Overview
- Palantir reported a blowout second quarter with revenue of about $1.94 billion and adjusted EPS of $0.41, and management raised full‑year 2026 revenue guidance to roughly $8.15 billion.
- The Pentagon has accelerated business for Palantir’s Maven Smart System, which is approaching a $1 billion annual run rate and is being considered for program‑of‑record status that could unlock multi‑year funding and a reported $240 million non‑competitive services allocation.
- Investors pushed the stock sharply higher after the quarter, with shares rising into late August and trading near 52‑week highs, while several analysts upgraded targets and institutional ownership grew.
- Profit‑taking and visible selling have introduced volatility: Cathie Wood’s ARK Invest sold about 139,456 shares at the end of August, insiders executed pre‑arranged 10b5‑1 plans for material sales, and the stock pulled back modestly in early September.
- Palantir added a U.S. Army TITAN production contract on September 1, but the central near‑term debate remains whether the company can sustain growth enough to justify an extreme valuation that currently sits well above typical software multiples.