Palantir posts record profit in first Miami-era earnings
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Palantir reported a record Q1 2026 profit of $871 million, quadrupling year-over-year, with U.S. revenue up 104% and commercial sales up 133%. Despite this growth and raised guidance, shares fell over 20% in 2026 due to investor concerns over valuations and competition. This marks Palantir's first earnings report since relocating to South Florida, highlighting strong U.S. market momentum.
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