# Palantir total customers in Q2

in Q2 2026

Updated: July 14, 2026

Category: Financials

Tags: Companies
KPIs

HTML: /markets/financials/companies/palantir-total-customers-in-q2/

## Short Answer

**Key takeaway.** Both the **model** and the **market** expect Palantir's total customers in Q2 2026 to be Above 1040, with no compelling evidence of mispricing.

## Key Claims (January 2026)

**- - Since last update (~24h): For "Above 1080" customers, our model increased +3.1pp, flipping the edge (model_led).** - **Model** conviction for "Above 1070" rose +7.6pp, compressing the edge with no **market** shift.
- **Model**'s **probability** for "Above 1060" increased +7.6pp, compressing the edge as **market** moved +7.0pp.
- Broader probabilities for customer counts above 1075, 1090, and 1100 saw **model**-led increases.

**- - Total customers above 1040 appears highly likely from announced Q2 contracts.** - Q1 2026 customer growth of **6%** suggests a strong sequential Q2.
- Thresholds above 1065 are more probable given confirmed Q2 expansions.

### Why This Matters (GEO)

- AI agents extract claims, not arguments.
- Improves citation probability in summaries and answer cards.
- Enables fact stitching across multiple sources.

## Executive Verdict

**Key takeaway.** **Model** (**98.8%**) implies a -0.2pp gap to the 99c **market**, with strong Q2 contract wins pushing customer counts higher.

### Who Wins and Why

| Outcome | Market | Model | Why |
| --- | --- | --- | --- |
| Above 1060 | 87.0% | 85.2% | Market higher by 1.8pp |
| Above 1100 | 6.0% | 6.4% | Model higher by 0.4pp |
| Above 1090 | 12.0% | 12.4% | Model higher by 0.4pp |

## Model vs Market

| Outcome | Market Probability | Octagon Model Probability |
| --- | --- | --- |
| Above 1060 | 87.0% | 85.2% |
| Above 1100 | 6.0% | 6.4% |
| Above 1090 | 12.0% | 12.4% |
| Above 1070 | 45.0% | 42.1% |
| Above 1050 | 93.0% | 91.9% |
| Above 1080 | 11.0% | 12.4% |
| Above 1065 | 66.0% | 60.1% |
| Above 1040 | 99.0% | 98.8% |
| Above 1075 | 29.0% | 28.4% |

- Expiration: September 2, 2026

## Market Behavior & Price Dynamics

This prediction market's price action is defined by a single, sharp upward movement. The contract began the period at a price of 86.0%, holding this level until July 3, 2026. On that date, the price experienced a significant 13.0 percentage point spike, reaching 99.0%, where it has since remained. This price movement was not speculative; it directly coincided with an analyst upgrade from DA Davidson, which established a 'Buy' rating, and public statements from Palantir's CEO. The market immediately priced in this new information, re-rating the probability of the event upward.

With only 189 contracts traded in total, volume is light, suggesting the market found its new level quickly and with high conviction. The price of 86.0% acted as a clear support level before the news catalyst. The subsequent move established a new, firm ceiling at 99.0%. The absence of volume since the spike indicates a strong consensus has been reached, with little to no selling interest at these elevated probability levels. Overall, the chart reflects a market with extremely high confidence that Palantir's Q2 2026 customer count will exceed the 1,040 threshold, with the July 3rd news serving to crystallize this sentiment from strong belief into near-certainty.

## Significant Price Movements

### Outcome: Above 1060

#### 📉 July 10, 2026: 9.0pp drop

Price decreased from 89.0% to 80.0%

**What happened:** The provided sources do not contain information identifying a specific primary driver for the 9.0 percentage point drop in the "Palantir total customers in Q2" prediction market price on July 10, 2026. As of July 14, 2026, Palantir has not yet reported its Q2 2026 financial results, so the movement is not a reaction to official numbers [[^]](https://www.coinbase.com/it/predictions/event/KXPLTR-26AUGCUST)[[^]](https://polymarket.com/event/palantir-of-customers-above-in-q1)[[^]](https://explorer.struct.to/markets/palantir-total-customers-above-1060-in-q1). While Palantir announced strong Q1 2026 revenue on May 4, 2026, this event precedes the market movement by over two months and does not explain a specific decline on July 10 [[^]](https://investors.palantir.com/news-details/2026/Palantir-Reports-Q1-2026-U-S--Revenue-Growth-of-104-YY-and-Revenue-Growth-of-85-YY-Raises-FY-2026-Revenue-Guidance-to-71-YY-Growth-and-U-S--Comm-Revenue-Guidance-to-120-YY-Crushing-Consensus-Expectations/)[[^]](https://last10k.com/sec-filings/pltr/0001321655-26-000028.htm)[[^]](https://www.sec.gov/Archives/edgar/data/1321655/000132165526000026/a2026q1ex991pressrelease.htm). There is no mention of social media activity, traditional news, or market structure factors coinciding with this date that would explain the decline, thus social media's role cannot be determined from the available data.

