Palantir
What matters nowUpdated 11 h ago
- Palantir said on October 12, 2026 that it will release third-quarter 2026 results after the US market close on Monday, November 2, with a webcast at 5:00 p.m. ET, and shareholders can submit and vote on questions ahead of the call 1.
- Shares rose 5.11% to $208.74 on October 9, the day after Goldman Sachs upgraded the stock to Buy with a $230 price target 2, and Barclays had started coverage at Overweight with a $265 target just after the close on October 8 3; the exchange close that day was a record $209.05 4. The S&P 500 rose 0.47% on October 9, so part of that move was market-wide.
- PLTR was quoted at $208.08 at 11:52 UTC on October 13, down 0.24% from a prior close of $208.58, on pooled 24/7 venue prices.
- Fundamentals as of June 30, 2026 show trailing-twelve-month revenue of $6.16 billion, up 78.9% year over year, a 49.0% net margin and EPS of $1.16, with the stock at 179.4 times trailing earnings and 81.2 times sales on a market capitalization of about $500.0 billion; Q2 revenue grew 93% 2.
- Insiders sold 1.73 million shares worth $255.3 million across 23 sales in the last 180 days, with 22 of those sales marked as planned, and bought none.
- Polymarket odds give a 68% chance that PLTR hits $216 in October 2026, 31% for $228 and 20.7% for $234, all resolving on November 1, 2026, ahead of the November 2 earnings report.
StockTitan (Palantir Business Wire release) · Oct 12
TIKR · Oct 8
Mitrade · Oct 8
TIKR · Oct 9
Palantir builds software platforms that turn an organization's data into operational decisions: Foundry for commercial and enterprise use, Gotham for government and defense, and AIP, which puts large language models to work on that data. Its customers are governments, defense agencies and large companies. Full-year 2025 revenue was $4.475 billion, up 56%, and Q2 2026 revenue was $1.935 billion, up 93%.
How it makes money
Palantir sells multi-year software subscriptions and platform licenses, mostly to government agencies and large enterprises, and it sells deployment and engineering services alongside them. Contracts are often expanded from pilots into larger enterprise agreements. Revenue is reported in two views: US government and US commercial, with international as the remainder. Adjusted operating margin was 62% in Q2 2026.
Last 12 monthsChart & venues →
Valuation & fundamentalsFull financials →
TTM through 2026-06-30 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price. Quarterly statements →
Biggest businessesAll products & projects →
Palantir platform (company revenue)
Q2 2026 revenue $1.935B (+93%); FY2026 revenue guidance raised to $8.150-8.158B from $7.650-7.662B in May.
Next: Q3 2026 results (estimated date) · 2026-11-02
AIP (Artificial Intelligence Platform)
Q2 2026 US commercial TCV $2.132B (+153%); the main driver of commercial bookings.
Foundry
Core data and operations platform for commercial customers; Palantir does not report Foundry revenue separately.
Gotham
Q2 2026 US government revenue $809M (+90%); FY2025 US government revenue $1.855B (+55%).
Latest newsAll news →
Palantir sets Q3 2026 results for Monday, November 2 with 5 p.m. ET webcast
Palantir announced on October 12, 2026 that it will release third-quarter 2026 results after the close of US markets on Monday, November 2.
Palantir closes at record $209.05 on Friday, up 5.2%, after Barclays initiation
Palantir shares rose 5.17% to a record close of $209.05 on Friday, October 9, 2026, above the prior high of $207.18 set in November 2025.
Goldman Sachs upgrades Palantir to Buy with $230 price target
Goldman Sachs moved Palantir from Neutral to Buy on October 8, 2026 and set a 12-month price target of $230.
Barclays initiates Palantir at Overweight with $265 target after Thursday close
Barclays initiated coverage of Palantir at Overweight with a $265 price target, with analyst Anthony Valentini, just after the close on Thursday, October 8, 2026.
