Palantir stock reports 92.8 percent Q2 growth as valuation bites

Published on 10/05/2026 at 22:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Palantir stock traded at USD 188.83 on October 5, 2026, while its market value stood at USD 453.6 billion. Analysts cite a USD 195.33 average target.

Redaktionelles Foto eines Börsen-Handelsraums mit AI-Index-Anzeigetafel und Händlern an Bildschirmen — Palantir Technologies Inc (US69608A1088) – Editorial-Foto eines Börsenhandelsraums mit großer AI- und Software-Index-Anzeigetafel, Illustration mit AI erstellt.

Palantir Technologies stock was trading at USD 188.83 on Nasdaq on October 5, 2026, with the company valued at USD 453.6 billion. The latest quarterly report remains the central operating signal: revenue reached USD 1.94 billion in Q2 2026, up 92.8 percent year over year, according to MarketBeat.

Revenue growth stays exceptional

The Q2 2026 figures show why Palantir continues to attract attention in artificial intelligence software. Adjusted earnings per share came in at USD 0.41, exceeding the USD 0.34 consensus estimate by USD 0.07, while revenue surpassed the USD 1.81 billion analyst forecast.

Yahoo Finance reported on October 5, 2026, that U.S. commercial revenue rose 149 percent to USD 764 million in Q2 2026. U.S. commercial remaining deal value increased 124 percent to USD 6.24 billion, giving the growth story a more specific operating driver than the headline revenue rate alone.

Commercial demand leads the case

Palantir's U.S. commercial customer count increased 35 percent year over year and 6 percent sequentially in Q2 2026, while net revenue retention reached 157 percent. Those figures indicate that existing customers expanded their spending as the company added new accounts.

The counterweight is valuation. The same Yahoo Finance report cited a forward price-to-sales ratio of 37 times 2027 analyst estimates. For investors, the growth rate must therefore remain high enough to support a multiple that leaves limited room for weaker execution.

Consensus target sits above price

MarketBeat's October 4, 2026 overview counted 36 analysts: two Strong Buy ratings, 21 Buy ratings, 10 Hold ratings and three Sell ratings. The consensus label was Moderate Buy, with an average price target of USD 195.33 and targets ranging from USD 80 to USD 255.

At USD 188.83, the average target lies 3.4 percent above the Nasdaq price. The comparison is modest beside Palantir's operating growth, making the next quarterly update important for testing whether earnings momentum can continue to close the gap between business performance and valuation.

Palantir stock stays below yearly high

Palantir stock was trading at USD 188.83 on Nasdaq at 10:04 a.m. ET on October 5, 2026. The session range was USD 188.42 to USD 192.69, the 52-week range was USD 106.37 to USD 207.52, and volume stood at 3,350,000 shares.