Palantir Technologies Inc. Q2 2026 Earnings Results vs. Expectations
ReportsAug 3, 2026
SlotAfter Market Close
Beats vs our estimate3 of 3
Results are out
This quarter has reported. The consensus below is what we expected going in.
What the Street expects
EPS · NON-GAAP
$0.35
consensus · not yet reported
QoQ—
YoY—
Revenue
$1.81B
consensus · not yet reported
QoQ—
YoY—
QoQ and YoY are what the consensus implies against the prior quarter and the prior year.
Also on the card
Revenue guidance
~$1.8B
FY2026 revenue consensus
$7.72B
Avg price target
$182.20
What to watch
- The cash-flow line, not the revenue line. Revenue confirms a story we already tell. Free cash flow is the input our headline metric is missing — it is the one whose absence, not its value, is currently wrong on the page.
- Whether gross margin posts a seventh straight rise. Six consecutive quarters of expansion is a trend; the quarter that breaks it is the one worth noticing.
- How dated the analyst frame is. The most recent rating we hold is a Daiwa Securities upgrade to Buy with a $180 target dated February 10, 2026, and the ratings block's average target is $183.90 — against a price of $119.50 as of August 1 .
Estimate against reported
Our published estimate
Reported EPS
Average surprise +9% over 3 graded quarters
| Quarter | Estimate | Reported | Surprise |
|---|---|---|---|
| 2024 Q3 | — | $0.06 | — |
| 2024 Q4 | — | $0.03 | — |
| 2025 Q1 | — | $0.08 | — |
| 2025 Q2 | — | $0.13 | — |
| 2025 Q3 | $0.17 | $0.18 | +6% |
| 2025 Q4 | $0.23 | $0.23 | 0% |
| 2026 Q1 | $0.28 | $0.34 | +21% |
| 2026 Q2 | $0.35 | $0.41 | +17% |
Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.
Every quarter
Read the full preview → Q2 2026 release page View PLTR stock page