Overview
- Palantir reported second‑quarter revenue of about $1.94 billion and adjusted EPS of $0.41 on Aug. 3, beating expectations and lifting full‑year revenue guidance to roughly $8.15–8.2 billion.
- The market pushed the share price up roughly 10% on the earnings day and about 40% over the following week as investors priced in rapid commercial AI adoption.
- Bank of America and other analysts raised targets after the report, with BofA setting a $255 price objective based on Palantir’s sovereign AI pitch and U.S. commercial strength.
- Recent insider selling drew scrutiny: CTO Shyam Sankar executed a preplanned Rule 10b5‑1 sale of $5.45 million on Aug. 6 and insiders sold over 1.1 million shares in the last 90 days.
- High‑profile bearish bets and valuation concerns intensified this week when Michael Burry disclosed long‑dated March 2027 put positions, leaving the key risk as whether large bookings and backlog will become durable, recurring revenue.