Data analytics software giant Palantir Technologies (PLTR) is scheduled to announce its results for the first quarter of 2026 on Monday, May 4, and the options market is expecting a volatile reaction. Based on options pricing, traders are expecting a 10.55% move in either direction in PLTR stock following its Q1 2026 earnings. This implied move is slightly higher than the stock’s average post-earnings move (in absolute terms) of 9.28% over the past three quarters.
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PLTR shares have declined 20% year-to-date due to concerns about the stock’s elevated valuation and ability to sustain high growth rates.
Analysts’ Expectations for PLTR’s Q1 Results
Wall Street expects Palantir to report EPS (earnings per share) of $0.28 for Q1 2026, reflecting 115% year-over-year growth. Revenue is projected to rise 74% to $1.54 billion.
Palantir has been seeing strong growth in both its government and commercial businesses, helped by solid demand for its Artificial Intelligence Platform (AIP). As the company heads into its earnings report, investors are watching closely to see if this pace can continue, especially as concerns about rising AI competition grow.
That focus has increased after recent comments from Michael Burry, the “Big Short” investor, who said earlier this month that Anthropic is “eating Palantir’s lunch.” The upcoming results will be an important test of whether Palantir can stay ahead of new rivals while keeping its strong demand in place through 2026.
Is PLTR Stock a Buy Now?
Overall, Wall Street remains moderately bullish on Palantir stock. Ahead of the report, top Wedbush analyst Dan Ives reiterated an Outperform rating and a $230 price target on PLTR stock. He expects another “robust quarter,” driven by growing use cases for AIP across both government and commercial customers. Ives said the market still underestimates Palantir’s U.S. commercial business, where demand continues to pick up.
He added that recent checks point to “unprecedented demand” as companies adopt AI at scale. Ives also believes the Street’s revenue estimate of $1.54 billion is beatable and continues to see Palantir as a potential trillion-dollar company over time.
PLTR stock carries 15 Buys, five Holds, and two Sell ratings from analysts with an average price target of $191.74.
