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Palantir Technologies (PLTR) AI Stock Analysis
Palantir Technologies
(NASDAQ:PLTR)
Strong financial performance and a highly optimistic, guidance-raising earnings update drive the score, supported by excellent cash generation and low leverage. Offsetting factors are weak near-term technical momentum and a very high valuation (high P/E with no dividend support), which increases downside sensitivity if growth or margins cool.
Palantir Technologies Key Performance Indicators (KPIs)
Total CustomersShows the number of clients using the company’s services, reflecting market reach and potential for revenue growth.
Customer additions have accelerated into a scale-up phase, and management confirms this is paired with high-value conversions and expansions—record large deals and a 157% net-dollar retention are boosting revenue per customer and underpin the large upward guidance and margin expansion. However, the momentum is concentrated in U.S. commercial accounts while international adds lag, and rising revenue concentration in a handful of very large customers increases upside volatility; investors should watch international commercialization progress and large-account concentration as key risks to sustain growth.
The FlyPalantir Technologies (PLTR) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $403.54B
- Dividend Yield
- ―
- Average Volume (3M)
- 28.05M
- Price to Earnings (P/E)
- 112.2
- Beta (1Y)
- 2.50
- Revenue Growth
- 87.06%
- EPS Growth
- 230.03%
- Country
- US
- Employees
- 4,429
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Software - Infrastructure
Palantir Technologies Business Overview & Revenue Model
Company Description
Palantir Technologies Inc. engineers and deploys advanced software platforms primarily for the intelligence community, supporting counterterrorism investigations and operations across the United States, the United Kingdom, and internationally. One su...
How the Company Makes Money
Palantir primarily makes money by selling subscriptions and services related to its software platforms to two broad customer groups: (1) government/public sector customers (e.g., defense, intelligence, and civilian agencies) and (2) commercial enterp...
Palantir Technologies Earnings Call Summary
The call was strongly optimistic, supported by record 96% year-over-year revenue growth, accelerating U.S. commercial demand, expanding government adoption, large pilot-to-production conversions, record profitability and raised full-year guidance. The main challenges were comparatively weak international commercial growth, shorter-than-usual contract durations, higher expenses tied to stated investments, limited organizational bandwidth and the planned end of strategic contract revenue. The positive metrics and management outlook significantly outweighed the explicitly stated challenges.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
For Q4 2026, Palantir expects revenue of between $2.649 billion and $2.653 billion and adjusted income from operations of between $1.640 billion and $1.644 billion; for full year 2026, it is raising revenue guidance to between $8.530 billion and $8.534 billion, with a guidance midpoint of $8.532 billion, representing 91% growth year-over-year and a 9-point increase over its full year 2026 revenue guidance from last quarter, U.S. commercial revenue guidance to in excess of $3.559 billion, representing a growth rate of at least 143%, adjusted income from operations guidance to between $5.245 billion and $5.249 billion, and adjusted free cash flow guidance to between $4.8 billion and $5 billion, while continuing to expect GAAP operating income and net income in each quarter of this year; revenue from strategic commercial contracts is expected to be less than $500,000 in the fourth quarter, with no further revenue from these contracts beyond the fourth quarter of this year.
Palantir Technologies Financial Statement Overview
Summary
Financials are a clear strength: strong revenue growth (TTM +18.4%) alongside a sharp profitability step-up (TTM net margin ~50.3%) and consistently high gross margin (~84.7%). Cash generation is exceptional (TTM FCF ~$4.05B, ~0.99x net income) with low leverage (~0.02 debt-to-equity). Main risk is sustainability of unusually elevated margins versus loss-making history in 2021–2022.
Income Statement
91Very PositiveBalance Sheet
88Very PositiveCash Flow
93Very Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.29B | 4.48B | 2.87B | 2.23B | 1.91B | 1.54B |
| Gross Profit | 6.18B | 3.69B | 2.30B | 1.79B | 1.50B | 1.20B |
| EBITDA | 3.77B | 1.68B | 520.76M | 273.92M | -334.45M | -469.96M |
| Net Income | 3.67B | 1.63B | 462.19M | 209.82M | -373.70M | -520.38M |
Balance Sheet | ||||||
| Total Assets | 13.41B | 8.90B | 6.34B | 4.52B | 3.46B | 3.25B |
| Cash, Cash Equivalents and Short-Term Investments | 10.56B | 7.18B | 5.23B | 3.67B | 2.63B | 2.52B |
| Total Debt | 225.27M | 229.34M | 239.22M | 229.39M | 249.40M | 260.07M |
| Total Liabilities | 2.07B | 1.41B | 1.25B | 961.46M | 818.80M | 956.42M |
| Stockholders Equity | 11.23B | 7.39B | 5.00B | 3.48B | 2.57B | 2.29B |
Cash Flow | ||||||
| Free Cash Flow | 4.05B | 2.10B | 1.14B | 697.07M | 183.71M | 321.22M |
| Operating Cash Flow | 4.10B | 2.13B | 1.15B | 712.18M | 223.74M | 333.85M |
| Investing Cash Flow | -2.10B | -2.78B | -340.65M | -2.71B | -45.43M | -397.91M |
| Financing Cash Flow | 9.22M | -26.91M | 463.36M | 218.84M | 86.00M | 306.75M |
Palantir Technologies Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PLTR, the sentiment is Neutral. The current price of 171.70 is below the 20-day moving average (MA) of 195.86, below the 50-day MA of 186.86, and above the 200-day MA of 153.60, indicating a neutral trend. The MACD of -0.85 indicates Positive momentum. The RSI at 35.79 is Neutral, neither overbought nor oversold. The STOCH value of 14.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PLTR.
Palantir Technologies Risk Analysis
Palantir Technologies disclosed 83 risk factors in its most recent earnings report. Palantir Technologies reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
0 New RisksPalantir Technologies Peers Comparison
Overall Rating
CRWD80Outperform
ORCL79Outperform
ZS78Outperform- PLTR75Outperform
PANW73Outperform
MDB68Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| CRWD | 80Outperform | $250.54B | 6846.59 | 1.29% | ― | 24.30% | ― |
| ORCL | 79Outperform | $381.57B | 19.10 | 42.58% | 1.62% | 21.62% | 45.95% |
| ZS | 78Outperform | $36.70B | -575.49 | -2.76% | ― | 25.42% | -47.39% |
| PLTR | 75Outperform | $421.57B | 112.22 | 39.84% | ― | 87.06% | 230.03% |
| PANW | 73Outperform | $286.73B | 756.61 | 1.68% | ― | 24.49% | -68.55% |
| MDB | 68Neutral | $27.02B | 449.53 | 2.00% | ― | 25.45% | ― |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| PLTR | Palantir Technologies Inc. | 171.70 | -3.35 | -1.91% | |
| ORCL | Oracle Corporation | 123.73 | -116.85 | -48.57% | |
| PANW | Palo Alto Networks | 348.04 | 136.67 | 64.66% | |
| MDB | Mongodb, Inc. | 328.38 | -27.45 | -7.71% | |
| ZS | Zscaler | 224.44 | -93.48 | -29.40% | |
| CRWD | Crowdstrike Holdings | 241.00 | 107.87 | 81.03% |
Palantir Technologies Corporate Events
Palantir Reports Record Third-Quarter Revenue and Profitability
PositiveOn November 2, 2026, Palantir reported third-quarter revenue of $2.313 billion, up 96% year over year, while U.S. revenue increased 119% to $1.937 billion. U.S. commercial revenue rose 148% to $984 million, surpassing U.S. government revenue for the...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 04, 2026