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Palantir Technologies’ 93% Revenue Surge — Is The AI Growth Engine Still Accelerating?

Palantir Technologies reported exceptionally strong results in the second quarter of fiscal 2026, marked by a 93% year-over-year revenue growth, the highest in the company’s history, and a significant acceleration in its U.S. business. U.S. revenue accounted for over 81% of total revenue and grew 115% year-over-year, driven by 149% growth in U.S. commercial revenue and 90% growth in U.S. government revenue. The company closed a record number of large deals, including 220 deals worth $1 million or more, with 98 deals above $5 million and 73 deals exceeding $10 million. Total commercial bookings reached over $2.3 billion, reflecting strong demand for Palantir’s AI platform, especially relating to sovereign AI—where customers maintain full control of their data, logic, and security.