Palpita forficifera Munroe (Lepidoptera: Crambidae) is the principal pest in olive groves in Brazil and Uruguay, damaging buds and fruits. Therefore, this work was undertaken to understand the biology of P. forficifera at different temperatures, to determine thermal requirements, and to estimate the number of annual generations in different olive groves located in Brazil and Uruguay. The study was performed at 10, 15, 20, 25, 30, and 35 °C, 60 ± 10% RH, and a 14:10 h (L:D) photoperiod. The duration and survival stages of development, sex ratio, fecundity, and fertility were determined, and we elaborated the fertility life table at different temperatures. We also determined the thermal requirements, and the number of annual generations in olive producing areas were estimated. All immature stages of P. forficifera were affected negatively by the temperature at 10 and 35 °C, whereas 25 and 30 °C provided the shortest egg-to-adult periods. However, larval viability was affected at 30 °C (48.7%). Highest fecundity (325.5 eggs) was found for P. forficifera females kept at 25 °C. Additionally, the highest net reproduction rates (R_o) and intrinsic population growth rates (R_m) were verified at 25 and 30 °C. Lower thermal threshold (Tb) and thermal constant (K) for the egg-to-adult period were 10.7 °C and 549.45 degree-d, respectively. Based on the thermal requirements, P. forficifera can produce 4.0 to 6.3 generations per yr in the olive producing regions of Brazil and Uruguay. Results of the present study are important for understanding the occurrence of P. forficifera under field conditions and to aid strategic management designs.