#### 📈 July 09, 2026: 13.0pp spike

Price increased from 76.0% to 89.0%

**What happened:** The primary driver for the 13.0 percentage point spike was Palantir's announcement of new commercial partnerships on July 9, 2026 [[^]](https://www.fxleaders.com/news/2026/07/09/will-pltr-stock-break-above-134-as-palantirs-ai-partnerships-fuel-bullish-calls/)[[^]](https://www.barchart.com/story/news/3205919/palantir-wins-larger-contract-with-major-mexican-insurer-gnp-seguros-this-could-move-the-needle-for-pltr-stock). The company revealed new agreements with GNP Seguros, Rackspace Technology, and SNP SE, directly indicating an increase in its customer count [[^]](https://www.fxleaders.com/news/2026/07/09/will-pltr-stock-break-above-134-as-palantirs-ai-partnerships-fuel-bullish-calls/)[[^]](https://www.barchart.com/story/news/3205919/palantir-wins-larger-contract-with-major-mexican-insurer-gnp-seguros-this-could-move-the-needle-for-pltr-stock). These announcements coincided with the price movement and provided a clear mechanism for Palantir to exceed 1,060 customers in Q2, up from 1,007 in Q1 2026 [[^]](https://www.theglobeandmail.com/investing/markets/stocks/PLTR/pressreleases/1698303/palantir-pltr-q1-2026-earnings-transcript/)[[^]](https://www.hudson-labs.com/research/palantir-stock-analysis-pltr)[[^]](https://www.fxleaders.com/news/2026/07/09/will-pltr-stock-break-above-134-as-palantirs-ai-partnerships-fuel-bullish-calls/)[[^]](https://www.barchart.com/story/news/3205919/palantir-wins-larger-contract-with-major-mexican-insurer-gnp-seguros-this-could-move-the-needle-for-pltr-stock). Social media activity was not identified as a primary driver based on the available information.

#### 📉 July 07, 2026: 20.0pp drop

Price decreased from 96.0% to 76.0%

**What happened:** The provided web research does not identify a specific social media post, traditional news announcement, or market event on July 07, 2026, that directly caused a 20.0 percentage point drop in the prediction market for Palantir's Q2 customer count exceeding 1060. Although Palantir's stock experienced declines in the first half of 2026 due to general market sell-offs and fears of potential contract losses, early July 2026 actually saw a stock rebound attributed to positive analyst coverage and news of an investor reducing a short position [[^]](https://www.fool.com/investing/2026/07/07/why-palantir-stock-plummeted-last-month-but-is-soa/)[[^]](https://www.fool.com/investing/2026/07/03/palantirs-business-is-booming-so-why-has-the-stock/)[[^]](https://www.barrons.com/articles/palantir-stock-nears-new-low-7ba7feab). No specific social media activity or news directly impacting Palantir's customer acquisition expectations on or around July 07, 2026, was found. Based on the available information, social media appears to be irrelevant to this particular price movement.

#### 📈 July 01, 2026: 45.0pp spike

Price increased from 51.0% to 96.0%

**What happened:** The provided research does not contain verified evidence of a 45.0 percentage point spike in the "Palantir total customers in Q2" prediction market on July 1, 2026 [[^]](https://last10k.com/sec-filings/pltr/0001321655-26-000028.htm). Palantir's Q1 2026 customer count was 1,007, and Q2 2026 results are not expected until early August [[^]](https://finance.biggo.com/quote/PLTR/earnings-call?t=US_PLTR_2026-05-04)[[^]](https://www.hudson-labs.com/research/palantir-stock-analysis-pltr)[[^]](https://investors.palantir.com/news-details/2026/Palantir-Reports-Q1-2026-U-S--Revenue-Growth-of-104-YY-and-Revenue-Growth-of-85-YY-Raises-FY-2026-Revenue-Guidance-to-71-YY-Growth-and-U-S--Comm-Revenue-Guidance-to-120-YY-Crushing-Consensus-Expectations/)[[^]](https://www.sec.gov/Archives/edgar/data/1321655/000132165526000026/a2026q1ex991pressrelease.htm). Without corroborating evidence of this specific market movement occurring as stated, identifying a primary driver, including social media activity or traditional news, is not possible from the available information. Therefore, social media activity appears irrelevant to a market movement that lacks evidential support.

### Outcome: Above 1040

#### 📈 July 03, 2026: 13.0pp spike

Price increased from 86.0% to 99.0%

**What happened:** The 13.0 percentage point spike in the "Palantir total customers in Q2" prediction market on July 3, 2026, was primarily driven by traditional news and company statements. The movement coincided with a DA Davidson analyst upgrade to 'Buy' with a $175 price target and CEO Alex Karp's high-profile critique of token-based AI pricing models [[^]](https://azat.tv/en/palantir-stock-rebound-ai-sovereignty/). These factors, which contributed to an overall positive sentiment regarding Palantir's AI strategy, were identified as the main catalysts for stock movement around this time, rather than direct Q2 customer financials [[^]](https://azat.tv/en/palantir-stock-rebound-ai-sovereignty/). Based on the provided information, social media activity was irrelevant as a primary driver.

## Contract Snapshot

This market resolves YES if Palantir Technologies Inc. reports above 1070 total customers in Q2 2026, and NO if it reports 1070 or fewer. The outcome will be verified by Fiscal.ai. The market, which opened on May 20, 2026, will close and expire early if the event occurs, or by September 2, 2026, at 4:00pm EDT otherwise, with a projected payout 30 minutes after closing.

