Can Palantir’s Strong Results Inject Some Fresh Enthusiasm Back Into Its Stock?

Can Palantir’s Strong Results Inject Some Fresh Enthusiasm Back Into Its Stock?

Aaron McDade, Kara Greenberg

Mon, August 3, 2026 at 6:43 PM GMT+3 2 min read

• PLTR +29.45%

Key Takeaways

• Palantir shares popped in extended trading Monday after the software maker raised its outlook and posted quarterly results that topped analysts' expectations.

• The move could point to a rebound for Palantir's stock, which has taken a big hit lately.

Could Palantir's strong results be enough to drive a rebound for the software maker's stock?

Shares of Palantir (PLTR), which climbed 2% in Monday's regular session, were up nearly 14% in extended trading after the software maker raised its outlook and posted second-quarter earnings that topped analysts' expectations on growing demand for its Artificial Intelligence Platform.

Palantir said it now expects $8.15 billion to $8.16 billion in revenue this year, up from $7.65 billion to $7.66 billion previously. The company reported adjusted earnings per share of $0.41 on revenue that nearly doubled year-over-year to $1.93 billion in the second quarter, ahead of estimates compiled by Visible Alpha.

CEO Alex Karp said in a letter to shareholders that Palantir's core business in the U.S. "continues to expand at an unrelenting and breakneck pace," and that its commercial segment, which saw domestic sales surge 149% to $764 million, "is on fire."

Monday's after-hours action could be a promising signal for the stock, which has taken a hit in recent months amid worries about AI disrupting the software industry, along with some fears that last year's rally left Palantir's stock overvalued. Through Monday's close, the shares were down nearly 30% for the year and roughly 40% off their November highs.

Analysts have stayed broadly bullish on Palantir despite this year's slide, with several calling the pullback a buying opportunity, and suggesting growing AI adoption could prove more of a boon than a threat to Palantir. Ahead of Monday's report, four of the six analysts tracked by Visible Alpha held "buy" or equivalent ratings for the shares, compared to two neutral ratings.

This article has been updated since it was first published to include Palantir's second-quarter results and reflect more recent stock prices.

Read the original article on Investopedia