PLTR reports $1.94 billion in Q2 2026 revenue, surging 93% YoY, but shares remain 29% below year-to-date levels.
Palantir (NASDAQ: PLTR) reported Q2 2026 revenue of $1.94 billion, a 92.83% year-over-year increase, driven by strong U.S. commercial growth. Despite the surge, shares trade 29.31% below year-to-date levels, sitting at $125.65.
The company posted Q2 EPS of $0.41, beating estimates by 46.43%, and achieved a 47% GAAP operating margin. U.S. commercial revenue jumped 149% to $764 million, while the Rule of 40 score reached 155%, a rare figure at this scale. Shares remain 12% below their 52-week high of $207.52.
Analysts at 24/7 Wall St. set a price target of $157.22, implying 24.83% upside from current levels, with a buy recommendation. The stock has underperformed despite nine consecutive earnings beats.