## Market Discussion

Palantir announced a total customer count of 1,007 for Q1 2026 on May 4, 2026, representing a 31% year-over-year and 6% sequential increase [[^]](https://finance.biggo.com/quote/PLTR/earnings-call?t=US_PLTR_2026-05-04)[[^]](https://www.theglobeandmail.com/investing/markets/stocks/PLTR/pressreleases/1698303/palantir-pltr-q1-2026-earnings-transcript/). As of July 14, 2026, Q2 2026 financial results have not yet been released, though the company provided Q2 revenue guidance of $1.797 billion to $1.801 billion [[^]](https://last10k.com/sec-filings/pltr/0001321655-26-000028.htm)[[^]](https://investors.palantir.com/news-details/2026/Palantir-Reports-Q1-2026-U-S--Revenue-Growth-of-104-YY-and-Revenue-Growth-of-85-YY-Raises-FY-2026-Revenue-Guidance-to-71-YY-Growth-and-U-S--Comm-Revenue-Guidance-to-120-YY-Crushing-Consensus-Expectations/)[[^]](https://www.sec.gov/Archives/edgar/data/1321655/000132165526000026/a2026q1ex991pressrelease.htm). Prior prediction markets successfully forecast Palantir's Q1 2026 customer count exceeding 960, with implied probabilities reaching 96.9%-100% [[^]](https://www.lines.com/prediction-markets/finance/palantir-of-customers-above-in-q1)[[^]](https://polymarket.com/event/palantir-of-customers-above-in-q1).

## Market Data

| Contract | Yes Bid | Yes Ask | Last Price | Volume | Open Interest |
| --- | --- | --- | --- | --- | --- |
| Above 1065 | 61% | 66% | 66% | $1,751.35 | $1,234.4 |
| Above 1075 | 28% | 33% | 29% | $71.9 | $20.18 |
| Above 1040 | 96% | 100% | 99% | $219.58 | $189.01 |
| Above 1050 | 92% | 98% | 93% | $2,076.43 | $570.56 |
| Above 1060 | 81% | 87% | 87% | $5,965.5 | $1,979.59 |
| Above 1070 | 40% | 45% | 45% | $2,901.02 | $563.88 |
| Above 1080 | 9% | 14% | 11% | $1,891.08 | $521.92 |
| Above 1090 | 6% | 12% | 12% | $3,768.41 | $1,128.05 |
| Above 1100 | 3% | 7% | 6% | $5,573.49 | $1,225.85 |

## What is the range of analyst estimates for Palantir's total customer count in Q2 2026?

Q2 2026 Customer Count Estimates | Not widely reported [[^]](https://finance.yahoo.com/markets/stocks/articles/expect-palantir-q2-2026-earnings-124258336.html)[[^]](https://investors.palantir.com/news-details/2026/Palantir-Reports-Q1-2026-U-S--Revenue-Growth-of-104-YY-and-Revenue-Growth-of-85-YY-Raises-FY-2026-Revenue-Guidance-to-71-YY-Growth-and-U-S--Comm-Revenue-Guidance-to-120-YY-Crushing-Consensus-Expectations/)[[^]](https://dailygoldalerts.com/2026/07/palantir-is-down-23-in-2026-the-august-10-number-changes-everything/) |
Q2 2026 Revenue Guidance | $1.797B–$1.801B [[^]](https://finance.yahoo.com/markets/stocks/articles/expect-palantir-q2-2026-earnings-124258336.html)[[^]](https://investors.palantir.com/news-details/2026/Palantir-Reports-Q1-2026-U-S--Revenue-Growth-of-104-YY-and-Revenue-Growth-of-85-YY-Raises-FY-2026-Revenue-Guidance-to-71-YY-Growth-and-U-S--Comm-Revenue-Guidance-to-120-YY-Crushing-Consensus-Expectations/) |
Q1 2026 Total Customer Count | 1,007 [[^]](https://finance.biggo.com/quote/PLTR/earnings-call?t=US_PLTR_2026-05-04)[[^]](https://www.theglobeandmail.com/investing/markets/stocks/PLTR/pressreleases/1698303/palantir-pltr-q1-2026-earnings-transcript/) |

**Analyst estimates for Palantir's Q2 2026 total customer count are currently unavailable**

Analyst estimates for Palantir's Q2 2026 total customer count are currently unavailable. As of July 14, 2026, there are no widely reported public analyst consensus estimates specifically for Palantir's total customer base in Q2 2026 [[^]](https://finance.yahoo.com/markets/stocks/articles/expect-palantir-q2-2026-earnings-124258336.html)[[^]](https://investors.palantir.com/news-details/2026/Palantir-Reports-Q1-2026-U-S--Revenue-Growth-of-104-YY-and-Revenue-Growth-of-85-YY-Raises-FY-2026-Revenue-Guidance-to-71-YY-Growth-and-U-S--Comm-Revenue-Guidance-to-120-YY-Crushing-Consensus-Expectations/)[[^]](https://dailygoldalerts.com/2026/07/palantir-is-down-23-in-2026-the-august-10-number-changes-everything/). Instead, analyst guidance and public information for this quarter primarily focus on financial metrics, such as revenue and adjusted income from operations [[^]](https://finance.yahoo.com/markets/stocks/articles/expect-palantir-q2-2026-earnings-124258336.html)[[^]](https://investors.palantir.com/news-details/2026/Palantir-Reports-Q1-2026-U-S--Revenue-Growth-of-104-YY-and-Revenue-Growth-of-85-YY-Raises-FY-2026-Revenue-Guidance-to-71-YY-Growth-and-U-S--Comm-Revenue-Guidance-to-120-YY-Crushing-Consensus-Expectations/). Palantir is scheduled to release its Q2 2026 earnings report on August 10, 2026 [[^]](https://dailygoldalerts.com/2026/07/palantir-is-down-23-in-2026-the-august-10-number-changes-everything/).

