |
How did Palantir raise its full-year 2026 guidance, and which segments drove it?
Both outlets reported an upward revision to full-year guidance, though with slightly different figures. Cnyes reported Palantir now expects full-year 2026 revenue of $8.16 billion, up from a prior estimate of $7.65 billion to $7.66 billion (E2). TechNews reported the revised range as $8.15 billion to $8.16 billion, up from the same $7.65–7.66 billion prior estimate (E18).
TechNews additionally reported that Palantir raised its 2026 U.S. commercial revenue estimate to more than $3.42 billion, up from a prior $3.22 billion (E15), and issued Q3 2026 revenue guidance of $2.160 billion to $2.164 billion — above the $2.0 billion analyst estimate (E17).
| Guidance Metric | Revised | Prior |
|---|
| FY2026 total revenue (per cnyes) | $8.16B | $7.65–7.66B |
| FY2026 total revenue (per TechNews) | $8.15–8.16B | $7.65–7.66B |
| FY2026 U.S. commercial revenue | >$3.42B | $3.22B |
| Q3 2026 revenue guidance | $2.160–2.164B | Est. $2.0B |
How did Palantir's stock react after earnings, and how has it performed year-to-date?
TechNews reported that Palantir shares rose 2.1% to $125.65 in the August 3 regular session, then jumped 14.08% in after-hours trading to $143.34 as of press time (E20). Cnyes reported that the stock extended those gains, surging nearly 30% in the following session on August 4 (E1).
On year-to-date performance, the two outlets diverge sharply. Cnyes reported Palantir shares were down about 3% year-to-date as of August 4, attributing the softness to broader AI-related concerns weighing on software stocks earlier in the year (E8). TechNews, reporting on the same day, put the year-to-date decline at 29.31% (E21).
| Session | Change | Price / Note |
|---|
| Aug 3 regular session | +2.1% | $125.65 |
| Aug 3 after-hours (as of press time) | +14.08% | $143.34 |
| Aug 4 session | ~+30% (per cnyes) | — |
| Year-to-date (per cnyes) | -3% | — |
| Year-to-date (per TechNews) | -29.31% | — |
What did CEO Alex Karp say about performance and growth outlook?
According to cnyes, Palantir CEO Alex Karp characterized the quarter as exceeding expectations, stating: "This quarter's performance was beyond belief — our U.S. commercial business revenue grew 149% year-over-year, and overall revenue grew 93%" (E4).
TechNews reported that Karp, in a CNBC interview with anchor Seema Mody, pushed back on market consensus estimates, saying: "Stop looking at consensus. As far as I know, no company our size is growing at even half our rate." Karp added that the current growth pace "looks like it can continue for at least another 18 months" (E19).
How did Wall Street analysts view the results?
Cnyes reported that Palantir's current analyst ratings stand at 22 "buy," 9 "hold," and 2 "sell" (E9). Among those, D.A. Davidson analyst Gil Luria maintains a "buy" rating with a price target of $175 (E10).
| Rating | Count |
|---|
| Buy | 22 |
| Hold | 9 |
| Sell | 2 |
What this means
The two outlets' figures on Palantir's results and forward guidance are broadly consistent: cnyes and TechNews both report a $0.41 adjusted EPS, $1.94 billion in Q2 revenue, and a full-year 2026 revenue guidance raise clustered around $8.15–8.16 billion, up from $7.65–7.66 billion (E2, E3, E11, E18). That guidance increase is underpinned by segment-level detail TechNews provided but cnyes did not report in the same depth — a raised U.S. commercial revenue estimate of over $3.42 billion, a 380% two-year compound growth rate in that segment, and $6.24 billion in remaining U.S. commercial deal value (E14, E15, E16) — alongside the 220 large contracts cnyes reported for the quarter (E6).
Where the two sources genuinely diverge is year-to-date stock performance: cnyes puts Palantir down about 3% for the year as of August 4, while TechNews puts the decline at 29.31% on the same date (E8, E21). Both agree the immediate earnings reaction was positive — a 14.08% after-hours jump on August 3 per TechNews, extending to a nearly 30% gain in the following session per cnyes (E1, E20) — but readers comparing the two reports should note this unresolved gap in the longer-term price context.