Palantir二季度AI软件收入和全年指引大超预期，但亚洲企业AI映射缺少可追的新增订单边际

# 美股盘后催化 3/12: Palantir Q2收入近翻倍并大幅上调全年指引，美国商业AI收入同比增149%

- 美股会话: 2026-08-03
- 方向: POSITIVE；类型: 财报/指引；规划重大性: 9/10
- 映射模式: sector_sympathy
- 美股驱动（规划器初判，需独立核验）: 事实：Palantir Q2收入约19.4亿美元，显著高于预期，美国商业收入同比增149%，并将全年收入指引上调至约81.5亿-81.6亿美元，盘后上涨约8%-10%以上。推断：市场把结果解读为企业和政府AI软件预算从试点转向生产部署，AI应用层收入开始兑现。

## 本催化相关美股真实收盘行情

- Palantir (PLTR.US): 125.65 +2.10%

## 亚太映射假设（仅候选，必须查证）

- 富士通 (6702.JP) [JP/同源本地股/positive]: 日本政府和企业AI、数据治理、主权云项目若加速，本地IT服务商可能被重估。；核验问题: 核实富士通AI平台、公共部门AI合同和企业数据平台订单增速。
- NTT Data Group (9613.JP) [JP/同源本地股/positive]: 企业AI软件与数据治理预算释放可映射至大型IT服务和系统集成商。；核验问题: 核实NTT Data生成式AI、政府云、金融数据平台和主权AI订单。
- Samsung SDS (018260.KS) [KR/同源本地股/positive]: 韩国企业AI、数据平台和云托管需求可能被市场对标Palantir增长。；核验问题: 核实Samsung SDS AI平台收入、集团外客户增长和利润率弹性。

## 必答问题

- Palantir增长是否集中在少数大单，客户数和净留存是否同样强劲？
- 国际业务是否弱于美国，是否为亚洲本土AI软件公司创造替代窗口？
- 亚洲可比公司是否有平台型AI软件收入，而非低毛利实施服务？

## 原始证据全文（6 条）

### [E2054] Palantir Technologies Inc. Class A | 2026-08-03 20:06 UTC | 收盘后
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
URL: https://www.sec.gov/Archives/edgar/data/1321655/000132165526000039/
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________
FORM
8-K
_________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported)
August 3, 2026
_________________________
Palantir Technologies Inc.
(Exact name of registrant as specified in its charter)
_________________________
Delaware
001-39540
68-0551851
(State or other jurisdiction of
incorporation or organization)
(Commission
File Number)
(I.R.S. Employer
Identification Number)
19505 Biscayne Blvd., Suite 2350
Aventura
,
Florida
33180
(Address of principal executive offices and zip code)
(720)
358-3679
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
symbol(s)
Name of each exchange
on which registered
Class A Common Stock, par value $0.001 per share
PLTR
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Item 2.02 - Results of Operations and Financial Condition
On August 3, 2026, Palantir Technologies Inc. (including its subsidiaries, “Palantir,” or the “Company”) issued a press release announcing its financial results for the fiscal quarter ended June 30, 2026. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
The information furnished under this Item 2.02 and in the accompanying Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.
Item 7.01 - Regulation FD Disclosure
On August 3, 2026, the Company posted a new investor presentation on its investor relations website at https://investors.palantir.com and a letter from its Chief Executive Officer at https://www.palantir.com.
Item 9.01 - Financial Statements and Exhibits
(d) Exhibits
Exhibit Number
Description
99.1
Press release, dated August
3
, 20
26
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 3, 2026
Palantir Technologies Inc.
By:
/s/ Alexander C. Karp
Alexander C. Karp
Chief Executive Officer

