Palantir Q2 2026 results: 19.35 hundred-million dollars and 93% growth
Confirming Palantir's Q2 results announced August (month 8) 3, 2026 through 2 IR-based reports, and testing revenue, segment, margin, and guidance figures plus the September (month 9) Nebius partnership against the video's bull case.
Updated Oct 18, 2026
August (month 8) 3 release: 19.35 hundred-million dollars and 93% growth
For Q2 ended June (month 6) 30, Palantir reported revenue of 19.35 hundred-million dollars, up 93% year over year. US revenue rose 115% to 15.73 hundred-million dollars, US commercial revenue rose 149% to 7.64 hundred-million dollars, and US government revenue rose 90% to 8.09 hundred-million dollars. GAAP net income was 10.62 hundred-million dollars, or 0.41 dollars per diluted share, with adjusted operating income of 11.94 hundred-million dollars at a 62% margin.
Raised guidance and deal metrics
Full-year revenue guidance rose from 76.5 to 76.6 hundred-million dollars to a range of 81.5 to 81.58 hundred-million dollars, with Q3 revenue guided at 21.6 to 21.64 hundred-million dollars. Of 220 deals worth at least 100 ten-thousand dollars, 73 were worth at least 1,000 ten-thousand dollars, and US commercial remaining deal value rose 124% to 62.4 hundred-million dollars.
September (month 9) 8 Nebius partnership and valuation scrutiny
On September (month 9) 8, Palantir named Nebius Group its preferred sovereign AI infrastructure partner, disclosing no contract value or revenue commitments. On September (month 9) 3 it expanded its enterprise AI alliance with PwC US. As of September (month 9) 9, 36 analysts' 12-month targets averaged 200.88 dollars with a median of 205 dollars and a range of 80 to 255 dollars.
The video's bull case against the record
The revenue, US commercial, government, and margin figures match IR-based reporting, and unlike the caption's 89M error, US government revenue is confirmed at 8.09 hundred-million dollars. The 149% commercial versus 90% government gap supports the video's commercial-outpacing-government narrative. But the partnerships disclose no values so no revenue contribution is proven, and valuation pits growth-and-margin justification against rich-multiple caution.
Unverified figures and limits
The video's sequential 19%, 157% net dollar retention, 90 hundred-million-dollar cash, 4,800 hundred-million-dollar market capitalization, and 124 times forward earnings were not separately verified in this case. November (month 11) 2 earnings and other future figures are not covered, and past results do not guarantee future returns.