Claude Opus 5.5 and Claude Sonnet 5 become available in Palantir AIP for UK enrollments
On October 6, 2026 Palantir made Claude Opus 5.5 and Claude Sonnet 5 available in AIP for UK-georestricted enrollments that have Claude through AWS Bedrock enabled.
Palantir Pipeline Builder Faster pipelines can now read and write Iceberg tables
From October 1, 2026 Faster pipelines in Palantir Pipeline Builder can read and write Foundry Iceberg tables, including encrypted ones.
Products & businesses
Palantir platform (company revenue)
Q2 2026 revenue $1.935B (+93%); FY2026 revenue guidance raised to $8.150-8.158B from $7.650-7.662B in May.
Next: Q3 2026 results (estimated date) · 2026-11-02
AIP (Artificial Intelligence Platform)
Q2 2026 US commercial TCV $2.132B (+153%); the main driver of commercial bookings.
Foundry
Core data and operations platform for commercial customers; Palantir does not report Foundry revenue separately.
Gotham
Q2 2026 US government revenue $809M (+90%); FY2025 US government revenue $1.855B (+55%).
US Army enterprise agreement
Ten-year enterprise agreement with a $10 billion ceiling, announced July 2025; a ceiling, not committed spending.
Maven Smart System
Contract ceiling raised to nearly $1.3B through 2029 (May 2025); Pentagon says users passed 100,000 in 2026.
TITAN (Army ground station)
Army awarded Palantir a $127M TITAN production order on Sept 1, 2026; Anduril received $65M of the $192M total.
Next: Expected follow-on TITAN production order (fiscal 2027) · 2027-09
What it's building next
Segments
| Segment | Revenue | Share | |
|---|---|---|---|
| US government Software and services sold to US federal, defense and intelligence customers, including the Army enterprise agreement and Gotham deployments. FY2025 US government revenue was $1.855 billion, up 55%. Q2 2026 US government revenue was $809 million, up 90%. | $1.85B | 41.4% | |
| US commercial Software sold to US companies, mainly through Foundry and AIP. FY2025 US commercial revenue was $1.465 billion, up 109%. Q2 2026 US commercial revenue was $764 million, up 149%, and US commercial total contract value was $2.132 billion. | $1.47B | 32.7% | |
| International Revenue from customers outside the United States, government and commercial combined. Derived as total revenue minus US revenue: FY2025 total revenue of $4.475 billion less reported US revenue of $3.320 billion. The company does not report this line directly. | $1.16B | 25.8% |
Fiscal FY2025 · from the annual report
Valuation & fundamentals
TTM through 2026-06-30 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price.
Financial statements
| Metric | TTM | Q2 FY2026 2026-06-30 | Q1 FY2026 2026-03-31 | Q4 FY2025 2025-12-31 | Q3 FY2025 2025-09-30 | Q2 FY2025 2025-06-30 | Q1 FY2025 2025-03-31 | Q4 FY2024 2024-12-31 | Q3 FY2024 2024-09-30 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.16B | $1.94B +93% | $1.63B +85% | $1.41Bd +70% | $1.18B +63% | $1.00B +48% | $883.9M +39% | $827.5Md +36% | $725.5M +30% |
| Gross profit | $5.22B | $1.64B +102% | $1.42B +99% | $1.19Bd +82% | $973.8M +68% | $810.8M +48% | $710.9M +37% | $653.0Md +31% | $578.9M +29% |
| Operating income | $2.63B | $912.0M +239% | $754.0M +328% | $575.4Md +5110% | $393.3M +248% | $269.3M +156% | $176.0M +118% | $11.0Md -83% | $113.1M +183% |