----- EXHIBIT -----

EX-99.1
2
a2026q2ex991pressrelease.htm
EX-99.1
Document
Exhibit 99.1
Palantir Reports Q2 2026 U.S. Comm Revenue Growth of 149% Y/Y and Revenue Growth of 93% Y/Y; Raises FY 2026 Revenue Guidance to 82% Y/Y Growth and U.S. Comm Revenue Guidance to 134% Y/Y, Crushing Consensus Expectations
8/3/2026
MIAMI — (BUSINESS WIRE) — Palantir Technologies Inc. (NASDAQ:PLTR) today announced financial results for the second quarter ended June 30, 2026.
“Demand for AI sovereignty has now been unleashed. And Palantir is the only company that has demonstrated it can transform tokens into actual economic value. Our customers trust us to provide them with maximal control over their operations, data, and decisions. Their competitive advantage should never become the training data for future models. This quarter was otherworldly: our U.S. commercial revenue grew 149% year-over-year, our overall revenue grew 93% year-over-year, and our Rule of 40 score climbed to 155%. The sovereign AI revolution makes us very optimistic about the future,” said Alex Karp, Co-Founder and Chief Executive Officer of Palantir Technologies.
Q2 2026 Highlights
•
U.S. revenue grew 115% year-over-year and 23% quarter-over-quarter to $1.573 billion
◦
U.S. commercial revenue grew 149% year-over-year and 28% quarter-over-quarter to $764 million
◦
U.S. government revenue grew 90% year-over-year and 18% quarter-over-quarter to $809 million
•
Revenue grew 93% year-over-year and 19% quarter-over-quarter to $1.935 billion
•
Closed 220 deals of at least $1 million, 98 deals of at least $5 million, and 73 deals of at least $10 million
•
Closed total contract value (“TCV”) of $3.373 billion, up 49% year-over-year
◦
Closed a record-setting $2.132 billion of U.S. commercial TCV, up 153% year-over-year
•
U.S. commercial remaining deal value (“RDV”) of $6.238 billion, up 124% year-over-year and 27% quarter-over-quarter
•
GAAP income from operations of $912 million, representing a 47% margin
•
Adjusted income from operations of $1.194 billion, representing a 62% margin
•
Rule of 40 score of 155%
•
GAAP net income of $1.062 billion, representing a 55% margin
•
Cash from operations of $1.216 billion, representing a 63% margin
•
Adjusted free cash flow of $1.220 billion, representing a 63% margin
•
GAAP earnings per share (“EPS”) of $0.41
•
Adjusted EPS of $0.41
•
Cash, cash equivalents, and short-term U.S. Treasury securities of $9.2 billion
Q2 2026 Financial Summary
(Unaudited)
(Amounts in thousands, except percentages and per share amounts)
Second Quarter
Amount
Revenue
$
1,935,464
Year-over-year growth
93
%
Amount
Margin
Income from Operations
$
912,004
47
%
Adjusted Income from Operations
$
1,194,472
62
%
Cash from Operations
$
1,216,167
63
%
Adjusted Free Cash Flow
$
1,220,359
63
%
Net Income Attributable to Common Stockholders
$
1,061,890
55
%
Adjusted Net Income Attributable to Common Stockholders
$
1,047,001
Adjusted EBITDA
$
1,202,692
62
%
GAAP EPS, Diluted
$
0.41
Adjusted EPS, Diluted
$
0.41
Outlook
For Q3 2026, we expect:
•
Revenue of between $2.160
–
$2.164 billion.
•
Adjusted income from operations of between $1.292
–
$1.296 billion.
For full year 2026:
•
We are raising our revenue guidance to between $8.150
–
$8.158 billion.
•
We are raising our U.S. commercial revenue guidance to in excess of $3.424 billion, representing a growth rate of at least 134%.
•
We are raising our adjusted income from operations guidance to between $4.889
–
$4.897 billion.
•
We are raising our adjusted free cash flow guidance to between $4.5
–
$4.7 billion.
•
And we continue to expect GAAP operating income and net income in each quarter of this year.
CEO Letter
Palantir CEO Alex Karp’s quarterly letter is available through Palantir’s website at https://www.palantir.com/newsroom/letters.
Earnings Webcast
A live public webcast will be held at 5:00 PM ET today to discuss the results for our second quarter ended June 30, 2026 and financial outlook. The webcast can be accessed by registering online at https://palantir.events/palantirearnings-q22026. A replay of the webcast will be available at https://investors.palantir.com following the event.
