Palantir Technologies (PLTR) topped Wall Street's second-quarter earnings and revenue targets as demand for its artificial intelligence software fueled a 12th straight quarter of accelerating revenue growth. Palantir stock surged on Tuesday as U.S. commercial growth also reaccelerated.
On the stock market today, Palantir stock surged nearly 30% to 162.67 in midday trading. With Tuesday's gain, Palantir erased much of its loss so far in 2026. And, Palantir stock climbed above its 200-day moving average, a key technical level.
Also, Tuesday's rally puts the stock on pace for its second-best daily performance since its initial public offering in September 2020, noted Bespoke Investment. The largest one-day gain for Palantir stock was over 30% on Feb. 6 2024 following an earnings report.
The data ****** ytics software maker reported Q2 results after the market close on Monday. For 2026, Palantir hiked its revenue outlook to a range of $8.150 billion to $8.158 billion. That was up from earlier guidance of $7.650 billion to $7.662 billion.
Further, Palantir raised 2026 guidance for revenue, adjusted operating income, and free cash flow. And, Palantir hiked U.S. commercial sales growth guidance from 120% to 134%.
#Stock #Growth #quarter
On the stock market today, Palantir stock surged nearly 30% to 162.67 in midday trading. With Tuesday's gain, Palantir erased much of its loss so far in 2026. And, Palantir stock climbed above its 200-day moving average, a key technical level.
Also, Tuesday's rally puts the stock on pace for its second-best daily performance since its initial public offering in September 2020, noted Bespoke Investment. The largest one-day gain for Palantir stock was over 30% on Feb. 6 2024 following an earnings report.
The data ****** ytics software maker reported Q2 results after the market close on Monday. For 2026, Palantir hiked its revenue outlook to a range of $8.150 billion to $8.158 billion. That was up from earlier guidance of $7.650 billion to $7.662 billion.
Further, Palantir raised 2026 guidance for revenue, adjusted operating income, and free cash flow. And, Palantir hiked U.S. commercial sales growth guidance from 120% to 134%.
#Stock #Growth #quarter
3 months ago
