Palantir Technologies raised its full-year 2026 revenue guidance after reporting first-quarter revenue of US$1.63 billion and net income of US$870.53 million in May 2026. The company said it now expects revenue between US$7.65 billion and US$7.66 billion for the year and confirmed it expects GAAP profitability in every quarter.

The update came as Palantir headed toward its 2026 annual meeting with more shareholder pressure on social issues. Investor Advocates for Social Justice backed a proposal from the Congregation of the Sisters of Saint Joseph of Peace calling for a Human Rights Impact Assessment, a sign that investors are still pushing the company to explain how its software is used.

That tension sits beside a much bigger financial picture. Palantir has been projecting US$10.8 billion in revenue and US$3.6 billion in earnings by 2028, a path that would require 40.7% annual revenue growth and about US$2.5 billion in added earnings from US$1.1 billion today. Some analysts are assuming a slower climb to about US$10.0 billion in revenue and US$2.8 billion in earnings by 2028.

The company’s forecasts were also said to imply a $185.70 fair value, about 39% above the current price. But the near-term risk is not just execution. The bigger question hanging over Palantir is whether legal, regulatory or reputational concerns around its government and defense work could start to limit future contracts, even as the business keeps posting stronger numbers.

For now, the answer is mixed: Palantir is growing fast, profitable and raising guidance, but the push for a Human Rights Impact Assessment shows that the debate over what its software is used for is not going away before the annual meeting.