PLTR Q2 2026 Earnings — Income Statement Breakdown
For its Q2 2026 period (ending 2026-06-30), PLTR reported revenue of $1.9B, gross profit of $1.6B (84.7% gross margin), operating income of $912M, and net income of $1.1B (54.9% net margin). The flow of revenue into costs and profit is visualized below.
What changed
PLTR was profitable; revenue grew 92.8% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +92.8% | +225.0% | +22.3 pp |
| Quarter over quarter | +18.6% | +22.0% | +1.5 pp |
Consensus estimate data is not available for this report.
PLTR Q2 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $1.9B | 100% |
| Cost of Revenue | −$297M | 15.3% |
| Gross Profit | $1.6B | 84.7% |
| Research & Development | −$193M | 9.9% |
| Selling, General & Administrative | −$534M | 27.6% |
| Operating Income | $912M | 47.1% |
| Other Income, net | $169M | 8.7% |
| Income Tax Expense | −$15M | 0.8% |
| Net Income | $1.1B | 54.9% |
Source: PLTR filings on SEC EDGAR (period ended 2026-06-30). Data normalized by EarningsFyi.