| Net income | $3.02B | $1.06B +225% | $870.5M +307% | $608.7Md +670% | $475.6M +231% | $326.7M +144% | $214.0M +103% | $79.0Md -15% | $143.5M +101% |
| EPS (diluted) | $1.16 | $0.41 +215% | $0.34 +325% | $0.23d +667% | $0.18 +200% | $0.13 +117% | $0.08 +100% | $0.03d -25% | $0.06 +100% |
| Operating cash flow | $3.40B | $1.22Bd +126% | $899.2M +190% | $777.3Md +69% | $507.7Md +21% | $539.3Md +274% | $310.3M +139% | $460.3Md +53% | $419.8Md +215% |
| Capital expenditure | $42.0M | $14.6Md +91% | $7.4M +20% | $13.3Md +327% | $6.8Md +70% | $7.6Md +165% | $6.2M +132% | $3.1Md -36% | $4.0Md +155% |
| Share buybacks | — | — | — | $19.2Md +3% | $19.2Md +2% | $18.6Md +5% | $18.0M +100% | $18.6Md | $18.9Md |
| Cash & equivalents | $2.03B | $2.03B | $2.29B | $1.42B | $1.62B | $929.5M | $993.5M | $2.10B | $768.7M |
| Shares outstanding | 2.40B | 2.40B | 2.40B | 2.39B | 2.38B | 2.37B | 2.36B | 2.34B | 2.27B |
| Metric | FY2025 2025-12-31 | FY2024 2024-12-31 | FY2023 2023-12-31 | FY2022 2022-12-31 |
|---|---|---|---|---|
| Revenue | $4.48B +56% | $2.87B +29% | $2.23B +17% | $1.91B |
| Cost of revenue | $789.2M +39% | $566.0M +31% | $431.1M +6% | $408.5M |
| Gross profit | $3.69B +60% | $2.30B +28% | $1.79B +20% | $1.50B |
| Research & development | $557.7M +10% | $507.9M +26% | $404.6M +12% | $359.7M |
| Operating income | $1.41B +356% | $310.4M +159% | $120.0M | −$161.2M |
| EBIT | $1.41B +356% | $310.4M +159% | $120.0M | −$161.2M |
| Depreciation & amortization | $26.1M -17% | $31.6M -5% | $33.4M +48% | $22.5M |
| Interest expense | — | — | $3.5M -14% | $4.1M |
| Income tax | $22.7M +7% | $21.3M +8% | $19.7M +96% | $10.1M |
| Net income | $1.63B +252% | $462.2M +120% | $209.8M | −$373.7M |
| EPS (diluted) | $0.63 +232% | $0.19 +111% | $0.09 | $-0.18 |
| Diluted shares (weighted) | 2.57B | 2.45B | 2.30B | 2.06B |
| Operating cash flow | $2.13B +85% | $1.15B +62% | $712.2M +218% | $223.7M |
| Capital expenditure | $33.9M +168% | $12.6M -16% | $15.1M -62% | $40.0M |
| Share buybacks | $75.0M +17% | $64.2M | $0 | $0 |
| Cash & equivalents | $1.42B | $2.10B | $831.0M | $2.60B |
| Total assets | $8.90B | $6.34B | $4.52B | $3.46B |
| Total liabilities | $1.41B | $1.25B | $961.5M | $818.8M |
| Shareholders' equity | $7.39B | $5.00B | $3.48B | $2.57B |
| Shares outstanding | 2.39B | 2.34B | 2.20B | 2.10B |
From XBRL data in SEC filings. Small figures under each value: change vs the same period a year earlier. d = derived (e.g. Q4 = full year − first nine months).
NewsFull archive →
Palantir sets Q3 2026 results for Monday, November 2 with 5 p.m. ET webcast
Palantir announced on October 12, 2026 that it will release third-quarter 2026 results after the close of US markets on Monday, November 2.
Palantir closes at record $209.05 on Friday, up 5.2%, after Barclays initiation
Palantir shares rose 5.17% to a record close of $209.05 on Friday, October 9, 2026, above the prior high of $207.18 set in November 2025.
Goldman Sachs upgrades Palantir to Buy with $230 price target
Goldman Sachs moved Palantir from Neutral to Buy on October 8, 2026 and set a 12-month price target of $230.
Barclays initiates Palantir at Overweight with $265 target after Thursday close
Barclays initiated coverage of Palantir at Overweight with a $265 price target, with analyst Anthony Valentini, just after the close on Thursday, October 8, 2026.
