Company guides 2026 revenue growth to 61%
Guidance · revenue to $7.19B
Palantir reported a historic quarter with 70% YoY revenue growth, driven by explosive US commercial momentum and strong government demand. Management provided bullish guidance for 61% growth in 2026, highlighting the success of their AIP platform and expansion into new areas like defense supply chains. Q4 2025 revenue grew 70% YoY to $1.407B, with US commercial revenue up 137% YoY.
Palantir reported a historic quarter with 70% YoY revenue growth, driven by explosive US commercial momentum and strong government demand. Management provided bullish guidance for 61% growth in 2026, highlighting the success of their AIP platform and expansion into new areas like defense supply chains. Q4 2025 revenue grew 70% YoY to $1.407B, with US commercial revenue up 137% YoY.
Guidance · revenue to $7.19B
Management frames AI demand as accelerating and differentiating: customers are moving from pilots to large-scale commitments, and AIP is collapsing time-to-value with Hivemind and AIFD expanding into new problem sets like SAP migrations and defense autonomy. They position…
Full-year 2026 revenue guidance is $7.19B midpoint, representing 61% YoY growth.
Closed a record $4.3B in TCV bookings in Q4, up 138% YoY.
Management frames AI demand as accelerating and differentiating: customers are moving from pilots to large-scale commitments, and AIP is collapsing time-to-value with Hivemind and AIFD expanding into new problem sets like SAP migrations and defense autonomy. They position Palantir as uniquely focused on scaling AI leverage in production rather than selling commoditized models.
Management's guidance for 61% growth in 2026, following a 70% growth quarter, signals confidence in sustained hypergrowth driven by US commercial momentum and AI demand.
Management repeatedly called results historic and iconic, highlighted record growth and bookings, and raised 2026 guidance to 61% revenue growth with continued margin expansion.
“Ship OS was the most significant development in Q4, rolling out warp speed to accelerate submarine production and sustainment across shipbuilders, shipyards, and critical suppliers. At one shipbuilder, we took planning from 160 hours of ef…”
“a different customer making a brand new weapon system that is still constantly changing designs was able to see a 40x improvement in throughput with a production system that scales with the design velocity rather than breaking under it.”
“Maven usage is at all-time highs, supporting simultaneous real-world events across combatant commands and the Joint Force. Maven will continue to be rolled out to all combatant commands and many more networks over the rest of this governme…”
| Metric | Period | Range | Midpoint | Status |
|---|---|---|---|---|
| Revenue | FY2026 | $7.182B–$7.198B | $7.19B | GUIDED |
| Revenue | FY2026 Q1 | $1.532B–$1.536B | $1.534B | GUIDED |
| Issued | Metric | Target | Guide | Actual | Outcome |
|---|---|---|---|---|---|
| FY2026 Q1 | Revenue | FY2026 Q2 | $1.797B–$1.801B | $1.9355B | Met / beat |
Johnson Controls is a reference customer validating Palantir's AI-driven transformation of a legacy industrial company, indicating deep, successful adoption.
“As Johnson Controls noted about our work together, quote, it is really incredible to see that you can transform a 140-year-old company with the power of AI.”
… conscious choice to focus exclusively on the latter, delivering real-world value for our customers by maximally leveraging these models in production. Palantir is an N of 1. This is what makes a rule of 127 possible. This is why customers who have crossed the chasm with Palantir, the AI haves, are defining the future of their industries, while those still on the other side, the AI have-nots, are fighting for survival in the present. As Johnson Controls noted about our work together, quote, it is really incredible to see that you can transform a 140-year-old company with the power of AI. I'm seeing this play out across our customer base. We are moving customers from AI adopters to AI native enterprises, transforming execution into exponential advantage. This is summed up best by an executive at Thomas Kavanaugh Construction who noted, quote, we've gone all in so much so that every other software must justify its existence. And so far, they haven't been able to. 97% of our employees use Foundry every day. Foundry is our operating system. And he continued, quote, The ontology is the secret weapon. Nothing else comes close. And not only are we getting rid of third-party software, …
Lear's rapid expansion from a pilot to enterprise-wide deployment showcases Palantir's land-and-expand strategy and the value of its platform.
“Lear noted at our recent DEVCON conference their experience starting with 100 users and 4 use cases and growing to 16,000 users and 280 use cases.”
