Palantir 1st Quarter Total Revenue Surges 85%, '40 Rule' Score of 145% Compared to Nvidia

According to Dynamic Beating analysis, data analytics and AI software company Palantir has released its Q1 FY2026 earnings report. Due to accelerated demand in the U.S. market, its Q1 total revenue reached $16.33 billion, an 85% year-over-year increase, marking the highest growth rate in company history. Specifically, core U.S. commercial revenue saw a significant 133% year-over-year surge.

Measuring the growth and profitability performance of software companies with the "Rule of 40" index, Palantir's score this quarter skyrocketed to 145%. CEO Alex Karp stated that this achievement has broken the norm, with only AI infrastructure giants such as NVIDIA, Micron, and SK Hynix able to match it.

Building on a strong Q1 performance, Palantir has significantly raised its FY2026 guidance, expecting full-year total revenue to range between $76.5 billion and $76.62 billion, with the overall expected growth rate revised up to 71% and the U.S. commercial revenue growth rate increased to over 120%. The company reported a Q1 GAAP net income of $8.71 billion, with a profit margin of 53%.