Overview
- Palantir reported second‑quarter revenue of about $1.94 billion and EPS of $0.41, beating Wall Street estimates and marking roughly 93% year‑over‑year growth.
- Management raised full‑year revenue guidance to roughly $8.15–8.2 billion and lifted adjusted operating income targets, signaling higher profitability expectations for FY26.
- U.S. commercial revenue jumped about 149% to $764 million while U.S. government revenue rose about 90% to $809 million, driven by larger commercial deals and deployments of Foundry and AIP.
- The market reacted with a multi‑day rally that sent the stock roughly 40% higher for the week and prompted analyst upgrades and higher targets, including Bank of America’s $255 price objective.
- Key risks remain: Palantir trades at a very high forward multiple, insiders sold more than 1.1 million shares recently, U.S. customer concentration and procurement timing persist, and investors are watching whether large bookings and a $13.1 billion backlog convert into steady recurring revenue.