Palantir's revenue growth accelerated to 95.9% year over year in 2026Q3 to roughly $2.3B, with operating margin expanding from 1.3% in 2024Q4 to 46.9%, suggesting meaningful operating leverage is now visible in the income statement.
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Revenue grew 95.9% year over year to roughly $2.3B in 2026Q3 while gross margin held at 83.4% and operating margin reached 46.9%, indicating strong operating leverage, though net margin of 54.9% in 2026Q2 exceeding the 47.1% operating margin suggests non-operating contributions such as interest income may be inflating earnings.
Palantir's US revenue growth exceeds 100%, with overall growth around 70% year-over-year, and guidance for 2026 revenue between $7.18 billion and $7.20 billion.
The AI Platform is gaining traction in the commercial sector, highlighted by a $300 million USDA agreement and a U.S. Navy ShipOS contract.
Palantir is recognized as a leader in AI solutions, with its unique 'Ontology' differentiating it from competitors.
Palantir's stock trades at a high forward P/E multiple of around 100-111x, implying it is priced for perfection.
Major cloud providers like Amazon and Microsoft are heavily investing in AI, which could limit Palantir's market potential.
Skeptics warn that high expectations could lead to a significant downside, with potential drops below $100 if growth normalizes.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 2, 2026 | $0.44+8.3% vs $0.41 | $2.3B+6.3% vs $2.2B |
Q3 2026 Aug 3, 2026 | $0.41+19.0% vs $0.34 | $1.9B+6.8% vs $1.8B |
Q2 2026 May 4, 2026 | $0.33+13.8% vs $0.29 | $1.6B+5.9% vs $1.5B |
Q1 2026 Feb 2, 2026 | $0.25+8.6% vs $0.23 | $1.4B+4.9% vs $1.3B |
Palantir Technologies is downgraded from Strong Buy to Hold due to shifting market correlations, not business fundamentals. PLTR met or exceeded all Q3 performance conditions: revenue beat, US commercial growth at 148% YoY, and raised full-year guidance. Bookings slowed: Q3 total contract value grew just 6% YoY and fell QoQ, and RPO dipped slightly for the first time in five quarters.
JPMorgan Chase analyst Brian Essex recently initiated coverage of Palantir; his target price of $262 per share is one of the highest on Wall Street. Palantir is a leader in artificial intelligence platforms, and its ontology-based software arguably gives it a durable competitive advantage.
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Palantir witnessed a significant slowdown in the growth of its total contract value in Q3. Although the company's revenue and earnings are increasing at a solid pace and it has raised its guidance, it needs to strengthen its revenue pipeline to sustain healthy growth in the long run.
Benchmark PLTR against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Palantir Technologies Inc. (PLTR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $160.38 | $368.24B | 112.51 | 56.18% | 50.34% | 39.37% | — | |
| $275.88 | $95.62B | -88.33 | 29.16% | -20.07% | -53.56% | — | |
| $312.83 | $25.16B | 435.51 | 22.79% | 2.12% | 2% | — | |
| $179.04 | $63.73B | 256.25 | 27.68% | 6.12% | 6.24% | — | |
| $21.77 | $7.33B | -21.72 | 21.89% | -30.95% | -23.16% | — | |
| $11.69 | $1.66B | -4.06 | -35.67% | -192.1% | -62.88% | — |
Palantir Technologies Inc. (PLTR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Palantir Technologies Inc. (PLTR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Nov 2, 2026·SEC
Aug 3, 2026·SEC
Jun 9, 2026·SEC
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Palantir Technologies Inc. (PLTR) stock FAQ — growth, dividends, profitability & financials explained
Palantir Technologies Inc. (PLTR) reported $7.29B in revenue over the trailing twelve months. Revenue was $4.48B in fiscal year 2025. That is 652% more than the $595.4M of fiscal year 2018.
Palantir Technologies Inc. (PLTR) grew revenue by 87.1% over the trailing twelve months, compared with the twelve months before.
Yes. Palantir Technologies Inc. (PLTR) earned $3.67B in net income over the trailing twelve months (a 50.3% net margin).
Palantir Technologies Inc. (PLTR) had a return on equity (ROE) of 39.4% over the trailing twelve months. That is well above the market's typical 10-15%.
Palantir Technologies Inc. (PLTR) generated $4.05B in free cash flow over the trailing twelve months.
