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Palantir Technologies
(NASDAQ:PLTR)
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Rating:73Outperform
Price Target:
$140.00
▲(13.90% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by very strong financial performance and an exceptionally positive earnings call with raised guidance and standout profitability/cash flow. These positives are partially offset by weak technical positioning (below key moving averages with negative MACD) and a demanding valuation (very high P/E and no dividend support).
Positive Factors
Cash Generation & Balance Sheet
Very strong FCF and a large cash balance provide durable financial flexibility: supports continued R&D, hiring, potential share repurchases or M&A, and cushions against contract churn. High cash conversion (FCF ~99% of net income TTM) signals earnings quality and long‑term resilience.
Negative Factors
Geographic Concentration
Heavy U.S. concentration exposes revenue to domestic policy, budget cycles, and competitive shifts. Slower international growth limits diversification and means sustained expansion depends on successfully scaling overseas sales, localization, and regulatory navigation over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation & Balance Sheet
Very strong FCF and a large cash balance provide durable financial flexibility: supports continued R&D, hiring, potential share repurchases or M&A, and cushions against contract churn. High cash conversion (FCF ~99% of net income TTM) signals earnings quality and long‑term resilience.
Read all positive factors
Palantir Technologies Key Performance Indicators (KPIs)
Any
Total Customers
Shows the number of clients using the company’s services, reflecting market reach and potential for revenue growth.
Shows the number of clients using the company’s services, reflecting market reach and potential for revenue growth.
Data provided by:
The Fly
The FlyPalantir Technologies (PLTR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$413.36B
Dividend YieldN/A
Average Volume (3M)39.44M
Price to Earnings (P/E)139.1
Beta (1Y)2.39
Revenue Growth78.92%
EPS Growth285.33%
CountryUS
Employees4,395
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)1.26
Shares Outstanding2,300,713,400
10 Day Avg. Volume31,962,510
30 Day Avg. Volume39,444,826
Financial Highlights & Ratios
PEG Ratio1.13
Price to Book (P/B)57.02
Price to Sales (P/S)94.11
P/FCF Ratio200.51
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$197.89Price Target Upside60.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering22
EPS Forecast (FY)1.59
Revenue Forecast (FY)$8.14B
Palantir Technologies Business Overview & Revenue Model
Company Description
Palantir Technologies Inc. engineers and deploys advanced software platforms primarily for the intelligence community, supporting counterterrorism investigations and operations across the United States, the United Kingdom, and internationally. One...
How the Company Makes Money
Palantir primarily makes money by selling subscriptions and services related to its software platforms to two main customer groups: government customers and commercial customers. Revenue is largely generated through (1) software subscriptions/lice...
Palantir Technologies Earnings Call Summary
Earnings Call Date:Aug 03, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 09, 2026
Earnings Call Sentiment Positive
The call conveyed overwhelmingly positive operational and financial momentum: record-high revenue growth (93% YoY), very strong U.S. commercial acceleration (149% YoY), exceptional profitability and cash generation ($1.22B adjusted free cash flow and GAAP net income > $1B), stronger bookings and raised full-year guidance. Product messaging emphasized competitive differentiation (AIP, FDEs, fine-tuning, sovereignty) and concrete customer conversions. The primary negatives were concentration of revenue in the U.S., a decelerated international commercial business, higher near-term expense growth (hiring, product investments) and a one-time margin headwind from hosting costs for a government customer. Overall, the positive results and guidance raise materially outweigh the headwinds described.Positive Updates
Record Revenue Growth
Total revenue grew 93% year-over-year to $1.935 billion in Q2, the company's highest reported YoY revenue growth rate. The company raised full-year 2026 revenue guidance midpoint to $8.154 billion (82% YoY) and increased U.S. commercial revenue guidance to in excess of $3.424 billion (at least 134% YoY).
Negative Updates
Geographic Concentration and International Lag
U.S. revenue represented over 81% of total revenue, indicating concentration risk. International commercial revenue grew only 26% YoY and 2% sequentially to $182 million, significantly slower than U.S. growth.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Revenue Growth
Total revenue grew 93% year-over-year to $1.935 billion in Q2, the company's highest reported YoY revenue growth rate. The company raised full-year 2026 revenue guidance midpoint to $8.154 billion (82% YoY) and increased U.S. commercial revenue guidance to in excess of $3.424 billion (at least 134% YoY).
