Story perspectives

Palantir Q2 Revenue Surges 93%, Guidance Raised, Shares Jump 14%

8/4/2026

Summary

Palantir Beats Forecast

Palantir Technologies reported Q2 2026 revenue of $1.94 billion, up 93% year-over-year and above analysts’ $1.81 billion estimate.
The company posted net income of $1.06 billion, or $0.41 per share, exceeding the $0.35-$0.34 consensus.
Adjusted free cash flow reached $1.22 billion, a 63% margin and the first quarter to exceed $1 billion.
Palantir raised full-year 2026 revenue guidance to $8.150-$8.158 billion, prompting its shares to jump about 14% in after-hours trading.

Summary

Palantir Price Targets

Analysts set a consensus price target of $189 for Palantir, implying over 50% upside in a year.
Baird analyst William Power gave a $200 target, citing AI growth as a unique advantage.
Bloomberg tracks 33 analysts, 22 rating Palantir a buy, with an average target of $181.24.
Technical charts show PLTR in a symmetrical triangle near $123, with resistance at $145 and support near $120.41.

History

Historical Context

After surviving the dot-com bust, Google secured $25 million venture funding in 1999 and hired Eric Schmidt in 2001. On August 19 2004 it went public, selling 19.6 million shares for $1.67 billion and valuing the company at over $23 billion—part of a $10.7 billion tech-IPO surge that year. The IPO set a benchmark for later data-driven firms like Palantir.

1 of 3

Palantir Beats Forecast

Palantir Technologies reported Q2 2026 revenue of $1.94 billion, up 93% year-over-year and above analysts’ $1.81 billion estimate.
The company posted net income of $1.06 billion, or $0.41 per share, exceeding the $0.35-$0.34 consensus.
Adjusted free cash flow reached $1.22 billion, a 63% margin and the first quarter to exceed $1 billion.
Palantir raised full-year 2026 revenue guidance to $8.150-$8.158 billion, prompting its shares to jump about 14% in after-hours trading.

1 / 3