| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 6 | 142.9x | 17.8x | Bottom tier | |
Growth | 98 | 78.9% | 7.1% | Top tier | |
Quality | 95 | 32.0% | 4.5% | Top tier | |
Safety | 96 | — | 2.6x | Top tier | |
Capital Return | 53 | — | 2.12% | Around median | |
Momentum | 61 | 2.6% | 2.9% | Around median | |
Sentiment | 72 | 19 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, 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 Technologies develops data and artificial intelligence infrastructure software for enterprises and government entities, and its platforms include PG, Foundry, Gaia, Maven, Ontology, and AIP. Its model is based on transforming artificial intelligence models and enterprise data into operational workflows and applications within the customer's security boundaries, with tools for integration, access control, auditing, agent orchestration, and model tuning. In Q2 of fiscal year 2026, the government segment generated revenue of $990 million, compared with $945 million for the commercial segment, while U.S. operations accounted for more than 81% of total revenue.
Revenue in Q2 of fiscal year 2026 reached approximately $1.935 billion, up 93% year over year and 19% sequentially, while gross profit according to EDGAR data was approximately $1.6 billion. The company recorded GAAP net income of $1.062 billion, a net margin of 55%, and earnings per share of $0.41, while the GAAP operating margin was approximately 47% and the adjusted operating margin was 62%. U.S. commercial revenue reached $764 million, growing 149%, and U.S. government revenue reached $809 million, growing 90%, compared with growth of 26% for international commercial operations and 42% for international government operations.
On a trailing-twelve-month basis in 2026, EDGAR data showed revenue of $6.2 billion, gross profit of $5.2 billion, net income of $3.0 billion, and earnings per share of approximately $1.17. This compares with revenue of $4.5 billion and net income of $1.6 billion in fiscal year 2025. In Q2 of fiscal year 2026 alone, Palantir generated adjusted free cash flow of $1.22 billion at a 63% margin and ended the period with $9.2 billion in cash and short-term U.S. Treasury securities.
Analyst consensus rates PLTR as a “Buy,” with an average price target of $176.33 and a wide range of $80 to $215; the average is below the 52-week range high of $207.52, while the highest target is slightly above that high. In contrast, reports dated August 4 and 5, 2026 indicated a price-to-earnings multiple of approximately 134 times, a price-to-sales multiple of approximately 61 to 68 times, and a free cash flow yield of 0.9%, multiples that assume continued growth close to the exceptional levels recorded in Q2 of fiscal year 2026. The $135 spread in analyst targets, from $80 to $215, demonstrates that the strength of AIP and the guidance increase are offset by fundamental disagreement over how much future growth is priced into the valuation.
Figures in the text are as of 2026-08-26; the live price is shown at the top of the page.
Revenue increased to $1.935 billion in Q2 of fiscal year 2026, growing 93% year over year and 19% sequentially. The U.S. commercial business was the fastest-growing driver, generating $764 million with 149% year-over-year growth, driven by the adoption of AIP to operate artificial intelligence models within enterprises. The U.S. government business generated $809 million, growing 90%, benefiting from existing programs and new awards. The company also closed 220 deals worth $1 million or more, including 73 deals exceeding $10 million.
AIP combines data integration, Ontology, security, auditing, workflows, agent orchestration, and model tuning within the customer's security boundaries. In Q2 of fiscal year 2026, demand for it was reflected in 149% growth in U.S. commercial revenue to $764 million and an increase in the customer count for this business to 653 customers. Management reported that a trial at a technology company in Silicon Valley converted into a contract with an annual value of $10 million after Palantir built agent swarms for marketing, packaging, and pricing recommendations. AIP's focus on sovereign artificial intelligence was also associated with enabling customers to control data, logic, actions, security, and model weights.
Automated analysis for informational purposes only — not investment advice.
Government revenue reached $990 million in Q2 of fiscal year 2026, growing 79% year over year, compared with commercial revenue of $945 million, growing 110%. Within the United States, the government business recorded $809 million and the commercial business recorded $764 million. Internationally, commercial revenue reached $182 million and government revenue reached $181 million. The United States therefore accounted for more than 81% of total quarterly revenue, combining the strength of the core market with geographic concentration risk.
During the August 3, 2026 call, management raised fiscal year 2026 revenue guidance to a range of $8.15 billion to $8.158 billion, with a midpoint of $8.154 billion and expected growth of 82%. It also raised U.S. commercial revenue guidance to more than $3.424 billion, representing growth of at least 134%. For Q3 of fiscal year 2026, the company expects revenue between $2.16 billion and $2.164 billion and adjusted operating income between $1.292 billion and $1.296 billion. It also raised its adjusted free cash flow guidance for fiscal year 2026 to a range of $4.5 billion to $4.7 billion.
Total contract value bookings for the U.S. commercial business reached $2.132 billion in Q2 of fiscal year 2026, up 153% year over year and 81% sequentially. Total remaining deal value reached $13.1 billion, while remaining performance obligations reached $4.9 billion, growing 103%. Announced deals included a three-year contract worth approximately $370 million with a multinational technology company and a three-year contract worth $35 million with a global asset management company. However, the company explains that remaining performance obligations do not include certain short-term or terminable government contracts and therefore do not represent the entire contract base.
Reports dated August 4 and 5, 2026 indicated a price-to-earnings multiple of approximately 134 times and a price-to-sales multiple of approximately 61 to 68 times, with a free cash flow yield of 0.9%. These multiples place a significant burden on the company to sustain the 93% revenue growth recorded in Q2 of fiscal year 2026 and achieve its fiscal year 2026 guidance midpoint of $8.154 billion. The average analyst target is $176.33, but targets range from $80 to $215, revealing wide variation in valuation estimates. The average target is also below the 52-week range high of $207.52, limiting the margin of safety when returning to elevated valuations within that range.