Claude Opus 5.5 and Claude Sonnet 5 become available in Palantir AIP for UK enrollments
On October 6, 2026 Palantir made Claude Opus 5.5 and Claude Sonnet 5 available in AIP for UK-georestricted enrollments that have Claude through AWS Bedrock enabled.
Palantir Pipeline Builder Faster pipelines can now read and write Iceberg tables
From October 1, 2026 Faster pipelines in Palantir Pipeline Builder can read and write Foundry Iceberg tables, including encrypted ones.
Director Lauren Friedman Stat sells 1,337 Palantir shares at $189.95
Director Lauren Friedman Stat sold 1,337 Class A shares on October 1, 2026 at $189.95 in an open-market trade under a Rule 10b5-1 plan dated February 11, 2026.
Palantir releases OSDK React components in beta for Ontology-aware app building
On September 29, 2026 Palantir released OSDK React components in beta as a new npm package.
Army awards Palantir subsidiary $48.1M ammunition management software contract
The Army awarded a Palantir subsidiary a $48.1 million contract to build software that combines nine older ammunition systems into one platform covering tracking from production to disposal.
Army awards $192M TITAN production orders split between Palantir and Anduril
The US Army awarded $192 million in production orders for the TITAN ground-station system to Palantir ($127 million) and Anduril ($65 million), moving it into production.
Chief Accounting Officer Jeffrey Buckley reports 3,305 shares sold in August
Chief Accounting Officer Jeffrey Buckley reported sales of 3,305 Class A shares on August 20 and 21, 2026 under a Rule 10b5-1 plan.
Director Alexander Moore sells 16,000 Palantir shares under 10b5-1 plan
Director Alexander Moore sold 16,000 Class A shares on August 17, 2026 in four open-market trades priced between about $172.64 and $176.14.
Draft Pentagon memo would direct up to $243.9M in funding for Palantir services
A draft memo from Deputy Defense Secretary Steve Feinberg, dated August 4 and titled Funding Palantir, would direct up to $243.9 million for Palantir services through March 31, 2027, with options through December 2028.
Bank of America reiterates Buy on Palantir and raises target to $255
Bank of America reiterated its Buy rating on Palantir and raised its price target to $255 after the Q2 report.
Palantir stock surges on August 4 after record Q2 and guidance raise
Palantir shares rose sharply on August 4, the first full session after the Q2 report, with a 27.1% intraday gain reported by Motley Fool and a 16% early gain reported by 24/7 Wall St.
Palantir reports fiscal Q2 2026 results: revenue $1.94B, up 93% from a year earlier
Palantir filed a Form 8-K with the SEC on Aug 3, 2026, 4:06 PM ET, reporting an event dated Aug 3, 2026.
Palantir raises FY2026 revenue guidance to $8.150-8.158B
Palantir raised its full-year 2026 revenue guidance to $8.150-8.158 billion, up from the earlier $7.650-7.662 billion range, which implies about 82% growth.
Palantir shares jump more than 12% in late trading after Q2 beat
Palantir shares rose more than 12% in extended trading on August 3 after the second-quarter report showed revenue of $1.935 billion, up 93%, and a raised full-year revenue forecast.
Palantir joins NVIDIA-led Open Secure AI Alliance as inaugural partner
NVIDIA launched the Open Secure AI Alliance on July 27, 2026 to build and share open tools for securing software and AI agents.
Rackspace and Palantir launch operating framework for regulated enterprises
Rackspace Technology and Palantir launched a joint framework that delivers Foundry and AIP through Rackspace's private, sovereign and on-prem infrastructure with certified engineers and managed operations.
Palantir and Nvidia launch engine for Nemotron models in sovereign settings
Palantir announced on June 29, 2026 an engine for deploying Nvidia's AI and Nemotron open models in sovereign environments, aimed mainly at US government agencies and critical infrastructure.
