Palantir Reports 85% Q1 Revenue Surge to $1.633B, Rule of 40 Score Hits 145%

According to Palantir’s Q1 2026 earnings report, the data analytics and AI software company’s first-quarter revenue reached $1.633 billion, up 85% year-over-year, marking its highest growth rate on record. The company’s Rule of 40 score—a metric measuring combined growth and profitability—surged to 145%, with CEO Alex Karp noting only AI infrastructure leaders like Nvidia, Micron, and SK Hynix achieve comparable performance.

U.S. commercial revenue jumped 133% in the quarter. Palantir raised its 2026 full-year guidance to $7.65–$7.662 billion, up 71% from prior expectations, with U.S. commercial revenue growth now projected to exceed 120%.