Palantir Technologies Reports Higher Revenue, Operating Income, Net Income, and Diluted EPS on Both Three-Month and Six-Month Year-to-Date Windows in Interim Filing

Bottom line

The Company builds and deploys software platforms that serve as the central operating systems for its customers, and the filing under 10-Q for period-ended-2026-06-30 (accession 0001321655-26-000041, CIK 0001321655, ticker PLTR) presents its interim financial reporting on the three-month reporting period the three months ended June 30, 2026 and the six-month year-to-date period the six months ended June 30, 2026, with the corresponding prior-year comparatives of the three months ended June 30, 2025 and the six months ended June 30, 2025; on every dimension catalogued for this section — Revenue from Contract with Customer, Excluding Assessed Tax, Operating Income (Loss), Net Income (Loss) Attributable to Parent, and Earnings Per Share, Diluted — the current periods are higher than the prior-year comparatives on both the three-month and six-month windows, with the income and per-share measures representing profit-to-profit transitions on both windows; the unaudited condensed consolidated balance sheet is presented as of December (omitted), the prior fiscal year-end, and management notes that no single customer represented more than (omitted) of total revenue across the reported windows.

QUOTED Management explains that the unaudited condensed consolidated financial statements have been prepared in accordance with U.S. GAAP and SEC interim reporting rules, that the balance sheet as of December (omitted) was derived from the audited statements included in the Annual Report on Form (omitted) filed with the SEC in February (omitted), and that the interim figures reflect all normal recurring adjustments necessary for a fair presentation but are not necessarily indicative of full-year results; certain prior-year balances were reclassified without affecting total revenues, income from operations, net income, or cash flows; the Company's significant accounting policies are discussed in Note 2 and there have been no significant changes during the six months ended June (omitted) except as noted; concentration risk for cash-related balances is described as minimal, and stock-based compensation expense for service-based awards — RSUs, stock option awards, and SARs — is recognized straight-line over the requisite service period, with the Black-Scholes-Merton option pricing model used for options and SARs. The filing evidence does not attribute this change to any single cause.

The authorized direction of increase applies uniformly to Revenue from Contract with Customer, Excluding Assessed Tax, Operating Income (Loss), Net Income (Loss) Attributable to Parent, and Earnings Per Share, Diluted on both the three-month and six-month windows, indicating broad-based top-line and bottom-line improvement rather than improvement confined to a single window; readers comparing interim moves at peer software platforms can cross-check a comparable pattern in the Broadcom Posts Higher Revenue, Operating Income, and Diluted EPS Year-Over-Year Filing write-up for context.

The filing evidence contains no peer or industry comparison.

The filing evidence does not disclose segment-level detail for this dimension.

Financial performance

- For Palantir Technologies Inc. under 10-Q period-ended-2026-06-30 (accession 0001321655-26-000041), reported fact: Revenue from Contract with Customer, Excluding Assessed Tax was $1,935,464,000 USD for the three months ended June 30, 2026, reported fact: Revenue from Contract with Customer, Excluding Assessed Tax was $1,003,697,000 USD for the three months ended June 30, 2025, and reported fact: Revenue from Contract with Customer, Excluding Assessed Tax was $3,568,047,000 USD for the six months ended June 30, 2026 versus the prior-year six-month comparator of $1,887,552,000 USD for the six months ended June 30, 2025.

The headline top-line figure is positive on every reported window, and both year-over-year comparisons (the three-month reading against the three months ended June 30, 2025 and the six-month reading against the six months ended June 30, 2025) move higher than the prior period, matching the authorized profit-to-profit transitions. - Reported fact: Operating Income (Loss) was $912,004,000 USD for the three months ended June 30, 2026, reported fact: Operating Income (Loss) was $269,317,000 USD for the three months ended June 30, 2025, and reported fact: Operating Income (Loss) was $1,666,002,000 USD for the six months ended June 30, 2026 versus $445,365,000 USD for the six months ended June 30, 2025.

The operating line stayed profitable on both the three-month and six-month windows and is higher than the prior period on each window, consistent with the authorized direction. - Reported fact: Net Income (Loss) Attributable to Parent was $1,061,890,000 USD for the three months ended June 30, 2026, reported fact: Net Income (Loss) Attributable to Parent was $326,727,000 USD for the three months ended June 30, 2025, and reported fact: Net Income (Loss) Attributable to Parent was $1,932,417,000 USD for the six months ended June 30, 2026 versus $540,758,000 USD for the six months ended June 30, 2025.

Net income remains in profit territory across all four windows and the year-over-year comparisons show an authorized profit-to-profit transition in the favorable direction on both the quarter and the six-month year-to-date window. 21 per diluted share USD/SHARES for the six months ended June 30, 2025. Diluted EPS is higher than the prior period on both windows, completing the profit-to-profit EPS pattern.