UK launches full review of £330M NHS contract with Palantir
UK technology minister Liz Kendall said on June 9, 2026 that the government is reviewing Palantir's NHS data contract, worth £330 million ($441 million).
CFO David Glazer sells 17,128 Palantir shares at about $133-137
CFO and Treasurer David Glazer sold 17,128 Palantir shares on May 20, 2026 in five open-market transactions at weighted-average prices of $132.95 to $136.61.
Director Alexander Moore sells 16,000 Palantir shares at about $133-135
Director Alexander Moore sold 16,000 Palantir Class A shares on May 15, 2026 in four open-market transactions at weighted-average prices of $133.05 to $135.46.
Argus upgrades Palantir to Buy with $190 target after sell-off
Argus upgraded Palantir to Buy from Hold with a $190 price target, reported May 6, 2026, after the post-earnings sell-off.
Palantir shares fall about 7% despite Q1 beat and guidance raise
Palantir shares dropped about 7% in midday trading on May 5, the session after its Q1 report, and changed hands near $136.
Rosenblatt raises Palantir price target to $225 from $200, Buy
Rosenblatt analyst John McPeake raised his Palantir price target to $225 from $200 and kept a Buy rating on May 5.
Palantir reports fiscal Q1 2026 results: revenue $1.63B, up 85% from a year earlier
Palantir filed a Form 8-K with the SEC on May 4, 2026, 4:06 PM ET, reporting an event dated May 4, 2026.
Palantir raises FY2026 revenue guidance to $7.650-7.662B
Alongside Q1 results, Palantir raised full-year 2026 revenue guidance to $7.650-7.662 billion, about 10 points above its prior outlook and roughly 71% growth.
Citi cuts Palantir price target to $210 from $260, keeps Buy
Citi lowered its Palantir price target to $210 from $260 and kept a Buy rating.
SEC filings
| Oct 9, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Oct 8, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Oct 8, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Oct 5, 26 | 4 | Form 4: Stat Lauren Elaina Friedman (Director) — open-market sale 1,337 sh | sec.gov ↗ |
| Oct 1, 26 | 4 | Form 4: Glazer David A. (See Remarks) — award 92,908 sh | sec.gov ↗ |
| Oct 1, 26 | 4 | Form 4: Taylor Ryan D. (See Remarks) — award 92,908 sh | sec.gov ↗ |
| Oct 1, 26 | 4 | Form 4: Buckley Jeffrey (See Remarks) — derivative/holdings only | sec.gov ↗ |
| Oct 1, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 17, 26 | 4 | Form 4: Moore Alexander D. (Director) — open-market sale 16,000 sh | sec.gov ↗ |
| Sep 3, 26 | 4 | Form 4: Stat Lauren Elaina Friedman (Director) — open-market sale 1,342 sh | sec.gov ↗ |
| Sep 1, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Aug 24, 26 | 4 | Form 4: Buckley Jeffrey (See Remarks) — open-market sale 3,305 sh | sec.gov ↗ |
| Aug 24, 26 | 4 | Form 4: Karp Alexander C. (See Remarks, Director) — conversion 492,348 sh, open-market sale 492,348 sh | sec.gov ↗ |
| Aug 20, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Aug 20, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Aug 19, 26 | 4 | Form 4: Moore Alexander D. (Director) — open-market sale 16,000 sh | sec.gov ↗ |
| Aug 12, 26 | 4 | Form 4: Sankar Shyam (See Remarks) — gift 350,000 sh | sec.gov ↗ |
