Palantir Technologies (PLTR) Reports 133% Revenue Growth in Q1 2026

AI Summary

Palantir Technologies Inc. (PLTR) reported a 133% year-over-year increase in US Commercial revenue, reaching $595 million in Q1 2026. The number of total commercial customers rose to 1,007, marking a 31% growth year-over-year. Additionally, US Government revenue grew by 84% to $687 million during the same period. Renaissance Technologies trimmed its stake in PLTR by over 20%, owning just under 7 million shares as of Q1 2026, down from more than 47 million shares by early 2024.