- Knox Systems announced a partnership to bring commercial software into FedRAMP and IL5 federal environments, using Palantir's federal accreditations. No financial terms were disclosed.
- PLTR traded as high as $196.99 and last traded at $194.15, up 4.4% from a prior close of $186.03.
- Palantir's U.S. government revenue rose 90% year over year to $809 million in Q2 2026, out of $1.94 billion in total revenue.
- Palantir trades at 98x forward earnings, slightly below its five-year average of 103x, after the stock's recent rally.
- Management guided Q3 2026 revenue to $2.16 billion to $2.164 billion. Palantir is scheduled to report Q3 2026 results on November 2, 2026.
- Palantir also announced a Customers Bank deployment of Foundry and AIP, and powered Surf Air Mobility's OperatorOS in exchange for Surf Air Mobility common shares.
Quotes
“Knox exists to get the best software in the world to the government faster, and to protect it once it's there.”