- Palantir's Q2 FY26 revenue hit $1.935 billion, up 92.83% year over year, with EPS of $0.41 versus a $0.28 estimate and U.S. commercial revenue up 149% to $764 million; management raised FY26 revenue guidance to $8.150-$8.158 billion.
- 24/7 Wall St. carries a $311.42 price target on Palantir, 68.3% upside from $192.03, with a buy rating and 90% confidence, and a bull scenario at $342.06.
- McKinsey puts the sovereign AI total addressable market at up to $600 billion between 2025 and 2030, roughly 40% of overall AI demand, and Palantir's Sovereign AI Operating System Reference Architecture with Nvidia is already implemented in Nvidia's supply chain.
- Rosenblatt Securities reiterated Buy and a $225 target on Palantir, citing FAA AI rollout work; federal records show a $500,000 firm-fixed-price FAA purchase order to Palantir dated August 13, 2026 and a separate $9.48 million delivery order for AskMe/Aspire/ADO.
- The bear case is multiple risk: Palantir trades at 262x trailing and 82x forward earnings, stock-based compensation ran $265 million in Q2, and growth decelerating below 80% compresses that multiple; the bear scenario still lands at $246.71.
Quotes
“otherworldly”
“Sovereign AI is not a national chatbot with a country's flag stamped on it.”
“SMART – PALANTIR PURCHASE ORDER”