Palantir's Q2 2026 revenue guidance ranges up to **$1.801** billion. For the upcoming Q2 2026 earnings, analyst guidance for revenue is projected to be between **$1.797** billion and **$1.801** billion [[^]](https://finance.yahoo.com/markets/stocks/articles/expect-palantir-q2-2026-earnings-124258336.html)[[^]](https://investors.palantir.com/news-details/2026/Palantir-Reports-Q1-2026-U-S--Revenue-Growth-of-104-YY-and-Revenue-Growth-of-85-YY-Raises-FY-2026-Revenue-Guidance-to-71-YY-Growth-and-U-S--Comm-Revenue-Guidance-to-120-YY-Crushing-Consensus-Expectations/).

Palantir reported 1,007 total customers in Q1 2026. In the prior quarter, Q1 2026, the company disclosed a total customer count of 1,007, which represented a **31%** year-over-year increase and **6%** sequential growth in its customer base [[^]](https://finance.biggo.com/quote/PLTR/earnings-call?t=US_PLTR_2026-05-04)[[^]](https://www.theglobeandmail.com/investing/markets/stocks/PLTR/pressreleases/1698303/palantir-pltr-q1-2026-earnings-transcript/).

## What major new contracts or expansions related to Palantir's AI Platform (AIP) were announced in Q2 2026?

Wheels Up Contract Value | Up to $12 million over two years with a third-year option [[^]](https://investors.palantir.com/files/Palantir%20-%20Q1%202026%20Business%20Update.pdf) [[^]](https://www.businesswire.com/news/home/20260708086779/en/Palantir-Platforms-Help-Enterprises-Extend-AI-Into-Operations/\n2)[[^]](https://www.businesswire.com/news/home/20260707514163/en/Palantir-Expands-Its-Presence-in-Mexico-and-Strengthens-Its-AI-Offering-in-the-Insurance-Sector-with-GNP-Seguros/\n3)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/\n4)[[^]](https://www.businesswire.com/news/home/20260629390275/en/Palantir-Launches-Engine-for-Deploying-NVIDIA-Nemotron-Open-Models-in-Sovereign-Environments/\n5)[[^]](https://www.businesswire.com/news/home/20260625097923/en/Surf-Air-Mobility-Announces-Wheels-Up-as-Launch-Customer-for-Enterprise-BrokerOS/\n6) |
NVIDIA Strategic AI Initiative Date | June 29, 2026 [[^]](https://finance.biggo.com/quote/PLTR/earnings-call?t=US_PLTR_2026-05-04) [[^]](https://www.businesswire.com/news/home/20260708086779/en/Palantir-Platforms-Help-Enterprises-Extend-AI-Into-Operations/\n2)[[^]](https://www.businesswire.com/news/home/20260707514163/en/Palantir-Expands-Its-Presence-in-Mexico-and-Strengthens-Its-AI-Offering-in-the-Insurance-Sector-with-GNP-Seguros/\n3)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/\n4)[[^]](https://www.businesswire.com/news/home/20260629390275/en/Palantir-Launches-Engine-for-Deploying-NVIDIA-Nemotron-Open-Models-in-Sovereign-Environments/\n5)[[^]](https://www.businesswire.com/news/home/20260625097923/en/Surf-Air-Mobility-Announces-Wheels-Up-as-Launch-Customer-for-Enterprise-BrokerOS/\n6) |
McCarthy AIP Partnership Date | June 4, 2026 [[^]](https://www.businesswire.com/news/home/20260708086779/en/Palantir-Platforms-Help-Enterprises-Extend-AI-Into-Operations/\n2) [[^]](https://www.businesswire.com/news/home/20260708086779/en/Palantir-Platforms-Help-Enterprises-Extend-AI-Into-Operations/\n2)[[^]](https://www.businesswire.com/news/home/20260707514163/en/Palantir-Expands-Its-Presence-in-Mexico-and-Strengthens-Its-AI-Offering-in-the-Insurance-Sector-with-GNP-Seguros/\n3)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/\n4)[[^]](https://www.businesswire.com/news/home/20260629390275/en/Palantir-Launches-Engine-for-Deploying-NVIDIA-Nemotron-Open-Models-in-Sovereign-Environments/\n5)[[^]](https://www.businesswire.com/news/home/20260625097923/en/Surf-Air-Mobility-Announces-Wheels-Up-as-Launch-Customer-for-Enterprise-BrokerOS/\n6) |