Read all positive updates
Company Guidance
Management raised full‑year 2026 guidance, raising revenue to $8.15–$8.158 billion (midpoint $8.154B), about 82% year‑over‑year growth and an 11‑point increase versus last quarter (their largest ever full‑year raise); U.S. commercial revenue guidance was increased to in excess of $3.424 billion (at least 134% growth). For Q3 2026 they expect revenue of $2.160–$2.164 billion and adjusted income from operations of $1.292–$1.296 billion. Full‑year adjusted income from operations was raised to $4.889–$4.897 billion, adjusted free cash flow to $4.5–$4.7 billion, and management reiterated they expect GAAP operating income and net income in each quarter.Palantir Technologies Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
88
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.16B | 4.48B | 2.87B | 2.23B | 1.91B | 1.54B |
| Gross Profit | 5.22B | 3.69B | 2.30B | 1.79B | 1.50B | 1.20B |
| EBITDA | 3.10B | 1.68B | 520.76M | 273.92M | -334.45M | -469.96M |
| Net Income | 3.02B | 1.63B | 462.19M | 209.82M | -373.70M | -520.38M |
Balance Sheet | ||||||
| Total Assets | 11.68B | 8.90B | 6.34B | 4.52B | 3.46B | 3.25B |
| Cash, Cash Equivalents and Short-Term Investments | 9.41B | 7.18B | 5.23B | 3.67B | 2.63B | 2.52B |
| Total Debt | 211.40M | 229.34M | 239.22M | 229.39M | 249.40M | 260.07M |
| Total Liabilities | 1.79B | 1.41B | 1.25B | 961.46M | 818.80M | 956.42M |
| Stockholders Equity | 9.77B | 7.39B | 5.00B | 3.48B | 2.57B | 2.29B |
Cash Flow | ||||||
| Free Cash Flow | 3.36B | 2.10B | 1.14B | 697.07M | 183.71M | 321.22M |
| Operating Cash Flow | 3.40B | 2.13B | 1.15B | 712.18M | 223.74M | 333.85M |
| Investing Cash Flow | -2.29B | -2.78B | -340.65M | -2.71B | -45.43M | -397.91M |
| Financing Cash Flow | 3.92M | -26.91M | 463.36M | 218.84M | 86.00M | 306.75M |
Palantir Technologies Technical Analysis
Positive
122.92
Price Trends
133.24
Positive
137.48
Positive
152.25
Positive
Market Momentum
9.16
Negative
73.91
Negative
90.30
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PLTR, the sentiment is Positive. The current price of 122.92 is below the 20-day moving average (MA) of 137.30, below the 50-day MA of 133.24, and below the 200-day MA of 152.25, indicating a bullish trend. The MACD of 9.16 indicates Negative momentum. The RSI at 73.91 is Negative, neither overbought nor oversold. The STOCH value of 90.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PLTR.
Palantir Technologies Risk Analysis
Palantir Technologies disclosed 83 risk factors in its most recent earnings report. Palantir Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Palantir Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $296.55B | 323.56 | 6.30% | ― | 19.51% | -33.05% | |
75 Outperform | $218.34B | -4,740.21 | -0.58% | ― | 23.17% | 73.57% | |
73 Outperform | $413.36B | 139.07 | 37.47% | ― | 78.92% | 285.33% | |
73 Outperform | $32.08B | -1,159.03 | -0.99% | ― | 23.64% | 68.36% | |
71 Outperform | $27.28B | -368.08 | -3.71% | ― | 24.61% | -91.58% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | $423.49B | 25.43 | 50.59% | 1.74% | 17.35% | 32.98% |
* Technology Sector Average
PLTR
Palantir Technologies
175.23
-11.74
-6.28%
ORCL
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151.05
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MDB
MongoDB
416.67
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100.50%
ZS
Zscaler
176.68
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-35.85%
CRWD
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225.16
116.21
106.66%
Palantir Technologies Corporate Events
Business Operations and StrategyFinancial Disclosures
Palantir Raises 2026 Guidance After Surging Q2 Results
Positive
Aug 3, 2026
Palantir reported what it called an “otherworldly” second quarter for the period ended June 30, 2026, with overall revenue surging 93% year-on-year to $1.94 billion and U.S. revenue up 115% to $1.57 billion. U.S. commercial revenue gre...
Executive/Board ChangesShareholder Meetings
Palantir Shareholders Back Management, Reject ESG Proposals
Positive
Jun 9, 2026
On June 3, 2026, Palantir Technologies held its 2026 annual meeting of stockholders, where shareholders elected all nominated directors, including CEO Alexander Karp and co-founder Peter Thiel, to serve until the next annual meeting. The meeting a...
Business Operations and StrategyFinancial Disclosures
Palantir Soars on Q1 Revenue Surge and Raised Guidance
Positive
May 4, 2026
On May 4, 2026, Palantir reported that first-quarter 2026 revenue rose 85% year over year to $1.63 billion, powered by a 104% surge in U.S. revenue and record profitability metrics, including a Rule of 40 score of 145% and GAAP net income margin o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.