Markets
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Matt Phillips

Palantir beats on earnings and revenue, raises guidance

Palantir reported Q1 sales and earnings per share that topped Wall Street’s consensus expectations and boosted its revenue and profit guidance. The defense, intelligence, and AI software company reported:

  • Adjusted Q1 earnings per share of $0.33 vs. Wall Street expectations for $0.28, according to FactSet.

  • Q1 sales of $1.63 billion vs. an expected $1.54 billion, per FactSet.

  • Q1 sales growth of 85% year over year vs. a 74.5% Wall Street expectation.

  • Q1 US commercial sales of $595 million vs. the $605 million consensus of seven analyst estimates collected by FactSet.

Looking forward, Palantir forecast:

  • Q2 2026 revenue in the range of $1.797 billion to $1.801 billion, vs. Wall Street expectations for $1.68 billion.

  • Q2 2026 adjusted operating income between $1.063 billion and $1.067 billion, vs. an expectation for $873.6 million.

  • Full-year 2026 revenue in the range of $7.65 billion to $7.662 billion, vs. its previous estimate of between $7.182 billion and $7.198 billion and Wall Street expectations for $7.24 billion.

  • Full-year 2026 adjusted operating income between $4.440 billion and $4.452 billion, vs. its previous estimate of between $4.136 billion and $4.142 billion and analyst expectations for $4.19 billion, according to FactSet.  

Shares were roughly flat shortly after the report.

A retail favorite since at least 2024, Palantir’s shares have struggled early in 2026, falling about 18% through Monday’s close. The problem isn’t with the fundamentals, as Palantir’s results have repeatedly trounced expectations for profitability and growth. (Though it did slightly undershoot expectations for Q1 US commercial sales, if one is being a stickler.)

It’s just that the market has given Palantir lots of credit over the last three years, during which time its shares soared roughly 1,900%. In the market’s view, perhaps Palantir’s sterling performance merely represents the company keeping its end of the bargain.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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