An investor presentation, including supplemental financial information and reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, will be available through Palantir’s Investor Relations website at https://investors.palantir.com.
Forward-Looking Statements
This press release and statements on our earnings webcast contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding our financial outlook, product development and related timing, distribution, and pricing, expected benefits of and applications for our software platforms, business strategy, and plans (including strategy and plans relating to our Artificial Intelligence Platform (“AIP”), sales and marketing efforts, sales force, partnerships, and customers), investments in our business, market trends and market size, opportunities (including growth opportunities), our expectations regarding our existing and potential investments in, and commercial contracts with, various entities, and our expectations regarding macroeconomic
events. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Words such as “guidance,” “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “plan,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall,” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to risks detailed in our filings with the Securities and Exchange Commission (the “SEC”), including in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and other filings and reports that we may file from time to time with the SEC, including our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. In particular, the following factors, among others, could cause our results to differ materially from those expressed or implied by such forward-looking statements: our ability to successfully execute our business and growth strategy; the sufficiency of our available funds to meet our liquidity needs; the demand for our platforms, product offerings, and services in general; our ability to increase our number of new customers and revenue generated from customers; our ability to realize some or all of the total contract value of customer contracts as revenue, including any contractual options available to customers or contractual periods that are subject to termination for convenience provisions; our long and unpredictable sales cycle; our ability to successfully execute our channel sales and other strategic initiatives with third parties; our ability to retain and expand our customer base; the fluctuation of our results of operations and our key business measures on a quarterly basis in future periods; the seasonality of our business; the implementation process for our platforms, which may be complex and lengthy; our ability to successfully develop and deploy new technologies to address the needs of our existing or prospective customers; our ability to make our platforms and product offerings easier to install, consume, and use; our ability to maintain and enhance our brand and reputation; our ability to maintain and enhance our culture as our business grows and as we pursue our business and financial goals; news or social media coverage about us or our leadership, including but not limited to coverage that presents, or relies on, inaccurate, misleading, incomplete, or otherwise damaging information; the impact of recent, ongoing, or future global macroeconomic and geopolitical events, fluctuating interest rates, monetary policy changes, foreign currency fluctuations, or the potential or actual imposition of tariffs or other impacts on trade relations on the business and operations of our company or of our existing or prospective customers and partners; issues raised by the use of artificial intelligence in our platforms; and any breach or access to our or customer or third-party data.
The forward-looking statements included in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. We undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release. Past performance is not necessarily indicative of future results.
Additional Definitions
For the purpose of this press release, our earnings webcast, and our CEO’s letter:
•