**Palantir announced significant AIP contracts and expansions during Q2 2026**

Palantir announced significant AIP contracts and expansions during Q2 2026. Palantir unveiled several significant new contracts and partnership expansions related to its AI Platform (AIP) during Q2 2026, as detailed in company and partner releases [[^]](https://www.businesswire.com/news/home/20260708086779/en/Palantir-Platforms-Help-Enterprises-Extend-AI-Into-Operations/\n2)[[^]](https://www.businesswire.com/news/home/20260707514163/en/Palantir-Expands-Its-Presence-in-Mexico-and-Strengthens-Its-AI-Offering-in-the-Insurance-Sector-with-GNP-Seguros/\n3)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/\n4)[[^]](https://www.businesswire.com/news/home/20260629390275/en/Palantir-Launches-Engine-for-Deploying-NVIDIA-Nemotron-Open-Models-in-Sovereign-Environments/\n5)[[^]](https://www.businesswire.com/news/home/20260625097923/en/Surf-Air-Mobility-Announces-Wheels-Up-as-Launch-Customer-for-Enterprise-BrokerOS/\n6). These collaborations spanned various sectors, involving key partners such as Surf Air Mobility, NVIDIA, McCarthy, and Kirkland & Ellis, demonstrating a broad application and adoption of Palantir's AI capabilities [[^]](https://www.businesswire.com/news/home/20260708086779/en/Palantir-Platforms-Help-Enterprises-Extend-AI-Into-Operations/\n2)[[^]](https://www.businesswire.com/news/home/20260707514163/en/Palantir-Expands-Its-Presence-in-Mexico-and-Strengthens-Its-AI-Offering-in-the-Insurance-Sector-with-GNP-Seguros/\n3)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/\n4)[[^]](https://www.businesswire.com/news/home/20260629390275/en/Palantir-Launches-Engine-for-Deploying-NVIDIA-Nemotron-Open-Models-in-Sovereign-Environments/\n5)[[^]](https://www.businesswire.com/news/home/20260625097923/en/Surf-Air-Mobility-Announces-Wheels-Up-as-Launch-Customer-for-Enterprise-BrokerOS/\n6). Towards the end of the quarter, on June 29, 2026, Palantir expanded its partnership with Surf Air Mobility to accelerate OperatorOS, OwnerOS, and SurfOS Enterprise Solutions, integrating AIP agents across SurfOS products [[^]](https://www.fool.com/earnings/call-transcripts/2026/05/04/palantir-pltr-q1-2026-earnings-transcript/) [[^]](https://www.businesswire.com/news/home/20260708086779/en/Palantir-Platforms-Help-Enterprises-Extend-AI-Into-Operations/\n2)[[^]](https://www.businesswire.com/news/home/20260707514163/en/Palantir-Expands-Its-Presence-in-Mexico-and-Strengthens-Its-AI-Offering-in-the-Insurance-Sector-with-GNP-Seguros/\n3)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/\n4)[[^]](https://www.businesswire.com/news/home/20260629390275/en/Palantir-Launches-Engine-for-Deploying-NVIDIA-Nemotron-Open-Models-in-Sovereign-Environments/\n5)[[^]](https://www.businesswire.com/news/home/20260625097923/en/Surf-Air-Mobility-Announces-Wheels-Up-as-Launch-Customer-for-Enterprise-BrokerOS/\n6). On the same day, Palantir unveiled an intelligent engine designed for deploying NVIDIA Nemotron open models in sovereign environments, utilizing AIP, Ontology, Foundry, and Apollo for government and critical infrastructure clients [[^]](https://finance.biggo.com/quote/PLTR/earnings-call?t=US_PLTR_2026-05-04) [[^]](https://www.businesswire.com/news/home/20260708086779/en/Palantir-Platforms-Help-Enterprises-Extend-AI-Into-Operations/\n2)[[^]](https://www.businesswire.com/news/home/20260707514163/en/Palantir-Expands-Its-Presence-in-Mexico-and-Strengthens-Its-AI-Offering-in-the-Insurance-Sector-with-GNP-Seguros/\n3)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/\n4)[[^]](https://www.businesswire.com/news/home/20260629390275/en/Palantir-Launches-Engine-for-Deploying-NVIDIA-Nemotron-Open-Models-in-Sovereign-Environments/\n5)[[^]](https://www.businesswire.com/news/home/20260625097923/en/Surf-Air-Mobility-Announces-Wheels-Up-as-Launch-Customer-for-Enterprise-BrokerOS/\n6). A notable financial detail was Surf Air Mobility's announcement on June 25, 2026, identifying Wheels Up as the launch customer for Enterprise BrokerOS, powered by Palantir’s AIP and Foundry, with a contract worth up to **$12** million in subscription fees over an initial two-year term, plus an optional third year [[^]](https://investors.palantir.com/files/Palantir%20-%20Q1%**202026%**20Business%20Update.pdf) [[^]](https://www.businesswire.com/news/home/20260708086779/en/Palantir-Platforms-Help-Enterprises-Extend-AI-Into-Operations/\n2)[[^]](https://www.businesswire.com/news/home/20260707514163/en/Palantir-Expands-Its-Presence-in-Mexico-and-Strengthens-Its-AI-Offering-in-the-Insurance-Sector-with-GNP-Seguros/\n3)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/\n4)[[^]](https://www.businesswire.com/news/home/20260629390275/en/Palantir-Launches-Engine-for-Deploying-NVIDIA-Nemotron-Open-Models-in-Sovereign-Environments/\n5)[[^]](https://www.businesswire.com/news/home/20260625097923/en/Surf-Air-Mobility-Announces-Wheels-Up-as-Launch-Customer-for-Enterprise-BrokerOS/\n6).

