Palantir raises full-year revenue outlook by 10 points following a 133% jump in U.S. commercial revenue for Q1 FY26.
Palantir reported its highest revenue growth rate in history for the first quarter of fiscal year 2026, driven by a 133% increase in U.S. commercial revenue. The company raised its full-year guidance by 10 points, signaling strong operational performance.
The surge follows a period of heightened demand for AI-driven enterprise solutions. Prior quarters had shown steady growth, but Q1 FY26 marked a significant acceleration, outpacing consensus estimates.
CEO Alex Karp also criticized the token-based pricing models of AI firms like OpenAI and Anthropic, arguing enterprises are shifting toward cost-effective open-weight models. The comments reflect broader industry debates over AI monetization.