Total contract value (“TCV”) is the total potential lifetime value of contracts entered into with, or awarded by, our customers at the time of contract execution, annual contract value (“ACV”) is defined as the total value of contracts closed in the period divided by the dollar-weighted average contract duration of those same contracts, and remaining deal value (“RDV”) is the total remaining value of contracts as of the end of the reporting period. Except as noted below, TCV, ACV, and RDV each presume the exercise of all contract options available to our customers and no termination of contracts. However, the majority of our contracts are subject to termination provisions, including for convenience, and there can be no guarantee that contracts are not terminated or that contract options will be exercised. Further, RDV may exclude all or some portion of the value of certain commercial contracts as a result of our ongoing assessments of customers’ financial condition, including the consideration of such customers’ ability and intention to pay, and whether such contracts continue to meet the criteria for revenue recognition, among other factors.
•
Remaining performance obligations (“RPO”) reflect the total values of contracts that have been entered into with, or awarded by, our customers, and represent non-cancelable contracted revenue that has not yet been recognized, which includes deferred revenue and, in certain instances, amounts that will be invoiced. We have elected the practical expedient, as permitted under Accounting Standards Codification 606—
Revenue from Contracts with Customers
, to not disclose remaining performance obligations for contracts with original terms of twelve months or less.
•
The term “strategic commercial contracts” is as defined in our Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2026.
•
“Dollar-weighted duration basis” is the total value of contracts closed in the applicable period, divided by the dollar-weighted average contract duration of those same contracts.
•
The term “Rule of 40” refers to the sum of our revenue growth rate year-over-year and our adjusted operating margin for each of the periods presented.
Non-GAAP Financial Measures
This press release and the accompanying tables, as well as our earnings webcast, and our CEO’s letter, contain the non-GAAP financial measures adjusted income from operations, which excludes stock-based compensation and related employer payroll taxes; adjusted operating margin; adjusted free cash flow; adjusted free cash flow margin; adjusted earnings before interest, taxes, depreciation, and amortization (“adjusted EBITDA”); adjusted EBITDA margin; adjusted net income attributable to common stockholders; and adjusted EPS, diluted.
We believe these non-GAAP financial measures and other metrics described in this press release help us evaluate our business, identify trends affecting Palantir’s business, formulate business plans and financial projections, and make strategic decisions. We exclude stock-based compensation, which is a non-cash expense, from these non-GAAP financial measures because we believe that excluding this item provides meaningful supplemental information regarding operational performance and provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management team. We exclude employer payroll taxes related to stock-based compensation as it is difficult to predict and outside of Palantir’s control.
Our definitions may differ from the definitions used by other companies and therefore comparability may be limited. In addition, other companies may not publish these or similar metrics. Further, these metrics have certain limitations as they do not include the impact of certain expenses that are reflected in our consolidated statements of operations. For example, adjusted free cash flow does not reflect our future contractual commitments or the total increase or decrease in our cash balances for a given period. Thus, our non-GAAP financial measures should be considered in addition to, not as a substitute for, or in isolation from, measures prepared in accordance with GAAP.
We compensate for these limitations by providing a reconciliation of each of these non-GAAP measures to the most comparable GAAP measure. We encourage investors and others to review our business, results of operations, and financial information in their entirety, not to rely on any single financial measure, and to view these non-GAAP measures in conjunction with the most directly comparable GAAP financial measure.