Earlier in Q2, Palantir secured additional strategic partnerships. Earlier in Q2 2026, Palantir also secured other strategic partnerships. On June 4, 2026, McCarthy announced a collaboration to leverage AIP in developing an AI operating system for construction workflows, covering critical areas like field execution and estimating [[^]](https://www.businesswire.com/news/home/20260708086779/en/Palantir-Platforms-Help-Enterprises-Extend-AI-Into-Operations/\n2) [[^]](https://www.businesswire.com/news/home/20260708086779/en/Palantir-Platforms-Help-Enterprises-Extend-AI-Into-Operations/\n2)[[^]](https://www.businesswire.com/news/home/20260707514163/en/Palantir-Expands-Its-Presence-in-Mexico-and-Strengthens-Its-AI-Offering-in-the-Insurance-Sector-with-GNP-Seguros/\n3)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/\n4)[[^]](https://www.businesswire.com/news/home/20260629390275/en/Palantir-Launches-Engine-for-Deploying-NVIDIA-Nemotron-Open-Models-in-Sovereign-Environments/\n5)[[^]](https://www.businesswire.com/news/home/20260625097923/en/Surf-Air-Mobility-Announces-Wheels-Up-as-Launch-Customer-for-Enterprise-BrokerOS/\n6). Concurrently, Palantir and Kirkland & Ellis launched a proprietary enterprise platform for private equity fundraising, signifying an expansion of their multiyear partnership through AIP [[^]](https://www.businesswire.com/news/home/20260707514163/en/Palantir-Expands-Its-Presence-in-Mexico-and-Strengthens-Its-AI-Offering-in-the-Insurance-Sector-with-GNP-Seguros/\n3) [[^]](https://www.businesswire.com/news/home/20260708086779/en/Palantir-Platforms-Help-Enterprises-Extend-AI-Into-Operations/\n2)[[^]](https://www.businesswire.com/news/home/20260707514163/en/Palantir-Expands-Its-Presence-in-Mexico-and-Strengthens-Its-AI-Offering-in-the-Insurance-Sector-with-GNP-Seguros/\n3)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/\n4)[[^]](https://www.businesswire.com/news/home/20260629390275/en/Palantir-Launches-Engine-for-Deploying-NVIDIA-Nemotron-Open-Models-in-Sovereign-Environments/\n5)[[^]](https://www.businesswire.com/news/home/20260625097923/en/Surf-Air-Mobility-Announces-Wheels-Up-as-Launch-Customer-for-Enterprise-BrokerOS/\n6). Additionally, on June 22, 2026, the Army established the NGC2 common data layer baseline on Foundry, which is set to support future AI-enabled mission capabilities and enable scaling across the Army [[^]](https://www.sec.gov/Archives/edgar/data/1321655/000132165526000026/a2026q1ex991pressrelease.htm) [[^]](https://www.businesswire.com/news/home/20260708086779/en/Palantir-Platforms-Help-Enterprises-Extend-AI-Into-Operations/\n2)[[^]](https://www.businesswire.com/news/home/20260707514163/en/Palantir-Expands-Its-Presence-in-Mexico-and-Strengthens-Its-AI-Offering-in-the-Insurance-Sector-with-GNP-Seguros/\n3)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/)[[^]](https://www.businesswire.com/news/home/20260629839600/en/Palantir-and-Surf-Air-Mobility-Expand-Partnership-to-Accelerate-Commercialization-of-OperatorOS-OwnerOS-and-Enterprise-Products/\n4)[[^]](https://www.businesswire.com/news/home/20260629390275/en/Palantir-Launches-Engine-for-Deploying-NVIDIA-Nemotron-Open-Models-in-Sovereign-Environments/\n5)[[^]](https://www.businesswire.com/news/home/20260625097923/en/Surf-Air-Mobility-Announces-Wheels-Up-as-Launch-Customer-for-Enterprise-BrokerOS/\n6).

## How does Palantir's recent customer growth rate compare to that of key data platform competitor Snowflake?

Palantir Total Customer Count YoY Increase | 31% (Q1 2026) [[^]](https://sergeycyw.substack.com/p/palantir-duolingo-shopify-earnings)[[^]](https://www.theglobeandmail.com/investing/markets/stocks/PLTR/pressreleases/1698303/palantir-pltr-q1-2026-earnings-transcript/) |
Snowflake Net New Customers Added | 616 (Q1 CY2026) [[^]](https://www.barchart.com/story/news/2197151/palantir-vs-snowflake-only-1-ai-software-stock-looks-strong-for-the-next-decade)[[^]](https://stockstory.org/us/stocks/nyse/snow/news/earnings/snowflake-nysesnow-exceeds-q1-cy2026-expectations-stock-jumps-291percent) |
Palantir Revenue Growth YoY | 85% (Q1 2026) [[^]](https://www.edgen.tech/article/pltr-stock-analysis-aip-is-turning-palantir-into-a-software-monopoly)[[^]](https://www.tradingkey.com/analysis/stocks/us-stocks/262006210-palantir-stock-pltr-bullish-ai-snowflake-servicenow-tradingkey) |

**Palantir demonstrated strong customer and revenue growth in Q1 2026**

Palantir demonstrated strong customer and revenue growth in Q1 2026. The company reported a total customer count of 1,007, reflecting a **31%** year-over-year increase and **6%** sequential growth during the quarter [[^]](https://sergeycyw.substack.com/p/palantir-duolingo-shopify-earnings)[[^]](https://www.theglobeandmail.com/investing/markets/stocks/PLTR/pressreleases/1698303/palantir-pltr-q1-2026-earnings-transcript/). Specifically, its U.S. commercial customer count reached 615, growing **42%** year-over-year and **8%** sequentially [[^]](https://sergeycyw.substack.com/p/palantir-duolingo-shopify-earnings)[[^]](https://www.theglobeandmail.com/investing/markets/stocks/PLTR/pressreleases/1698303/palantir-pltr-q1-2026-earnings-transcript/). Palantir's overall revenue growth for Q1 2026 stood at **85%** year-over-year, substantially exceeding Snowflake's revenue performance [[^]](https://www.edgen.tech/article/pltr-stock-analysis-aip-is-turning-palantir-into-a-software-monopoly)[[^]](https://www.tradingkey.com/analysis/stocks/us-stocks/262006210-palantir-stock-pltr-bullish-ai-snowflake-servicenow-tradingkey).