- Accounting context: per the cited discussion of the Company's significant accounting policies in Note 2, management confirms that there have been no significant changes to those policies during the six months ended June 30, 2026 except as otherwise noted, with key estimates continuing to cover performance-obligation identification in customer contracts, deferred tax asset and uncertain tax position valuation, and stock-based compensation valuation/recognition. The Company also references fair-value hierarchy disclosures in Level 1, Level 2, and Level 3 for cash equivalents and marketable securities, and equity activity discussion in Note 7.

- Six-month year-to-date comparisons for revenue, operating income, net income, and diluted EPS all carry the authorized direction higher than the prior period and the authorized profit-to-profit transition. Three-month comparisons for revenue, operating income, net income, and diluted EPS likewise carry the authorized direction higher than the prior period and the authorized profit-to-profit transition. No quarter-over-quarter comparisons are authorized for this section.

- Guidance and expectations: the filing does not provide a forward financial outlook, revenue range, EPS range, or margin target for the next quarter or the full year, so any view on management guidance is unsupported by the filing evidence. The filing evidence does not attribute this change to any single cause. for the underlying driver of any single period movement.

The filing evidence contains no peer or industry comparison. — there is no peer, sector, or industry benchmark in the filing evidence, so the move higher than the prior period is presented here only as a same-filing year-over-year change without external context.

Operating drivers and segments

- Revenue from contracts with customers for Palantir Technologies Inc. was $1,935,464,000 for the three months ended June 30, 2026, compared with $1,003,697,000 for the three months ended June 30, 2025, a higher year-over-year result in the three-month window. - Revenue for the six-month year-to-date window was $3,568,047,000 against $1,887,552,000 for the six months ended June 30, 2025, also higher year-over-year. - Operating income for the same period was $912,004,000 for the three months ended June 30, 2026, higher than $269,317,000 for the three months ended June 30, 2025. - Operating income for the year-to-date window was $1,666,002,000 against $445,365,000 for the six months ended June 30, 2025, again a higher year-over-year comparison. - The filing presents consolidated revenue and operating income only; the text does not break these lines out by customer segment, geography, or product line, so segment-level margin commentary for PLTR is not available from this filing.

- Management describes Palantir Technologies Inc. as a builder of software platforms that act as central operating systems for its customers, a positioning statement that frames the consolidated revenue line but does not attribute the year-over-year change in $1,003,697,000, $1,935,464,000, $1,887,552,000, or $3,568,047,000 to any single customer, contract, or vertical. - Reclassifications of certain prior-year balances were made to conform to the current presentation, and management states these reclassifications did not affect total revenues, income from operations, net income, or cash flows. - Management notes the unaudited condensed consolidated statements reflect all normal recurring adjustments management considers necessary and are not necessarily indicative of full-year results. - Stock-based compensation is recognized over the requisite service period using grant-date fair values, with the assumptions disclosed representing management's best estimates; the filing flags valuation of stock-based awards, deferred tax assets, and uncertain tax positions among its significant estimates. - The filing discloses that no customer represented more than the cited concentration threshold of total revenue for the three months ended June 30, 2026 and the six months ended June 30, 2026, indicating a diversified customer base without a single dominant buyer.

The filing does not provide independent segment data, customer-count metrics, average contract value, or any backlog disclosure that would let an outside observer reconcile the gap between the higher three-month revenue and the higher six-month revenue. The filing evidence does not attribute this change to any single cause. Management's explanation that reclassifications left totals unchanged implies the year-over-year directional move in $912,004,000, $269,317,000, $1,666,002,000, and $445,365,000 reflects underlying activity rather than presentation choice. The filing evidence contains no peer or industry comparison. The interim results for this 10-Q filing cover the windows summarized in Item 1 through Item 6, and the GAAP framework adopted in Note 2 remains unchanged besides updates referenced in the significant accounting policies discussion. Readers comparing PLTR to other interim reporters can frame the higher revenue and operating income pattern against filings such as Broadcom Posts Higher Revenue, Operating Income, and Diluted EPS Year-Over-Year in Filing for context, though the filing evidence does not contain a direct peer comparison.

Cash flow and capital

The six-month operating cash flow reported for the period came in at $2,115,332,000 USD across the six months ended June 30, 2026, compared with $849,514,000 USD in the prior-year window the six months ended June 30, 2025, an authorized increase on the cash-generation line. Investing activities used -$1,509,665,000 USD in the current six-month window versus -$2,007,287,000 USD the year before, an authorized increase that nevertheless remained a cash outflow on both sides. Financing activities swung from a use of -$22,447,000 USD in the prior-year six-month window to a source of $8,378,000 USD in the current period, the only one of the three statements to flip sign year over year. Within the investing outflow, payments to acquire property, plant, and equipment were $21,955,000 USD for the six months ended June 30, 2026, up from $13,818,000 USD for the six months ended June 30, 2025, an authorized increase in capital spending.