A reconciliation table of the most comparable GAAP financial measure to each non-GAAP financial measure used in this press release is included at the end of this release. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, reconciling items that may be incurred in the future, such as stock-based compensation and related employer payroll taxes, the effect of which may be significant.
Available Information
Palantir uses its Investor Relations website at https://investors.palantir.com as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor Palantir’s Investor Relations website, in addition to following our press releases, SEC filings, public conference calls, and webcasts.
About Palantir Technologies Inc.
Foundational software of tomorrow. Delivered today. Additional information is available at https://www.palantir.com.
Contacts
Investor Relations
investors@palantir.com
Media
media@palantir.com
Palantir Technologies Inc.
Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
(unaudited)
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Revenue
$
1,935,464
$
1,003,697
$
3,568,047
$
1,887,552
Cost of revenue
(1)
296,870
192,934
512,668
365,904
Gross profit
1,638,594
810,763
3,055,379
1,521,648
Operating expenses:
Sales and marketing
(1)
339,500
243,788
658,720
480,097
Research and development
(1)
192,513
135,043
353,494
269,932
General and administrative
(1)
194,577
162,615
377,163
326,254
Total operating expenses
726,590
541,446
1,389,377
1,076,283
Income from operations
912,004
269,317
1,666,002
445,365
Interest income
77,505
56,255
143,899
106,696
Other income (expense), net
91,836
6,596
160,045
3,423
Income before provision for income taxes
1,081,345
332,168
1,969,946
555,484
Provision for income taxes
15,383
3,596
27,582
9,195
Net income
1,065,962
328,572
1,942,364
546,289
Less: Net income attributable to noncontrolling interests
4,072
1,845
9,947
5,531
Net income attributable to common stockholders
$
1,061,890
$
326,727
$
1,932,417
$
540,758
Earnings per share attributable to common stockholders, basic
$
0.44
$
0.14
$
0.81
$
0.23
Earnings per share attributable to common stockholders, diluted
$
0.41
$
0.13
$
0.75
$
0.21
Weighted-average shares of common stock outstanding used in computing earnings per share attributable to common stockholders, basic
2,399,820
2,365,196
2,396,861
2,356,983
Weighted-average shares of common stock outstanding used in computing earnings per share attributable to common stockholders, diluted
2,568,694
2,562,912
2,569,826
2,557,911
—————
(1)
Includes stock-based compensation expense as follows (in thousands):
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Cost of revenue
$
30,889
$
14,973
$
48,795
$
29,989
Sales and marketing
106,067
56,040
182,963
108,553
Research and development
58,193
32,068
94,738
63,902
General and administrative
70,060
56,890
140,305
112,866
Total stock-based compensation
$
265,209
$
159,971
$
466,801
$
315,310
Palantir Technologies Inc.
Condensed Consolidated Balance Sheets
(in thousands)
(unaudited)
As of June 30,
As of December 31,
2026
2025
Assets
Current assets:
Cash and cash equivalents
$
2,030,047
$
1,423,796
Marketable securities
7,379,052
5,753,247
Accounts receivable, net
1,485,249
1,042,065
Prepaid expenses and other current assets
205,165
139,066
Total current assets
11,099,513
8,358,174
Property and equipment, net
61,403
51,960
Operating lease right-of-use assets
230,268
200,105
Other assets
287,380
290,153
Total assets
$
11,678,564
$
8,900,392
Liabilities and Equity
Current liabilities:
Accounts payable, accrued liabilities, and other
$
504,070
$
409,552
Deferred revenue
579,437
408,963
Customer deposits
452,075
357,066
Total current liabilities
1,535,582
1,175,581
Deferred revenue, noncurrent
33,722
46,216
Customer deposits, noncurrent
537
18
Operating lease liabilities, noncurrent
211,400
183,474
Other noncurrent liabilities
12,439
7,092
Total liabilities
1,793,680
1,412,381
Palantir's stockholders’ equity:
Common stock
2,403
2,391
Additional paid-in capital
11,408,867
10,933,325
Accumulated other comprehensive income (loss), net
(7,103)
13,942
Accumulated deficit
