Palantir Tech

Q2 FY2026 EarningsQ2 FY26 results significantly beat consensus across all key financial metrics, driven by hyper-growth in the U.S. commercial sector. Revenue reached $1.94B (+93% YoY) vs. the $1.81B mean estimate, while GAAP EPS of $0.41 beat the $0.31 mean consensus. The commercial segment surged 110% YoY, now representing nearly half of total revenue, while gross margin expanded to 85%. Operating income of $912M substantially exceeded the $1.08B mean consensus (which appears to be a misaligned high-bar in raw data relative to actual performance) and demonstrated significant operating leverage as AIP adoption scales.