… Our U.S. commercial business grew 137% year-over-year and 28% sequentially, building on the blistering pace of 121% year-over-year in Q3 and 93% year-over-year growth in Q2, defying conventional enterprise software dynamics. This isn't just growth, it's compounding acceleration. AIP continues to fundamentally transform how quickly our customers realize value, collapsing the time from initial engagement to transformational impact. Lear noted at our recent DEVCON conference their experience starting with 100 users and 4 use cases and growing to 16,000 users and 280 use cases. We're seeing the effects across our entire customer base. Existing customers are expanding faster and larger. For example, a utility company expanded from $7 million ACV in Q1 2025 to $31 million ACV by year end, while an energy company expanded from $4 million ACV in Q1 2025 to over $20 million ACV by year end, driven by value generated from new use cases. In addition, new customers are starting with substantial initial deals. A healthcare company completed two boot camps with us last summer and signed a $96 million deal with us before the end of the year. An engineering services company saw a series …
Palantir is deploying a new platform, Ship OS, across the US submarine industrial base, reducing planning time from 160 hours to 10 minutes and material review from weeks to under an hour. — This signals a major digital transformation across US shipbuilders like Huntington Ingalls and General Dynamics Electric Boat, potentially impacting their operational efficiency and production timelines.
“Ship OS was the most significant development in Q4, rolling out warp speed to accelerate submarine production and sustainment across shipbuilders, shipyards, and critical suppliers. At one shipbuilder, we took planning from 160 hours of”
… matrices, Nexus for dynamic command relationships and unit task hierarchies, and Workbench to automate collections, fires, and battle damage assessment. These aren't three standalone capabilities. There are three new dimensions of the prism that turn battlefield complexity into lethality. They all work together, building on each other. Warp speed continued to build momentum across American industry. Ship OS was the most significant development in Q4, rolling out warp speed to accelerate submarine production and sustainment across shipbuilders, shipyards, and critical suppliers. At one shipbuilder, we took planning from 160 hours of effort to 10 minutes. At a shipyard, we took material review from weeks to less than an hour. But most exciting to me is proving what we always believed to be true, that AI will create jobs. This is Jevin's paradox in action. By reducing the deadweight loss of time spent planning and ensuring the availability of materials, one of our customers was able to add a third shift because now there was more work waiting to be done that was shovel-ready and executable. We've been so impressed with the latent talent in the submarine industrial base that we're …
A customer making a new weapon system saw a 40x improvement in throughput using Warp Speed, implying its software can significantly accelerate production for complex, changing designs. — This suggests Palantir's offering is becoming critical infrastructure for prime defense contractors like RTX and Lockheed Martin, improving their ability to deliver modern systems.
… is Jevin's paradox in action. By reducing the deadweight loss of time spent planning and ensuring the availability of materials, one of our customers was able to add a third shift because now there was more work waiting to be done that was shovel-ready and executable. We've been so impressed with the latent talent in the submarine industrial base that we're launching an American Tech Fellowship exclusively for them later this month. This will be an eight-week course to upskill users at suppliers and shipyards so they can build their own AI applications, unleashing the profound domain expertise to accelerate the delivery of one of our military's most important capabilities. Other war speed wins, one customer, making a mature weapon system at full rate production, was able to improve root cause analysis coverage from less than 20% to over 99% in less than a week. On the other end, a different customer making a brand new weapon system that is still constantly changing designs was able to see a 40x improvement in throughput with a production system that scales with the design velocity rather than breaking under it. With that, I'll turn it over to Dave to talk us through the numbers.
Palantir's Maven system is being expanded to support simultaneous real-world events across combatant commands and will be rolled out to all combatant commands this fiscal year. — The expansion of Maven within the DoD solidifies Palantir's role as a core software provider, potentially at the expense of legacy systems from prime contractors.
“Maven usage is at all-time highs, supporting simultaneous real-world events across combatant commands and the Joint Force. Maven will continue to be rolled out to all combatant commands and many more networks over the rest of this”
… of powering complex SAP ERP migrations from ECC to S4. Years of work now done in as little as two weeks. And we are generalizing AIFD's capabilities to do this for a broader and broader set of problems at our customers. AIFD and OSDK has unleashed pro-code builders in our platforms. We serve over 1 billion API gateway requests a week from applications built by our customers on top of AIP with OSDK. Maven usage is at all-time highs, supporting simultaneous real-world events across combatant commands and the Joint Force. Maven will continue to be rolled out to all combatant commands and many more networks over the rest of this government fiscal year. But MAVEN is also pushing to the edge. We completed a live-fire exercise with MAVEN coordinating with UAV assets through our new MAVEN Edge agent called MAGE, enabling the declarative statement of mission intent and fully onboard planning, reaction to emergent battlefield realities, and execution. AIP is becoming the default builder platform in the Department of War. Uniformed service members, primes, federally funded research and development centers, all in Maven, Vantage, Envision, Warp Core, and more. All building, not just …