Palantir (PLTR) official guidance

We are raising our adjusted free cash flow guidance to between $4.5 billion and $4.7 billion, and we continue to expect GAAP operating income and net income in each quarter of this year.

As in prior years, we expect a significant ramp in expense in the Q3 due to the seasonality of new hire starts and other product and marketing initiatives.

We're raising our adjusted income from operations guidance to between $4.889 billion and $4.897 billion.

For Q3 2026, we expect revenue of between $2.16 billion and $2.164 billion and adjusted income from operations of between $1.292 billion and $1.296 billion.

For full year 2026, we are raising our revenue guidance to between $8.15 billion and $8.158 billion.

For Q3 2026, we expect revenue of between $2.16 billion and $2.164 billion and adjusted income from operations of between $1.292 billion and $1.296 billion.

We continue to expect revenue from these contracts to be less than $500,000 in each remaining quarter of this year.

And we continue to expect GAAP operating income and net income in each quarter of this year.

And we continue to expect GAAP operating income and net income in each quarter of this year.

We are raising our U.S. commercial revenue guidance to in excess of $3.424 billion, representing a growth rate of at least 134%.

We continue to expect expenses to ramp in 2026; we remain committed to investing in the product pipeline and the most elite technical talent, all while delivering on our goals of sustained GAAP profitability.

For Q2 2026, we expect revenue of between $1.797 billion and $1.801 billion and adjusted income from operations of between $1.063 billion and $1.067 billion.

For Q2 2026, we expect revenue of between $1.797 billion and $1.801 billion and adjusted income from operations of between $1.063 billion and $1.067 billion.

With our 2026 revenue and adjusted operating income guidance, we are guiding to a Rule of 40 score of 129% for the full year.

•And we continue to expect GAAP operating income and net income in each quarter of this year.

For Q1 2026, we expect: Revenue of between $1.532 billion-$1.536 billion, and adjusted income from operations of between $870 million-$874 million.

We anticipate 2026 revenue from these contracts to be less than $7 million or less than 0.1% of full-year revenue.

We anticipate first quarter 2026 revenue from these contracts to between $1 million-$3 million compared to $5.1 million in the first quarter of 2025.

For Q1 2026, we expect: Revenue of between $1.532 billion-$1.536 billion, and adjusted income from operations of between $870 million-$874 million.

We anticipate 2026 revenue from these contracts to be less than $7 million or less than 0.1% of full-year revenue.

GAAP operating income and net income in each quarter of this year.

We are raising our adjusted free cash flow guidance to between $1.9 billion and $2.1 billion, and we continue to expect GAAP operating income and net income in each quarter of this year.

We are raising our adjusted free cash flow guidance to between $1.9 billion and $2.1 billion, and we continue to expect GAAP operating income and net income in each quarter of this year.

We continue to expect expenses to increase in the fourth quarter, as we remain committed to investing in the product pipeline and the most elite technical talent, all while delivering on our goals of sustained GAAP profitability.

We are raising our adjusted free cash flow guidance to between $1.9 billion and $2.1 billion, and we continue to expect GAAP operating income and net income in each quarter of this year.

We are raising our adjusted income from operations guidance to between $2.151 billion and $2.155 billion.

For Q4 2025, we expect revenue of between $1.327 billion and $1.331 billion and adjusted income from operations of between $695 million and $699 million.

We anticipate fourth quarter 2025 revenue from these contracts to be between $2 million-$4 million compared to $9.6 million in the fourth quarter of 2024.

For full year 2025, we are raising our revenue guidance to between $4.396 billion and $4.400 billion.

For Q4 2025, we expect revenue of between $1.327 billion and $1.331 billion and adjusted income from operations of between $695 million and $699 million.

We anticipate 2025 revenue from these contracts to be less than half of 1% of full year revenue.

With the increase in our 2025 revenue and adjusted operating income guidance, we are now guiding to a Rule of 40 score of 102% for the full year.

We are raising our U.S. commercial revenue guidance to in excess of $1.433 billion, representing a growth rate of at least 104%.