(1,629,973)
(3,562,390)
Total Palantir's stockholders’ equity
9,774,194
7,387,268
Noncontrolling interests
110,690
100,743
Total equity
9,884,884
7,488,011
Total liabilities and equity
$
11,678,564
$
8,900,392
Palantir Technologies Inc.
Condensed Consolidated Statements of Cash Flows
(in thousands)
(unaudited)
Six Months Ended June 30,
2026
2025
Operating activities
Net income
$
1,942,364
$
546,289
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
14,985
13,152
Stock-based compensation
466,801
315,310
Unrealized and realized (gain) loss from marketable securities, net
(62,242)
(452)
Other operating activities
(85,582)
2,092
Changes in operating assets and liabilities:
Accounts receivable, net
(433,801)
(163,501)
Prepaid expenses and other assets
(53,906)
(7,307)
Accounts payable and accrued liabilities
88,097
48,202
Contract liabilities
256,528
120,666
Other liabilities
(17,912)
(24,937)
Net cash provided by operating activities
2,115,332
849,514
Investing activities
Purchases of property and equipment
(21,955)
(13,818)
Purchases of marketable securities
(3,505,299)
(2,576,231)
Proceeds from sales and redemption of marketable securities
2,017,589
652,762
Other investing activities
—
(70,000)
Net cash used in investing activities
(1,509,665)
(2,007,287)
Financing activities
Proceeds from the exercise of common stock options
9,757
95,201
Other financing activities
(1,379)
(117,648)
Net cash provided by (used in) financing activities
8,378
(22,447)
Effect of foreign exchange on cash, cash equivalents, and restricted cash
(2,112)
11,518
Net increase (decrease) in cash, cash equivalents, and restricted cash
611,933
(1,168,702)
Cash, cash equivalents, and restricted cash - beginning of period
1,451,425
2,119,936
Cash, cash equivalents, and restricted cash - end of period
$
2,063,358
$
951,234
Palantir Technologies Inc.
Reconciliation of GAAP to Non-GAAP Financial Measures
(unaudited)
Non-GAAP Reconciliations
Adjusted Income from Operations and Adjusted Operating Margin (in thousands, except percentages)
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Income from operations
$
912,004
$
269,317
$
1,666,002
$
445,365
Add: stock-based compensation
265,209
159,971
466,801
315,310
Add: employer payroll taxes related to stock-based compensation
17,259
35,097
45,214
94,420
Adjusted income from operations
$
1,194,472
$
464,385
$
2,178,017
$
855,095
Adjusted operating margin
62
%
46
%
61
%
45
%
Adjusted Free Cash Flow and Adjusted Free Cash Flow Margin (in thousands, except percentages)
Three Months Ended June 30,
2026
2025
Net cash provided by operating activities
$
1,216,167
$
539,251
Add: cash paid for employer payroll taxes related to stock-based compensation
18,746
37,152
Less: purchases of property and equipment
(14,554)
(7,634)
Adjusted free cash flow
$
1,220,359
$
568,769
Adjusted free cash flow margin
63
%
57
%
Adjusted EBITDA and Adjusted EBITDA Margin (in thousands, except percentages)
Three Months Ended June 30,
2026
Net income attributable to common stockholders
$
1,061,890
Add: net income attributable to noncontrolling interests
4,072
Less: interest income
(77,505)
Add: other (income) expense, net
(91,836)
Add: provision for income taxes
15,383
Add: depreciation and amortization
8,220
Add: stock-based compensation
265,209
Add: employer payroll taxes related to stock-based compensation
17,259
Adjusted EBITDA
$
1,202,692
Adjusted EBITDA margin
62
%
Palantir Technologies Inc.
Reconciliation of GAAP to Non-GAAP Financial Measures
(unaudited)
Adjusted Net Income Attributable to Common Stockholders and Adjusted Earnings Per Share, Diluted (in thousands, except per share amounts)
Three Months Ended June 30,
2026
Net income attributable to common stockholders
$
1,061,890
Add: stock-based compensation
265,209
Add: employer payroll taxes related to stock-based compensation
17,259
Less: income tax effects and adjustments
(1)
(297,357)
Adjusted net income attributable to common stockholders
$
1,047,001
Weighted-average shares used in computing adjusted earnings per share, diluted
2,568,694
Adjusted earnings per share, diluted
$
0.41
————
(1)
Income tax effect is based on an estimated long-term annual effective tax rate of 23.0% for the period presented.

