Palantir Technologies Inc - Ordinary Shares - Class A
PLTR
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+ FollowMarket Cap$428B
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Earnings Call Q2 2026
August 3, 2026 - AI Summary
Strong Q2 performance + record momentum (good / surprising)
- Revenue grew 93% YoY (highest ever reported), 19% sequentially, to $1.935B.
- Adjusted free cash flow (AFCF) hit $1.22B (highest ever reported), with 63% margin.
- Rule of 40 = 155% (accelerating; up 10 points QoQ).
- Deal velocity at scale: 220 deals ≥ $1M; 98 deals ≥ $5M; 73 deals ≥ $10M (record highs).
- U.S. is driving everything: U.S. now >81% of total revenue, growing 115% YoY and 23% sequentially.
Guidance raised (good)
- Q3 2026 outlook: Revenue $2.16B–$2.164B; adjusted operating income $1.292B–$1.296B.
- Full-year 2026 outlook raised: Revenue $8.15B–$8.158B (raised, with ~82% YoY growth).
- U.S. commercial guidance raised to in excess of $3.424B (≥134% growth rate).
- Adjusted free cash flow guidance (raised): $4.5B–$4.7B.
- Management reiterated expectation of GAAP profitability each quarter.
Bookings / retention strength signals demand (good)
- U.S. commercial TCV bookings: $2.132B in Q2, +153% YoY (and +81% sequentially), “nearly $800M above prior highest quarter.”
- Global TCV bookings (government-heavy): $3.4B in Q2, +49% YoY; dollar-weighted duration +129% YoY.
- Net dollar retention: 157% (up 700 bps QoQ) — management framed as accelerating expansion.
- Remaining performance obligations / remaining deal value increased meaningfully (deal value $13.1B, +83% YoY; RPO $4.9B, +103% YoY).
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$15.69
91.6% downside
Current Fair Value
91.6% downsideOvervalued by 91.6% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $428.00 Billion |
|---|---|
| Enterprise Value | $427.21 Billion |
| Dividend Yield | $- (-) |
| Earnings per Share | $0.69 |
| Beta | 1.6 |
| Outstanding Shares | 2,396,861,000 |
Return
| Return on Equity | 30.86% |
|---|---|
| Return on Assets | 25.83% |
| Return on Invested Capital | 27.64% |
Valuation & Multiples
| P/E Ratio | 147.64 |
|---|---|
| PEG | 65.62 |
| Price to Sales | 93.02 |
| Price to Book Ratio | 46.51 |
| Enterprise Value to Revenue | 69.4 |
| Enterprise Value to EBIT | 152.36 |
| Enterprise Value to Net Income | 141 |
| Total Debt to Enterprise | 0 |
| Debt to Equity | 0.13 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
August 3, 2026
EPS Estimate
$0.34
Average shareholder expectationRevenue Estimate
$1.81 B
Average shareholder expectationNext Earnings Call
Expected Date
November 2, 2026
EPS Estimate
$0.41
Average shareholder expectationRevenue Estimate
$2.18 B
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 1.4808▲ 32.76% |
|---|---|
| Total Calls | 241,700▼ 99.78% |
| Total Puts | 357,900▼ 99.72% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 0.63%▼ 60.62% |
|---|---|
| Total Invested | $2.84B▼ 98.34% |
| Investors Holding | 530▼ 2574.00% |
ESG Score
No data
About Palantir Technologies Inc
4,414 employees
CEO: Alexander Karp Palantir Technologies Inc. engineers and provides advanced software solutions primarily for the intelligence sector, aiding in counterterrorism investigations and operational responses across the United States, United Kingdom, and intern...