Palantir Technologies (PLTR) will announce its results for the first quarter of 2026 on Monday, May 4. PLTR stock has surged about 20% in 2025, driven by fast growth across its Commercial business and wider use of its Artificial Intelligence Platform (AIP). 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.
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Investors will be watching for updates on commercial customer growth, AIP adoption, government contract momentum, and management’s forward guidance when the company reports its earnings.
Analysts’ Views Ahead of PLTR’s Q1 Earnings
Ahead of the print, Top Baird analyst William Power reaffirmed an Outperform rating and a $200 price target, stating that he expects “another strong quarter” from the software giant. He said revenue growth could accelerate for the 11th straight quarter, driven by strength in both U.S. Commercial and Government segments.
Beyond this quarter, Power expects growth to continue into 2026 and 2027, with free cash flow potentially reaching $7.5 billion by 2027. He also sees the recent pause in the stock as a good entry point for investors looking to buy into a high-growth name.
Meanwhile, TipRanks’ AI Analyst has an Outperform rating on Palantir stock with a price target of $157, indicating 12.86% upside potential. The bullish view is driven by strong fundamentals, including solid margins, healthy cash generation, and low leverage, along with an optimistic 2026 outlook. However, this is partly weighed down by weak technical signals and a high valuation, which could increase downside risk if growth slows or execution weakens, especially given its heavy reliance on the U.S. market.
Here’s What Options Traders Anticipate Ahead of PLTR’s Q1 Earnings
Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don’t worry, the Options tool does this for you.
Indeed, it currently says that options traders are expecting about a 10.06% move in either direction in Palantir stock in reaction to Q1 results.
Is PLTR Stock a Buy Now?
Overall, Wall Street has a Hold consensus rating on Palantir Technologies stock based on 15 Holds, five Buys, and two Sell recommendations. The average PLTR stock price target of $191.74 indicates 37.8% upside potential.