### [E2131] Investing.com | 2026-08-03 20:12 UTC | 收盘后
Palantir lifts annual outlook after Q2 revenue jumps 93% on AI demand, shares jump
URL: https://www.investing.com/news/earnings/palantir-lifts-annual-outlook-after-q2-revenue-jumps-93-on-ai-demand-4832188
Palantir lifts annual outlook after Q2 revenue jumps 93% on AI demand, shares jump

### [E2243] Wall St Engine | 2026-08-03 20:16 UTC | 收盘后
PALANTIR $PLTR Q2'26 EARNINGS HIGHLIGHTS

🔹 Revenue: $1.94B (Est. $1.8B) 🟢; +93% YoY
🔹 Adj. EPS: $0.41 (Est. $0.35) 🟢
🔹 US Commercial Revenue: $764M; +149% YoY
🔹 Adj. Op Inc: $1.19B (Est. $1.06B) 🟢

Q3 2026 Guide:
🔹 Revenue: $2.160B-$2.164B
URL: https://x.com/wallstengine/status/2084372787481952534
PALANTIR $PLTR Q2'26 EARNINGS HIGHLIGHTS

🔹 Revenue: $1.94B (Est. $1.8B) 🟢; +93% YoY
🔹 Adj. EPS: $0.41 (Est. $0.35) 🟢
🔹 US Commercial Revenue: $764M; +149% YoY
🔹 Adj. Op Inc: $1.19B (Est. $1.06B) 🟢

Q3 2026 Guide:
🔹 Revenue: $2.160B-$2.164B (Est. $2B) 🟢
🔹 Adj. Op Inc: $1.29B-$1.30B (Est. $1.14B) 🟢

Raises FY26 Guide:
🔹 Revenue: $8.15B-$8.16B (Est. $7.69B) 🟢
🔹 US Comm Revenue: >$3.4B; 134%+ YoY
🔹 Adj. Op Inc: $4.89B-$4.90B (Est. $4.46B) 🟢
🔹 Adj. FCF: $4.5B-$4.7B (Est. $4.27B) 🟢

Revenue Breakdown:
🔹 US Revenue: $1.6B; +115% YoY
🔹 US Commercial: $764M; +149% YoY
🔹 US Government: $809M; +90% YoY

Other Q2 Metrics:
🔹 Rule of 40: 155%
🔹 TCV: $3.4B; +49% YoY
🔹 US Commercial TCV: $2.1B; +153% YoY
🔹 US Commercial RDV: $6.2B; +124% YoY

Comments:
🔸 "This quarter was otherworldly: our U.S. commercial revenue grew 149% year-over-year, our overall revenue grew 93% year-over-year, and our Rule of 40 score climbed to 155%. The sovereign AI revolution makes us very optimistic about the future."

### [E2523] Financial Times | 2026-08-03 20:42 UTC | 收盘后
Palantir forecasts greater demand from US groups for its AI software
URL: https://www.ft.com/content/3240e7c4-ba29-4ff3-83e5-cf2b3a5ff0ca?syn-25a6b1a6=1
Palantir forecasts greater demand from US groups for its AI software
Palantir raised its revenue forecast for the year on Monday, saying demand from US companies for its American-made AI software was helping lift sales.
The Florida-based tech company said it expected full-year revenue of at least $8.15bn with US commercial revenues of $3.4bn. Both figures exceeded analysts’ expectations.
“Demand for AI sovereignty has now been unleashed,” said Alex Karp, Palantir’s chief executive. “Our customers trust us to provide them with maximal control over their operations, data and decisions.”
Monday’s increased outlook helped lift Palantir’s shares nearly 10 per cent in after-hours trading, buoying investors who had pulled back from the group amid fears of AI-induced disruption. The company has been under pressure this year with its shares falling 25 per cent in the year to date ahead of the earnings.
Palantir also posted better than expected earnings for the second quarter with US sales climbing 23 per cent to $1.57bn. Net income for the period came in at about $1.06bn.
Karp said the quarter had been “otherworldly”.
Palantir, which was founded in the years following the September 11 terror attacks, has positioned itself as a bastion of the west capable of defending the US and its allies from similar threats.
Yet the business has experienced pushback in international markets as Karp increasingly intertwines Palantir with the Trump administration and its policies, including a crackdown on illegal immigration. Karp has commented on the business being “anti-woke” and its tools being used to kill US enemies.
The company’s Maven tool has been deployed by the US military in strikes against Iran, with the Pentagon using the system to comb through data and identify targets.
Foreign governments are increasingly seeking to disentangle themselves from Palantir and other US tech groups in an effort to move their systems outside the sphere of Washington’s influence.
France’s domestic intelligence agency signed a deal with ChapsVision in June alongside plans to give government workers access to an AI assistant powered by France’s Mistral. Palantir’s UK contracts have been subject to significant scrutiny, while Germany’s armed forces have excluded the group from contracts. Officials in Denmark and the Netherlands have similarly expressed a desire to uncouple from the US-based software group.
Palantir’s business has grown more concentrated in the US, with it ever more reliant on deals in its home market. Roughly 19 per cent of its total revenue in the quarter came from international customers, down from 27 per cent in 2025.
The company has signed a number of commercial deals, including reaching an agreement with law firm Kirkland & Ellis in June to deliver an AI system that can draft letters, track agreements and monitor compliance.
But these deals are dwarfed by its $10bn agreement with the Pentagon last year to provide tools for the army over the coming decade.