| Aug 10, 26 | 4 | Form 4: Sankar Shyam (See Remarks) — conversion 35,000 sh, open-market sale 35,000 sh | sec.gov ↗ |
| Aug 7, 26 | 4 | Form 4: Stat Lauren Elaina Friedman (Director) — open-market sale 3,032 sh | sec.gov ↗ |
| Aug 6, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Aug 5, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Aug 3, 26 | 10-Q | 10-Q: Quarterly report for the period ended Jun 30, 2026 | sec.gov ↗ |
| Aug 3, 26 | 8-K | 8-K: Results of Operations, Regulation FD Disclosure (Items 2.02, 7.01) | sec.gov ↗ |
| Jul 24, 26 | 4 | Form 4: Buckley Jeffrey (See Remarks) — derivative/holdings only | sec.gov ↗ |
| Jul 17, 26 | 4 | Form 4: Moore Alexander D. (Director) — open-market sale 16,000 sh | sec.gov ↗ |
Insider trades, 12 months
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-01 | Stat Lauren Elaina Friedman Director | Sale 10b5-1 plan | 1.3K | $189.95 | $254.0K |
| 2026-09-15 | Moore Alexander D. Director | Sale 10b5-1 plan | 16.0K | $172.64 | $2.8M |
| 2026-09-01 | Stat Lauren Elaina Friedman Director | Sale 10b5-1 plan | 1.3K | $182.50 | $244.9K |
| 2026-08-21 | Buckley Jeffrey See Remarks | Sale 10b5-1 plan | 1.3K | $174.29 | $217.9K |
| 2026-08-20 | Karp Alexander C. See Remarks, Director | Sale 10b5-1 plan | 492.3K | $174.79 | $86.1M |
| 2026-08-20 | Buckley Jeffrey See Remarks | Sale 10b5-1 plan | 2.1K | $174.83 | $359.3K |
| 2026-08-17 | Moore Alexander D. Director | Sale 10b5-1 plan | 16.0K | $174.28 | $2.8M |
| 2026-08-06 | Sankar Shyam See Remarks | Sale 10b5-1 plan | 35.0K | $155.70 | $5.4M |
| 2026-08-05 | Stat Lauren Elaina Friedman Director | Sale 10b5-1 plan | 3.0K | $165.00 | $500.3K |
| 2026-07-15 | Moore Alexander D. Director | Sale 10b5-1 plan | 16.0K | $134.05 | $2.1M |
| 2026-07-02 | Sankar Shyam See Remarks | Sale 10b5-1 plan | 185.0K | $130.00 | $24.1M |
| 2026-06-15 | Moore Alexander D. Director | Sale 10b5-1 plan | 16.0K | $133.35 | $2.1M |
| 2026-06-11 | Buckley Jeffrey See Remarks | Sale 10b5-1 plan | 1.5K | $128.80 | $190.8K |
| 2026-06-01 | Stat Lauren Elaina Friedman Director | Sale 10b5-1 plan | 1.6K | $160.00 | $255.7K |
| 2026-05-29 | Stat Lauren Elaina Friedman Director | Sale 10b5-1 plan | 1.7K | $150.00 | $250.1K |
| 2026-05-22 | Buckley Jeffrey See Remarks | Sale 10b5-1 plan | 830 | $137.41 | $114.1K |
| 2026-05-20 | Cohen Stephen Andrew See Remarks, Director | Sale | 319.9K | $136.04 | $43.5M |
| 2026-05-20 | Sankar Shyam See Remarks | Sale 10b5-1 plan | 165.5K | $136.04 | $22.5M |
| 2026-05-20 | Karp Alexander C. See Remarks, Director | Sale 10b5-1 plan | 397.7K | $136.04 | $54.1M |
| 2026-05-20 | Taylor Ryan D. See Remarks | Sale 10b5-1 plan | 19.7K | $136.04 | $2.7M |
| 2026-05-20 | Glazer David A. See Remarks | Sale 10b5-1 plan | 17.1K | $136.04 | $2.3M |
| 2026-05-20 | Buckley Jeffrey See Remarks | Sale 10b5-1 plan | 1.7K | $136.04 | $232.9K |
| 2026-05-15 | Moore Alexander D. Director | Sale 10b5-1 plan | 16.0K | $134.04 | $2.1M |
| 2026-04-15 | Moore Alexander D. Director | Sale 10b5-1 plan | 16.0K | $139.41 | $2.2M |
| 2026-03-16 | Moore Alexander D. Director | Sale 10b5-1 plan | 16.0K | $152.41 | $2.4M |