| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 6 | 169.9x | 17.3x | Bottom tier | |
Growth | 98 | 78.9% | 7.1% | Top tier | |
Quality | 95 | 32.0% | 4.5% | Top tier | |
Safety | 97 | — | 2.6x | Top tier | |
Capital Return | 35 | 0.00% | 0.06% | Bottom tier | |
Momentum | 85 | 5.1% | -1.6% | Top tier | |
Sentiment | 77 | 19 | 3 | Top tier |
10-year US Treasury yield 5.00% as of 2026-10-23. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Palantir develops software platforms for integrating data and operationalizing artificial intelligence within enterprises and government entities, including AIP, Foundry, Ontology, Maven, and Gotham. The company generates revenue from software contracts, implementation services, and multi-year expansions, with forward-deployed engineers connecting models, data, and workflows within customer environments. The AIP strategy centers on what the company calls sovereign artificial intelligence, where the customer retains control over its data, operational logic, procedures, and security controls, with the ability to use different models rather than being tied to a single model provider.
In fiscal Q2 2026 ended 2026-06-30, revenue was $1.9 billion, up 92.8% year over year from $1.0 billion, while net income was $1.1 billion and diluted earnings per share were $0.41. Gross margin reached 84.7% versus 80.8% in fiscal Q2 2025, and operating margin increased to 47.1% from 26.8%. The company generated $1.2 billion in operating cash flow, showing that accelerating revenue coincided with strong profitability and cash generation.
Government segment revenue was $990 million in fiscal Q2 2026, slightly ahead of commercial segment revenue of $945 million, while the U.S. business accounted for more than 81% of total revenue. U.S. commercial revenue grew 149% year over year to $764 million, and U.S. government revenue grew 90% to $809 million, making growth diversified between commercial and government customers but highly tied to the U.S. market. At the end of the quarter, Palantir held $9.4 billion in cash and investments against total debt of $211.4 million.
Q2 FY2026
Last 12 months to 2026-06-30
When: 2026-11-02
Fiscal Q3 2026 revenue at the upper end of guidance of $2.164 billion
Fiscal Q3 2026 adjusted operating income at the upper end of guidance of $1.296 billion
Fiscal Q3 2026 operating margin compared with the 47.1% level
The analyst-target method places the median at $200, within a range of $80 to $250 based on 7 analysts. This method prices in expected growth and is inherently inclined toward optimism. The discounted cash flow model produces a value of $91, within a range of $76 to $112 and with a discount rate of 12.5%. It measures the cash the company can generate and follows analysts' earnings estimates, but is inherently inclined toward conservatism. The endpoints of the two ranges overlap between $80 and $112, but the two central values differ clearly because analyst targets assign greater weight to expected growth, while the discounted cash flow model applies a high discount rate reflecting the 5.18% yield on the 10-year U.S. Treasury bond on 2026-09-24. The breadth of market expectations is supported by five firms raising their targets with no cuts over 90 days, but the valuation pillar of the EL7 score places Palantir 161st out of 164 within the industry with a score of 6 out of 100, reflecting the rigor of comparison with peer-company multiples.
Figures in the text are as of 2026-09-27; the live price is shown at the top of the page.
Total revenue grew 92.8% year over year to $1.9 billion in fiscal Q2 2026 ended 2026-06-30. The U.S. commercial business led the acceleration with 149% growth to $764 million, while the U.S. government business grew 90% to $809 million. The company also closed 220 deals worth $1 million or more, and the total contract value of U.S. commercial bookings reached $2.132 billion.
Net income was $1.1 billion and diluted earnings per share were $0.41 in fiscal Q2 2026 ended 2026-06-30. Operating margin reached 47.1%, compared with 26.8% in the same quarter of fiscal 2025, and quarterly operating cash flow totaled $1.2 billion. Over the last 12 months through 2026-06-30, operating cash flow was $3.4 billion, or 113% of net income of $3.0 billion.
Automated analysis for informational purposes only — not investment advice.
When: fiscal 2026
Fiscal 2026 revenue at the upper end of guidance of $8.158 billion
AIP combines data integration, Ontology, security, auditing, workflows, and agent orchestration, while allowing the customer to control the data, logic, and weights used within its environment. The company stated that a competitive test at a Silicon Valley technology company converted into a contract with an annual value of $10 million after Palantir built agents serving that customer's clients. On 2026-09-08, Palantir selected Nebius as a preferred sovereign artificial intelligence infrastructure partner to integrate compute and inference capabilities into its enterprise environment.
The company expects revenue between $2.16 billion and $2.164 billion in fiscal Q3 2026 and adjusted operating income between $1.292 billion and $1.296 billion. For fiscal 2026, it raised revenue guidance to a range of $8.15 billion to $8.158 billion, with U.S. commercial revenue exceeding $3.424 billion. It also expects adjusted free cash flow between $4.5 billion and $4.7 billion, with continued operating profitability and net profitability under generally accepted accounting principles in every quarter of fiscal 2026.
Palantir held $9.4 billion in cash and investments against total debt of $211.4 million in fiscal Q2 2026 ended 2026-06-30. By contrast, stock-based compensation totaled $835.5 million, equivalent to 13.6% of revenue over the last 12 months through 2026-06-30. The diluted share count increased by only 0.2% to 2.57 billion shares in fiscal Q2 2026, from 2.56 billion shares a year earlier.
During the 90 days through 2026-09-27, 40 open-market sales were executed by five insiders, with a total value of $124.6 million. The full $124.6 million in sales took place under prearranged 10b5-1 trading plans, with no sales recorded outside these plans. No open-market purchases were recorded during the period, while sales by the largest seller, an executive, totaled $86.1 million.