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PLTR · Q2 FY2026 (Apr-Jun 2026)

Palantir Q2 FY2026
Out of every $100 in sales, $47 was operating profit

Next earnings: Mon, Nov 2, after the close (expected)
Revenue
$1.9B
+93% vs. a year ago
Operating income
$0.9B
+239% vs. a year ago
Net income
$1.1B
+225% vs. a year ago
Operating margin
47%
27% → 47%

Where every $100 of sales went

Per $100 of sales
Revenue
$100
$1.9B
−Cost of revenue
−$15
$0.3B
Gross profit
$85
$1.6B
−R&D
−$9.9
$0.2B
−Sales & marketing
−$18
$0.3B
−G&A
−$10
$0.2B
Operating income
$47
$0.9B
+Non-operating items & taxes
+$7.7
$0.1B
Net income
$55
$1.1B

Last 8 quarters: revenue and operating income

16%FY24 Q31%FY24 Q420%FY25 Q127%FY25 Q233%FY25 Q341%FY25 Q446%FY26 Q147%FY26 Q2

Quarter by quarter

QuarterRevenueOperating incomeOperating marginNet income
Q2 FY2026 (Apr-Jun 2026)$1.9B$0.9B47.1%$1.1B
Q1 FY2026 (Jan-Mar 2026)$1.6B$0.8B46.2%$0.9B
Q4 FY2025 (Oct-Dec 2025)$1.4B$0.6B40.9%$0.6B
Q3 FY2025 (Jul-Sep 2025)$1.2B$0.4B33.3%$0.5B
Q2 FY2025 (Apr-Jun 2025)$1.0B$0.3B26.8%$0.3B
Q1 FY2025 (Jan-Mar 2025)$0.9B$0.2B19.9%$0.2B
Q4 FY2024 (Oct-Dec 2024)$0.8B$0.0B1.3%$0.1B
Q3 FY2024 (Jul-Sep 2024)$0.7B$0.1B15.6%$0.1B

XBRL figures from the company's 10-Q and 10-K filings with the SEC. The fourth quarter is the full year minus the first three. Where gross profit isn't reported, it is revenue minus cost of revenue. For information only, not investment advice.

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