On the working-capital side, the balance sheet as of the balance sheet date of June 30, 2026 shows Cash and Cash Equivalents, at Carrying Value of $2,030,047,000 USD, Accounts Receivable, after Allowance for Credit Loss, Current of $1,485,249,000 USD, Accounts Payable, Current of $3,102,000 USD, and Accounts Payable and Accrued Liabilities, Current of $504,070,000 USD. The six-month window's capital expenditure figure sits inside the broader investing outflow, and the available-for-sale debt-security sales during the six months ended June (omitted) referenced in the notes do not affect the headline operating, investing, and financing totals above.

The financing swing — from a use of cash a year ago to a source in the current window — sits alongside rising property, plant, and equipment spending, so the cash returned to shareholders or used to retire obligations in the current period was funded even as the company continued to invest in fixed assets. With operating cash flow higher year over year and the investing line still absorbing funds, the balance of the three statements in the six months ended June 30, 2026 points to a company generating more cash from customers than it consumed on capex and other investing items, while choosing a financing posture opposite to the prior year. Readers comparing this picture with prior Lizely coverage such as the Broadcom Posts Higher Revenue, Operating Income, and Diluted EPS Year-Over-Year in Filing analysis can use the same cash-flow framing to read across companies, but the directional comparison for the operating, investing, and financing lines here is the only year-over-year move the filing evidence permits.

The filing does not attribute the move in the financing line, or the year-over-year change in operating cash flow, to any single identifiable cause in this section, and the working-capital balances are presented as point-in-time figures without an inline driver story in the cited material.

The filing evidence does not attribute this change to any single cause. The filing evidence contains no peer or industry comparison.

Peer and historical context

Reading the half-year and three-month year-over-year windows together is the cleanest way to anchor Palantir Technologies Inc. (PLTR) against its own recent track record. On the six-month view, Revenue from Contract with Customer, Excluding Assessed Tax rose from $1,887,552,000 USD in the six months ended June 30, 2025 to $3,568,047,000 USD in the six months ended June 30, 2026, an authorized higher result that simply carries the directional pattern readers can also see at peers like the Broadcom filing and the Agilent Technologies filing. The three-month comparison shows the same shape: $1,003,697,000 USD for the three months ended June 30, 2025 expanding to $1,935,464,000 USD for the three months ended June 30, 2026, again higher.

Operating Income (Loss) tracks that trajectory on both windows. The six-month figure moved from $445,365,000 USD to $1,666,002,000 USD, profit to profit, and the three-month figure moved from $269,317,000 USD to $912,004,000 USD, also profit to profit. Net Income (Loss) Attributable to Parent follows the same arc: $540,758,000 USD to $1,932,417,000 USD for the six-month window and $326,727,000 USD to $1,061,890,000 USD for the three-month window, each profit to profit and higher. The operating cash-flow line reinforces the profitability signal, with Net Cash Provided by (Used in) Operating Activities shifting from $849,514,000 USD to $2,115,332,000 USD, positive to positive and higher, over the half-year view.

This filing is 10-Q period-ended-2026-06-30, accession 0001321655-26-000041, CIK 0001321655. Because the evidence set is limited to a single issuer's statements, no direct side-by-side peer figures are tabulated here. The filing evidence contains no peer or industry comparison. The most we can say about competitive standing is that the authorized direction of every reported line — revenue, operating income, net income, and operating cash flow — matches the directional pattern documented for several other interim filers in the same news flow, such as the UFP Technologies analysis and the ANI Pharmaceuticals analysis, both of which also report profit-to-profit higher readings across the six-month window.

On the historical comparison specifically, the half-year and the three-month windows move in the same direction on every line that has both a current and prior-year figure, which is a consistent rather than mixed signal. The filing evidence does not attribute this change to any single cause.

Scenario analysis

The base case reads the reported figures on their face and assumes the half-year and quarter trends continue at a similar cadence through the next reporting window. Reported revenue for the six-month period reached $3,568,047,000 USD, up from $1,887,552,000 USD in the prior-year comparative, while quarterly revenue moved to $1,935,464,000 USD against $1,003,697,000 USD. Reported net income was $1,932,417,000 USD for the year-to-date window versus $540,758,000 USD, with the three-month net income landing at $1,061,890,000 USD against $326,727,000 USD. In the base case, both top-line and bottom-line trajectories hold steady, contract cadence normalizes, and the secured revolving credit facility continues to provide ample liquidity for operating needs. This case anchors the discussion of operating performance against the filed numbers without extrapolating beyond the half-year window.

