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Palantir Technologies Inc.
NASDAQ: PLTR Technology IT 🔎 Screen
S&P 500 Nasdaq 100
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$393.1B
Market Cap
260.7
P/E
3.89
PEG
433.2%
ROCE
26.0%
ROE
0.03
D/E
31.6%
OPM
-16.3%
% from 52W High
73
α RS
🔍 PLTR is showing a high-conviction setup because it matches 21 of 39 tracked screener presets, Sector RRG has Technology in the Leading quadrant with the trail still rolling over, and RS Rating is 73. Net: Broad signal stack, not a recommendation. ? Conviction RRG RS Rating
Sources
Conviction 21/39 · Technology in Leading quadrant · RS Rating 73
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🌏 Global Investor Returns
Currency-adjusted total returns for PLTR including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Palantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. It provides Palantir Gotham integrates with other platforms for defense offerings which enables users to see, understand, and act in the modern battlespace; operations centers to the tactical edge; integrating data from domains and sensors in near real-time; and situational awareness and accelerating operational decision-making, as well as facilitates the hand-off between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. The company also offers Palantir Foundry, a platform that helps organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides Palantir Apollo, a software that delivers software and updates across the business, as well as enables customers to deploy their software virtually in any environment; and Palantir Artificial Intelligence Platform that provides unified access to open-source, self-hosted, and commercial large language models (LLMs) that can transform structured and unstructured data into LLM-understandable objects and can turn organizations’ actions and processes into tools for humans and LLM-driven agents. The company also has a strategic partnership with Ondas Inc. to develop and deploy AI-enabled operational capabilities to scale stratospheric, aerial, and land-based ISR missions. The company has a strategic collaboration with NVIDIA to deliver an intelligent engine for running NVIDIA AI and Nemotron open models in sovereign environments. The company was incorporated in 2003 and is headquartered in Aventura, Florida.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding PLTR
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 6.99M $1.0B 1.60% Mar 2026
Cathie Wood ARK Investment Management 3.11M $454.9M 3.54% Mar 2026
Steve Cohen Point72 Asset Management 126.7K $18.5M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$1.935B
+93% YoY
U.S. Commercial Revenue
$764M
+149% YoY
Adjusted Operating Income
$1.194B
62% margin
Net Income
$1.062B
55% margin
Adjusted Free Cash Flow
$1.220B
63% margin
What Went Right
  • Record total revenue growth of 93% YoY to $1.935B, with U.S. commercial accelerating to 149% YoY and 28% QoQ.
  • Record U.S. commercial TCV bookings of $2.132B, up 153% YoY, plus 220 deals over $1M and 73 deals over $10M.
  • Rule of 40 score hit 155, adjusted FCF reached $1.22B (63% margin), and full-year revenue guidance was raised to 82% YoY growth.
What to Watch
  • International commercial growth lagged sharply at 26% YoY and only 2% QoQ.
  • Management guided to a significant Q3 expense ramp from new-hire seasonality and product/marketing initiatives.
  • Adjusted gross margin dipped to 86% due to cloud-hosting costs taken on for one government customer.
Management Guidance
  • Q3 2026 revenue: $2.160B – $2.164B
  • Q3 2026 adjusted income from operations: $1.292B – $1.296B
  • FY 2026 revenue raised to $8.150B – $8.158B (82% YoY growth)
  • FY 2026 U.S. commercial revenue: >$3.424B, growth of at least 134%
  • FY 2026 adjusted income from operations: $4.889B – $4.897B
  • FY 2026 adjusted free cash flow: $4.5B – $4.7B
Investor Lens
The thesis is clearly stronger after this call: 93% total revenue growth, 155 Rule of 40, and record U.S. commercial TCV of $2.132B. Guidance was raised by roughly 11 points to 82% full-year growth, reinforcing confidence in sovereign AI demand. The main caveats are slower international commercial growth and a heavier Q3 expense ramp, but U.S. momentum and profitability remain exceptional.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Blockbuster 93% revenue growth; guidance raised again
Revenue
Q2 revenue rose 93% YoY and 19% QoQ to $1.935B. U.S. revenue grew 115% YoY to $1.573B, with U.S. commercial up 149% to $764M and U.S. government up 90% to $809M. International commercial grew just 26% YoY to $182M.
Profitability
GAAP net income was $1.062B, a 55% margin, with GAAP EPS and adjusted EPS both $0.41. Adjusted operating income was $1.194B, a 62% margin, and the Rule of 40 reached 155.
Margins
Adjusted gross margin was 86%, reflecting higher cloud-hosting costs for one government customer. Adjusted operating margin came in at 62%, while GAAP operating margin was 47%. Adjusted expenses were $741M, up 37% YoY.
Balance Sheet
Cash, cash equivalents, and short-term U.S. Treasury securities stood at $9.2B at quarter-end. Cash from operations was $1.216B and adjusted free cash flow was $1.22B, a 63% margin.
Key Risks
Management flagged a significant Q3 expense ramp from seasonal hiring and product/marketing initiatives. International commercial growth lagged at 26% YoY and 2% QoQ. Q&A also highlighted risks of enterprise lock-in to frontier labs and model pulls, which Palantir says sovereignty addresses.
Outlook
Q3 revenue is guided to $2.16B-$2.164B with adjusted operating income of $1.292B-$1.296B. Full-year revenue guidance was raised to $8.15B-$8.158B, U.S. commercial revenue to above $3.424B, and adjusted free cash flow to $4.5B-$4.7B.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-03
Q2 saw record 93% revenue growth, driven by U.S. commercial and government segments, with strong demand for sovereign AI solutions. Guidance for 2026 was raised significantly, reflecting accelerating bookings and customer adoption. Net dollar retention and margins reached new highs.
Q1 2026 Q1 2026 2026-05-04
Q1 delivered record 85% YoY revenue growth and 16% sequentially, with U.S. revenue up 104% YoY. Raised full-year 2026 revenue guidance to $7.656B and adjusted operating income to $4.44–$4.45B, reflecting strong demand for operational AI across commercial and government sectors.
Q4 2025 Q4 2025 2026-02-02
Q4 delivered record 70% revenue growth and a Rule of 127, driven by U.S. commercial and government strength. Full-year revenue rose 56%, with robust profitability and cash flow. 2026 guidance calls for 61% growth and continued margin expansion.
Q3 2025 Q3 2025 2025-11-03
Record Q3 results with 63% year-over-year revenue growth, 121% U.S. commercial growth, and a Rule of 40 score of 114%. Raised full-year guidance, driven by surging AI demand and rapid enterprise adoption, especially in the U.S.
Q2 2025 Q2 2025 2025-08-04
Q2 saw record revenue surpassing $1 billion, with 48% year-over-year growth and strong U.S. commercial and government performance. Guidance for 2025 was raised across all key metrics, reflecting accelerating AI demand and robust deal activity.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
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Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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