“And we continue to expect GAAP operating income and net income in each quarter of this year.”

In context

“in adjusted free cash flow, representing margins of 55% and 57%, respectively. We ended the quarter with $8 billion in cash, cash equivalents, and short-term U.S. Treasury securities. Now turning to our outlook. For Q2 2026, we expect revenue of between $1.797 billion and $1.801 billion and adjusted income from operations of between $1.063 billion and $1.067 billion. For full year 2026, we are raising our revenue guidance to between $7.65 billion and $7.662 billion. We are raising our U.S. Commercial revenue guidance to in excess of $3.224 billion, representing a growth rate of at least 120%. We are raising our Adjusted Income from Operations guidance to between $4.44 billion and $4.452 billion. We are raising our adjusted free cash flow guidance to between $4.2 billion and $4.4 billion. And we continue to expect GAAP operating income and net income in each quarter of this year. With that, I will turn it over to Alex for a few remarks, and then Ana will kick off the Q&A. Alexander C. Karp: Well, welcome to yet another exciting earnings call. With these numbers, the ones that leap out to everyone are the over 100% growth in the U.S., the Rule of 145, the 85% growth in the U.S., and guiding to 71%, and just the underlying dynamics of that. You would think that the most interesting thing is just the truly n-of-one nature of these numbers. And in fact, it is pretty fascinating, especially to people who doubted that we would get this far. But I think the most important thing about our earnings is it establishes beyond a doubt that while over the history of Palantir Technologies Inc., we focused on things that actually transform the world, the current environment is ac”