PLTR Q1 2026 Earnings — Income Statement Breakdown
For its Q1 2026 period (ending 2026-03-31), PLTR reported revenue of $1.6B, gross profit of $1.4B (86.8% gross margin), operating income of $754M, and net income of $871M (53.3% net margin). The flow of revenue into costs and profit is visualized below.
What changed
PLTR was profitable; revenue grew 84.7% year over year, and EPS beat consensus by $0.03.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +84.7% | +306.7% | Not available |
| Quarter over quarter | +16.0% | +43.0% | Not available |
EPS was $0.25 versus $0.22 expected.
PLTR Q1 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $1.6B | 100% |
| Cost of Revenue | −$216M | 13.2% |
| Gross Profit | $1.4B | 86.8% |
| Research & Development | −$161M | 9.9% |
| Selling, General & Administrative | −$502M | 30.7% |
| Operating Income | $754M | 46.2% |
| Other Income, net | $68M | 4.2% |
| Income Tax Expense | −$12M | 0.7% |
| Net Income | $871M | 53.3% |
Source: original SEC filing (filed 2026-05-04). Accession 0001321655-26-000026. Data normalized by EarningsFyi.