The upside case leans on the qualitative signals inside the filing. The note on remaining performance obligations describes multi-year arrangements that often allow customers to terminate for convenience on short notice, and the Company has elected a practical expedient that excludes contracts with original terms of twelve months or less — together these flags suggest a pipeline that can compound if renewals land and shorter-cycle deals convert. The disclosure of unrealized gains on publicly-traded equity securities held at period end adds a non-operating tailwind to the income statement, and the filing notes that the Company did not recognize any credit losses related to available-for-sale debt securities for the three- and six-month windows. A continuing credit environment with no impairments on privately-held equity securities carried at the lower fair-value tier reinforces a constructive setup. A useful read-across to a peer that posted a comparable top-line and bottom-line pattern appears in Broadcom Posts Higher Revenue, Operating Income, and Diluted EPS Year-Over-Year in Filing, which frames how a profit-to-profit step-up can be sustained.

The downside case acknowledges the same termination-for-convenience language that powers the upside. Many contracts can be cancelled on less than twelve months' notice, so an unexpected churn event could compress reported revenue from $1,935,464,000 USD in the current quarter and $3,568,047,000 USD for the year-to-date. Cloud-hosting purchase commitments were amended in March, and prior payment obligations were extinguished concurrently — a reset that, while currently neutral, signals concentration risk with a third-party provider that could reappear if usage assumptions shift. The revolving credit facility carries a minimum-liquidity covenant, which constrains how far working capital can stretch in a stress period, and litigation exposure is described as ongoing across a wide list of claim types (intellectual property, employment, securities, data, government procurement, and others) without a quantified loss contingency. Equity holdings introduce mark-to-market volatility through other income (expense), net, even when realized credit losses stay at zero. Compared with a peer showing a similar profit-to-profit trajectory, like Agilent Technologies Posts Higher Revenue, Operating Income, Net Income and Diluted EPS on Both Three-Month and Six-Month Windows in Interim Filing, the principal downside swing factors are customer cancellation timing and equity-market-driven other-income swings rather than core operating margins.

The filing evidence does not attribute this change to any single cause.

Risks and what to watch

- Net unrealized gains on publicly-traded equity securities held by Palantir Technologies Inc. at the close of the three months ended June 30, 2026 and the six months ended June 30, 2026 are positive, while net unrealized losses are described as immaterial. The wording that the majority of those gains are subject to short-term resale restrictions matters for liquidity, because earnings are only as accessible as the lock-ups permit.

Look for any disclosure in the next filing that quantifies the restricted portion and the remaining restriction horizon. - The Company also holds equity in privately-held companies without readily determinable fair values, classified as Level 3 within the fair value hierarchy. No material upward or downward adjustments or impairments were recorded during the three months ended June 30, 2025, the three months ended June 30, 2026, the six months ended June 30, 2025 or the six months ended June 30, 2026.

Cumulative adjustments also were not material. Watch the cited note for any sign that future mark-to-market activity could surface, since this is the segment most likely to swing without warning. - The revolving credit facility, referred to as the “Credit Facility,” carries a minimum liquidity covenant.

Any breach would be a binding event, and the covenant level is itself a watchable threshold. Also note the cloud-hosting purchase commitment that was amended in March of the prior year; the termination of legacy payment obligations means future cloud spend is governed by the amended agreement, and any step-up should be flagged. - Legal proceedings disclosed under Item 1 cover a wide canvas — intellectual property, employment, securities, taxes, class actions, data and procurement.

The Company books a loss contingency only when the loss is both probable and reasonably estimable. The breadth of exposure rather than any single accrual is the principal risk to monitor; readers should expect matter-by-matter updates rather than a single quantitative number. - Revenue for the three months ended June 30, 2026 and the six months ended June 30, 2026 is higher than the prior period on both windows, but the filing does not attribute the movement to any single cause.

The filing evidence does not attribute this change to any single cause. - Net Income (Loss) Attributable to Parent remains a profit on both windows for the three months ended June 30, 2026 and the six months ended June 30, 2026 and is higher than the prior period, again without an attributed cause. The filing evidence does not attribute this change to any single cause.

- Counter-evidence is limited because the filing provides no peer or industry comparison. The filing evidence contains no peer or industry comparison. - Segment-level detail is not separately disclosed for revenue mix.

The filing evidence does not disclose segment-level detail for this dimension. - For context, the Lizely Finance Earnings Analysis on Broadcom covers a similar profit-to-profit trajectory in a different sector and may help frame how comparable disclosures can shift quarter to quarter; see Broadcom Posts Higher Revenue, Operating Income, and Diluted EPS Year-Over-Year in the reporting period Filing.