Palantir Q1 2026 Earnings Preview: Wall Street Expects 115% EPS Growth as AIP Commercial Accelerates

# Palantir Q1 2026 Earnings Preview: Wall Street Expects 115% EPS Growth as AIP Commercial Accelerates

> **Quick answer:** Palantir (PLTR) reports Q1 2026 earnings today, May 4, after the 5 p.m. ET close. Analysts project adjusted EPS of $0.28 — a 115% year-over-year jump — and revenue of $1.54 billion, up 74%. The stock is down 20% year-to-date near $138, but 21 analysts maintain a Moderate Buy with an average price target of $191. The key variable: whether AIP commercial growth accelerates past Q4's 139% surge.

Palantir Q1 2026 earnings preview PLTR stock is the most-watched tech event of the trading week. The company has beaten Wall Street estimates for ten consecutive quarters, and tonight's report — dropping after market close — arrives at a pivotal moment: the stock has shed 20% in 2026 even as the AI narrative it pioneered has become mainstream. Bulls see a buying opportunity. Bears point to a 226x P/E and $137 million in insider selling in 90 days. The numbers tonight will decide which camp has the stronger case.

## What Wall Street Expects: The Key Numbers

Consensus estimates for Q1 2026 are unambiguous about the growth rate. The question is whether Palantir beats them.

**Revenue:** $1.54 billion, representing 74.1% year-over-year growth. That would be a significant acceleration from the 39.3% growth posted in Q1 2025. In Q4 2025, Palantir reported $1.41 billion in revenues — already a substantial beat on billings and EBITDA — so the bar for Q1 is materially higher.