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Matt Phillips

Palantir beats on earnings and revenue, raises guidance

Palantir reported Q1 sales and EPS 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. $605 million consensus expectation of 7 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 to $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. 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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Paige Oamek

Duolingo tumbles despite better than expected Q1 results

Traders are crying foul over the green owl.

Duolingo posted better than expected first quarter results, calling it an "outstanding start to the year.”

But the market seems to disagree, with shares down more than 10% in after-hours trading.

Here are the Q1 details:

  • Revenue of $292 million (estimate: $288.5 million).

  • Adjusted EBITDA of $83.4 million (estimate: $73.5 million)

  • Daily active users 56.5 million (estimate: 55.7 million). 

  • Paid subscribers 12.5 million (estimate: 12.7 million)

The company also boosted its full-year adjusted EBITDA guidance to $310 million from a prior range of $299 million to $305 million, and solidified its revenue outlook to $1.21 billion, the midpoint of its previous range.

Q1’s top and bottom line beats are larger than the changes to full-year guidance. This may be Duolingo’s way of keeping expectations low, but on the surface it could be viewed as a sign that the good news for 2026 is already in the rear-view mirror.

The language learning app hit all time highs more than a year ago and has been in free fall ever since, losing over 75% of its value as investors grapple with the effects of artificial intelligence on the foreign language business.

Duolingo’s user growth slowed meaningfully in recent quarters, and has been decelerating for years. The company blamed some of this on choosing to forgo some of its unhinged social media posting, trading off user growth for a more positive experience. Whatever the reason, the slowing in user growth continued in Q1, with the app showing a 21.2% increase in daily active users compared to 2025. The deceleration was softer than feared, however, outperforming its guidance and the Street’s call.

Going forward, CEO and co-founder Luis von Ahn sees room to expand in some areas that might seem a little far afield for a language learning app, until you remember how gamified nearly every app experience is these days.

“We are moving quickly to prioritize the product and free user experience, while also investing in our next engines of growth, like chess, math, and music. We have conviction this is ultimately what will make us a larger and more durable company,” he wrote.

markets
Paige Oamek

Pinterest spikes after delivering impressive Q1 results, with fastest sales growth since Q2 2024

Pinterest’s nascent comeback gained traction on Monday as the company reported better-than-expected Q1 results.

After sinking double digits following each of its past three earnings reports, the social media company looks poised to snap that inauspicious streak, with shares jumping 20% in postmarket trading.

Here are the Q1 numbers: 

  • Revenue of $1.01 billion (versus a consensus estimate of $965.7 million and guidance for $958 million to $978 million).

  • Adjusted EBITDA of $206.5 million (estimate: $176.7 million, guidance for $163 million to $183 million).

  • Monthly active users of 631 million (estimate: 630.5 million).

Guidance for Q2 was modestly ahead of estimates:

  • Revenue in a range of $1.13 billion to $1.15 billion (estimate: $1.12 billion).

  • Adjusted EBITDA in a range of $256 million to $276 million (estimate: $264.8 million).

The stock had lost 40% of its value over the past six months as investors scrutinized the headwinds from tariffs and chatbots — worries that are seemingly being assuaged by these results.

Considering the vibe curation company’s recent track record, the bar had been slightly lowered for Q1: in its guidance for the first quarter of the year, the company said it expected Pinterest to grow between 11% and 14% year over year, already a few ticks downward from the 16% growth the company saw in 2025. 

In the first part of the year, Pinterest actually enjoyed revenue growth of nearly 18%, its strongest pace since Q2 2024.

“As we continue building an AI-powered ads platform that delivers performance for advertisers, we remain focused on ensuring monetization more fully reflects the strength of our engagement,” said CEO Bill Ready.

The company’s attempted open-source AI pivot may be starting to show signs of paying off for investors. 

markets
Max Knoblauch

Paramount beats Q1 earnings estimates, maintains full-year revenue guidance

Paramount delivered its first-quarter results after the bell on Monday. Shares of the entertainment company rose about 5% in after-hours trading.

For Q1, Paramount reported:

  • Adjusted earnings of $0.23 per share, compared to Wall Street estimates of $0.15 per share from analysts polled by FactSet.

  • Revenue of $7.35 billion, compared to a $7.28 billion estimate.

  • 79.6 million Paramount+ subscribers, compared to the 79.9 million consensus.

Looking ahead, the company said it expects Q2 revenue of between $6.75 billion and $7.95 billion, compared with the $7.07 billion Wall Street consensus forecast. The company maintained its full-year revenue guidance of $30 billion.

Q1 marks the company’s first earnings report since winning the bidding war for Warner Bros. Discovery in late February. As of Monday afternoon Eastern time, prediction markets speculating on which company will ultimately come out on top of the bidding war have Paramount at a 77% chance, compared to 17% for “none.”

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

The megadeal still faces some hurdles, including significant opposition from notable entertainment workers and potential antitrust challenges on the federal or state level. Last week, a group of subscribers sued to block the deal on antitrust grounds.

Tasha Matsumoto
52m
Stocks fall from records amid Iran war escalations

Energy was the only sector to close higher amid rising oil prices.

Alaskan Brown Bears (Ursus horribilis) fighting in a river
markets
Max Knoblauch

Take-Two climbs on BofA note that “GTA 6” will likely come out with an $80 price tag

“Grand Theft Auto VI,” Take-Two’s hotly anticipated sixth installment in its “Grand Theft Auto” franchise, will likely release at an $80 price point, according to a new Bank of America note.

After attending the Entertainment Software Association’s iicon event last month, BofA wrote, “What we heard leads us to believe GTA 6 will cost $80, rather than our previously assumed $70 per unit.”

Shares of Take-Two are up about 4% on Monday, good enough for one of its biggest trading days of 2026. The stock is still down about 12% year to date.

An $80 price for the year’s biggest game would further usher in the higher industry price ceiling, which climbed to $70 around 2020 following roughly 15 years at the $60 level. Nintendo’s “Mario Kart World” was the first to test the $80 price tag last year, though its effectiveness as a trial might be limited since the game was bundled with the Switch 2 console.

Given the demand for “GTA 6,” a follow-up 13 years in the making, industry rumors have speculated that its launch price could be as high as $100.

Investors will be closely watching Take-Two’s earnings call later this month for any official “GTA” pricing information and confirmation of its November release date.

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