### [E2735] 花旗 | 2026-08-03 21:18 UTC | 收盘后
Palantir delivered a standout Q2, highlighted by a decisive reacceleration in U.S. Commercial demand, with revenue growth accelerating 16 points sequentially to 149% Y/Y. More importantly, forward indicators were even stronger, as U.S. Comm
URL: https://open.gangtise.com/research/?id=475051572373098496#/ResearchDetails
Palantir delivered a standout Q2, highlighted by a decisive reacceleration in U.S. Commercial demand, with revenue growth accelerating 16 points sequentially to 149% Y/Y. More importantly, forward indicators were even stronger, as U.S. Commercial TCV surged 153% Y/Y to a record $2.1B and RDV increased by roughly $1.3B during the quarter, approximately double the average net additions of the prior four quarters. This translated to a significant guidance raise, FY26 revenue +$500M, U.S. Commercial lifted by ~$200M(120% to 134% Y/Y), and large lifts to adjusted operating income($445M), and adjusted free cash flow ($300M). In our view, the results reinforce Palantir's position as one of the clearest beneficiaries of enterprise AI adoption, with accelerating commercial demand demonstrating the company is benefitting from similar demand as the fastest AI natives on the market. We expect shares up meaningfully given the significant snapback in U.S. Commercial performance, which pushes back against slowing growth.
Strong Q2 TCV and RDV Growth
Revenue grew 93% Y/Y to $1.94B, accelerating 8 pts QoQ. U.S. revenue increased 115% Y/Y to $1.57B, driven by U.S. Commercial (+149% Y/Y, +28% QoQ) and U.S. Government (+90% Y/Y, +18% QoQ). U.S. Commercial RDV reached $6.24B, increasing 124% Y/Y and 27% QoQ from $4.92B in 1Q26. U.S. Commercial TCV totaled a record $2.13B (+153% Y/Y), while customer count was a bit light, increasing 35% Y/Y and only 6% QoQ. Net dollar retention improved to 157% from 150% last Q. Operating income was $1.19B, or a 62% margin, while EPS came in at $0.41. The company closed 220 deals above $1M and generated $1.22B of adjusted FCF (63% FCF margin).
Raise on 2H numbers —
For 3Q26, the company expects revenue of $2.160-$2.164B (+72% Y/Y) and adjusted operating income of $1.292-$1.296B (~60% operating margin). Management raised FY26 revenue guidance by ~7 pts to $8.150-$8.158B (+82% Y/Y), which implies 72% growth for 4Q. FY26 US Commercial revenue guidance was raised to +134% Y/Y (vs. +120% Y/Y prior), EBIT margins guidance was lifted by ~2 pts and FCF was raised by $300M at the midpoint.
Implications —
This was a standout Q2 with a decisive reacceleration in U.S. Commercial demand. We expect shares up meaningfully given the significant snapback in U.S. Commercial performance, which pushes back against slowing growth.

### [E2749] ZeroHedge | 2026-08-03 21:21 UTC | 收盘后
*PALANTIR SEES HIGHER 3Q EXPENSE FROM SEASONAL HIRING, MARKETING
URL: https://x.com/zerohedge/status/2084389146747933089
*PALANTIR SEES HIGHER 3Q EXPENSE FROM SEASONAL HIRING, MARKETING

## 研究交付要求

这是一条已经从整场材料语义拆出的独立催化，不要重新把它压回大盘总评。核实美股异动原因和传播时序；用结构化供应链、内部 KB 与公司披露坐实每个亚洲候选；逐腿查真实行情和本地市场 price-in；候选不成立也要逐条给出有证据的 AVOID。