Palantir stock jumps as US commercial business booms
Ines Ferré· Senior Business Reporter
Tue, 4 August 2026 at 2:04 am GMT+5:30
1 min read
- PLTR
+2.10%
What happened: Palantir (PLTR) stock surged nearly 10% in after-hours trading on Monday
What’s behind the move: The company reported fiscal second quarter results that beat analyst expectations and raised its full-year guidance
The company sees full-year revenue of $8.16 billion versus prior estimates for $7.65 billion to $7.66 billion
The company posted adjusted earnings of $0.41 per share in its Q2, versus Wall Street estimates of $0.35. Revenue came in at $1.94 billion, compared to expectations of $1.8 billion
“This quarter was otherworldly: our U.S. commercial revenue grew 149% year-over-year, our overall revenue grew 93% year-over-year,” Palantir’s CEO Alex Karp said
“The sovereign AI revolution makes us very optimistic about the future,” he added
US government revenue grew 90% year over year and 18% quarter over quarter
NasdaqGS – Delayed QuoteUSD
(PLTR)
125.65+2.59(+2.10%)
At close: 16:00:00 GMT-4
Advanced chart
What else you need to know:Earlier this year, Palantir’s Maven Smart System became an official Pentagon program of record, locking in a bigger role for the company in US military AI projects for years to come
Palantir stock is down more than 30% year to date, as the company was caught up in the AI disruption scare earlier this year that hit the entire software complex
Wall Street is still bullish on the stock, with 22 analyst Buy ratings, nine Holds, and two Sells
Last month, D.A. Davidson’s Gil Luria upgraded the stock, notingthat Palantir has a key advantage in its orchestration tool — the ability to switch between AI models with minimal disruption
Luria has a Buy rating on the stock and a $175 price target
Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at@ines_ferre
Click here for an in-depth analysis of the latest stock market news and events moving stock prices
Read the latest financial and business news from Yahoo Finance