Snowflake added new customers, showing distinct growth and business models. In Q1 CY2026, Snowflake reported adding 616 net new customers [[^]](https://www.barchart.com/story/news/2197151/palantir-vs-snowflake-only-1-ai-software-stock-looks-strong-for-the-next-decade)[[^]](https://stockstory.org/us/stocks/nyse/snow/news/earnings/snowflake-nysesnow-exceeds-q1-cy2026-expectations-stock-jumps-291percent). However, specific year-over-year or sequential percentage growth for its total customer count was not detailed in the available information, unlike Palantir [[^]](https://www.barchart.com/story/news/2197151/palantir-vs-snowflake-only-1-ai-software-stock-looks-strong-for-the-next-decade)[[^]](https://stockstory.org/us/stocks/nyse/snow/news/earnings/snowflake-nysesnow-exceeds-q1-cy2026-expectations-stock-jumps-291percent). Snowflake's revenue growth for the same period was **33.5%** year-over-year [[^]](https://www.barchart.com/story/news/2197151/palantir-vs-snowflake-only-1-ai-software-stock-looks-strong-for-the-next-decade)[[^]](https://stockstory.org/us/stocks/nyse/snow/news/earnings/snowflake-nysesnow-exceeds-q1-cy2026-expectations-stock-jumps-291percent). This comparison highlights different growth trajectories and underlying business models between the two companies [[^]](https://www.edgen.tech/article/pltr-stock-analysis-aip-is-turning-palantir-into-a-software-monopoly)[[^]](https://www.tradingkey.com/analysis/stocks/us-stocks/262006210-palantir-stock-pltr-bullish-ai-snowflake-servicenow-tradingkey).

## What has been the historical trend in Palantir's government versus commercial customer count leading into Q2 2026?

Total Customer Count | 1,007 (Q1 2026) [[^]](https://www.theglobeandmail.com/investing/markets/stocks/PLTR/pressreleases/1698303/palantir-pltr-q1-2026-earnings-transcript/)[[^]](https://finance.biggo.com/quote/PLTR/earnings-call?t=US_PLTR_2026-05-04) |
U.S. Commercial Customers | 615 (Q1 2026) [[^]](https://www.theglobeandmail.com/investing/markets/stocks/PLTR/pressreleases/1698303/palantir-pltr-q1-2026-earnings-transcript/)[[^]](https://finance.biggo.com/quote/PLTR/earnings-call?t=US_PLTR_2026-05-04) |
U.S. Commercial Customer Growth YOY | 42% (Q1 2026) [[^]](https://www.theglobeandmail.com/investing/markets/stocks/PLTR/pressreleases/1698303/palantir-pltr-q1-2026-earnings-transcript/) |

**Palantir's customer base is shifting from government to commercial**

Palantir's customer base is shifting from government to commercial. Historically, government contracts were the primary driver of Palantir's customer growth [[^]](https://www.trefis.com/data/companies/PLTR?from=PLTR-2026-07-10&mod=ctx_end_performanceofitsuscommer)[[^]](https://www.sec.gov/Archives/edgar/data/1321655/000132165525000022/pltr-20241231.htm). However, a notable recent trend indicates a clear shift towards commercial expansion, particularly within the U.S. commercial segment [[^]](https://www.trefis.com/data/companies/PLTR?from=PLTR-2026-07-10&mod=ctx_end_performanceofitsuscommer). As of Q1 2026, the company reported a total of 1,007 customers, with 615 of these being U.S. commercial customers [[^]](https://www.theglobeandmail.com/investing/markets/stocks/PLTR/pressreleases/1698303/palantir-pltr-q1-2026-earnings-transcript/)[[^]](https://finance.biggo.com/quote/PLTR/earnings-call?t=US_PLTR_2026-05-04).

Commercial growth, particularly U.S., now drives customer acquisition. The U.S. commercial segment is currently leading in new customer acquisition for Palantir [[^]](https://www.trefis.com/data/companies/PLTR?from=PLTR-2026-07-10&mod=ctx_end_performanceofitsuscommer). In Q1 2026, U.S. commercial customers demonstrated significant growth, with a **42%** year-over-year increase and an **8%** sequential rise. During the same period, Palantir's total customer count grew by **31%** year-over-year and **6%** sequentially [[^]](https://www.theglobeandmail.com/investing/markets/stocks/PLTR/pressreleases/1698303/palantir-pltr-q1-2026-earnings-transcript/)[[^]](https://finance.biggo.com/quote/PLTR/earnings-call?t=US_PLTR_2026-05-04). This data reflects a strong move towards commercial clientele, altering the historical composition of Palantir's customer base.

## Based on macroeconomic indicators from Q2 2026, what is the outlook for enterprise IT and data analytics spending?

Projected GDP Growth | 2.0% to 2.2% (Q2 2026) [[^]](https://www.spglobal.com/ratings/en/regulatory/article/economic-outlook-us-q2-2026-curb-your-enthusiasm-s101676533)[[^]](https://www.allianz.com/content/dam/onemarketing/azcom/Allianz_com/economic-research/publications/specials/en/2026/july/2026-07-08-Economic-outlook-AZ.pdf)[[^]](https://www.deloitte.com/us/en/insights/topics/economy/us-economic-forecast/united-states-outlook-analysis.html)[[^]](https://economics.td.com/us-quarterly-economic-forecast)[[^]](https://www.usbank.com/corporate-and-commercial-banking/insights/economy/outlook/monthly.html)[[^]](https://www.jpmorgan.com/content/dam/jpmorgan/documents/wealth-management/mid-year-outlook-2026.pdf) |
2026 Hyperscaler CapEx | ~$760 billion [[^]](https://brendanhart.com/reports/2026-outlook) |
Palantir Q2 2026 Customer Forecast | Above 1020 [[^]](https://simplefunctions.dev/odds/pltr) |

**Macroeconomic indicators suggest slowing growth but strong IT spending**

Macroeconomic indicators suggest slowing growth but strong IT spending. For Q2 2026, broader macroeconomic indicators point to a period characterized by slowing growth, inflationary pressures, and varied economic performance, with GDP growth anticipated to be between **2.0%** and **2.2%** for the year [[^]](https://www.spglobal.com/ratings/en/regulatory/article/economic-outlook-us-q2-2026-curb-your-enthusiasm-s101676533)[[^]](https://www.allianz.com/content/dam/onemarketing/azcom/Allianz_com/economic-research/publications/specials/en/2026/july/2026-07-08-Economic-outlook-AZ.pdf)[[^]](https://www.deloitte.com/us/en/insights/topics/economy/us-economic-forecast/united-states-outlook-analysis.html)[[^]](https://economics.td.com/us-quarterly-economic-forecast)[[^]](https://www.usbank.com/corporate-and-commercial-banking/insights/economy/outlook/monthly.html)[[^]](https://www.jpmorgan.com/content/dam/jpmorgan/documents/wealth-management/mid-year-outlook-2026.pdf). Despite these overarching economic challenges, enterprise IT and data analytics spending, particularly within AI-related sectors, is forecast to remain robust [[^]](https://brendanhart.com/reports/2026-outlook).

AI infrastructure drives significant enterprise IT investment despite broader economic shifts. A substantial 'compute super-cycle', propelled by artificial intelligence infrastructure, continues to be a dominant factor in enterprise IT spending. Major hyperscaler capital expenditures are projected to reach approximately **$760** billion in 2026 [[^]](https://brendanhart.com/reports/2026-outlook). This considerable investment sustains a robust demand for AI-driven analytics and data infrastructure, even as other fixed investments, such as residential construction, may experience plateaus or declines [[^]](https://www.youtube.com/watch?v=Zfzoy3R7vjU). However, enterprises are increasingly prioritizing return on investment (ROI), a factor that could potentially moderate certain spending decisions [[^]](https://www.youtube.com/watch?v=Y3VrHUV4R0g)[[^]](https://www.youtube.com/watch?v=PHL1j2ti420).

Palantir Technologies is projected to significantly increase its customer base. As of July 2026, prediction markets indicate a high **confidence** level of **95%** that Palantir Technologies will report a total customer count exceeding 1020 for the Q2 2026 period [[^]](https://simplefunctions.dev/odds/pltr).

## What Could Change the Odds

**Palantir Technologies is scheduled to release its second quarter 2026 financial results on Monday, August 3, 2026 [[^]](https://www.barchart.com/story/news/3260036/palantir-announces-date-of-second-quarter-2026-earnings-release-and-webcast)[[^]](https://www.stocktitan.net/news/PLTR/palantir-announces-date-of-second-quarter-2026-earnings-release-and-pb0p9gl5pf2d.html)[[^]](https://www.wallstreethorizon.com/palantir-earnings-calendar)[[^]](https://www.marketbeat.com/stocks/NASDAQ/PLTR/earnings/)[[^]](https://www.zacks.com/stock/research/PLTR/earnings-calendar).** The company's Q2 2026 guidance projects revenue between **$1.797** billion and **$1.801** billion, with adjusted income from operations expected between **$1.063** billion and **$1.067** billion [[^]](https://investors.palantir.com/news-details/2026/Palantir-Reports-Q1-2026-U-S--Revenue-Growth-of-104-YY-and-Revenue-Growth-of-85-YY-Raises-FY-2026-Revenue-Guidance-to-71-YY-Growth-and-U-S--Comm-Revenue-Guidance-to-120-YY-Crushing-Consensus-Expectations/)[[^]](https://www.sec.gov/Archives/edgar/data/1321655/000132165526000026/a2026q1ex991pressrelease.htm)[[^]](https://finance.biggo.com/quote/PLTR/earnings-call?t=US_PLTR_2026-05-04). Palantir reported 1,007 total customers in Q1 2026, representing **31%** year-over-year growth [[^]](https://finance.biggo.com/quote/PLTR/earnings-call?t=US_PLTR_2026-05-04). Q2 total customer figures remain undisclosed and will be included in the upcoming August 3rd report [[^]](https://finance.biggo.com/quote/PLTR/earnings-call?t=US_PLTR_2026-05-04).

**Bullish catalysts for Palantir include sustained high growth in U.S.** commercial revenue, strong AI platform (AIP) adoption, and a top-tier Rule of 40 score [[^]](https://greytastudio.com/article/should-you-buy-palantir-stock-at-152-a-deep-dive-into-the-bull-bear-and-hold-cases)[[^]](https://www.tradingkey.com/analysis/stocks/us-stocks/262012692-palantir-pltr-stock-forecast-2026-aip-revenue-growth-tradingkey). Conversely, bearish catalysts involve concerns over high valuation multiples (high P/E and price/sales ratios), potential for deal slippage, high stock-based compensation, and reliance on government contracts [[^]](https://greytastudio.com/article/should-you-buy-palantir-stock-at-152-a-deep-dive-into-the-bull-bear-and-hold-cases).

## Key Dates & Catalysts

- **Expiration:** September 02, 2026
- **Closes:** September 02, 2026

## Decision-Flipping Events

- Palantir Technologies is scheduled to release its second quarter 2026 financial results on Monday, August 3, 2026 [^] [^] [^] [^] [^] .
- The company's Q2 2026 guidance projects revenue between **$1.797** billion and **$1.801** billion, with adjusted income from operations expected between **$1.063** billion and **$1.067** billion [^] [^] [^] .
- Palantir reported 1,007 total customers in Q1 2026, representing **31%** year-over-year growth [^] .
- Q2 total customer figures remain undisclosed and will be included in the upcoming August 3rd report [^] .

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