Palantir Technologies
Builds data and AI operating platforms for government agencies and enterprises.
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Profile
Builds Gotham, Foundry, AIP, and Apollo to integrate data, run operational workflows, deploy governed AI, and deliver software across cloud, on-premises, and rugged environments. Revenue is split between government and commercial institutions, with government slightly larger and the United States supplying most sales.
Builds four connected software platforms that turn fragmented organizational data into operational systems. Gotham supports defense, intelligence, and other government missions; Foundry integrates data, analytics, and workflows for commercial and government users; AIP connects large language models to governed data and human-reviewed processes; Apollo delivers and updates software across cloud, on-premises, and rugged environments. Their shared Ontology maps data, logic, and actions into a common operating model.
Revenue comes from software and related services sold to government and commercial institutions, with government customers contributing slightly more. Most revenue comes from the United States, while overseas work includes allied governments and enterprises. Complex deployments and direct customer involvement are central to execution; long sales cycles, contract termination rights, security-clearance requirements, export controls, and founder-concentrated voting power are structural dependencies.
Company facts
Categories
Key statistics
Year to date +10.9% · Average volume (30d) 41.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 11, 2026 | Needham | Target | $215 | |||
| Aug 11, 2026 | UBS | Target | $200 | $215 | ||
| Aug 4, 2026 | Jefferies | Downgrade | Underperform | Hold | $208 | $80 |
| Aug 4, 2026 | Cantor Fitzgerald | Initiate | Overweight | $138 | $156 | |
| Aug 4, 2026 | Oppenheimer | Downgrade | Outperform | Perform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $0.34 | $0.41 | +19.0% | $1.81B | $1.94B | +6.8% | +29.45% |
| May 4, 2026Q1 FY26 | $0.28 | $0.33 | +19.0% | $1.54B | $1.63B | +5.9% | −6.93% |
| Feb 2, 2026Q4 FY25 | $0.23 | $0.25 | +8.6% | $1.34B | $1.41B | +4.9% | +6.85% |
| Nov 3, 2025Q3 FY25 | $0.17 | $0.21 | +25.1% | $1.09B | $1.18B | +8.2% | −7.94% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $883.9M | $1.00B | $1.18B | $1.41B | $1.63B | $1.94B | |
| Gross profit | $710.9M | $810.8M | $973.8M | $1.19B | $1.42B | $1.64B | |
| Operating income | $176.0M | $269.3M | $393.3M | $575.4M | $754.0M | $912.0M | |
| Net income | $214.0M | $326.7M | $475.6M | $608.7M | $870.5M | $1.06B | |
| Diluted EPS | $0.08 | $0.13 | $0.19 | $0.24 | $0.34 | $0.41 | |
| Gross margin | 80.4% | 80.8% | 82.4% | 84.6% | 86.8% | 84.7% | |
| Operating margin | 19.9% | 26.8% | 33.3% | 40.9% | 46.2% | 47.1% |
Fiscal years (4-quarter sums)FY21 $1.54B · FY22 $1.91B · FY23 $2.23B · FY24 $2.87B · FY25 $4.48B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $9.41B · Total debt $211.4M · Total assets $11.68B · Shareholders' equity $9.77B
Dividends
No dividends on record.
Ownership
Shares outstanding 2.30B · Float 2.19B · 95.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 189.82M | 8.27% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 146.14M | 6.36% | 13F | Aug 13, 2026 |
| State Street Corp | 104.49M | 4.55% | 13F | Aug 7, 2026 |
| Invesco Ltd. | 70.44M | 3.07% | 13F | Aug 14, 2026 |
| Alexander C. Karp · director, officer: See Remarks | 58.93M | 2.57% | Form 4 | Aug 24, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Alexander C. Karp | director, officer: See Remarks | −492,348 | $174.79 |
| Aug 21, 2026 | Jeffrey Buckley | officer: See Remarks | −1,250 | $174.29 |
| Aug 20, 2026 | Jeffrey Buckley | officer: See Remarks | −2,055 | $174.83 |
| Aug 17, 2026 | Alexander D. Moore | director | −16,000 | $174.28 |
| Aug 6, 2026 | Shyam Sankar | officer: See Remarks | −35,000 | $155.70 |
Peers
- Microsoft
Widest overlap: Fabric vs Foundry, Copilot vs AIP, Azure Gov vs Apollo.
- Booz Allen Hamilton
Top federal AI provider; direct rival for DoD/IC analytics contracts.
- Amazon
AWS GovCloud dominates US gov cloud; Bedrock contests AIP on enterprise AI.
- Alphabet Class A
BigQuery/Vertex AI rival Foundry/AIP; Google Public Sector enters federal AI.
- Snowflake
Cloud data warehouse rival; Cortex AI contests AIP's AI-on-private-data play.
- Leidos
No. 2 US defense SI pivoting to high-margin software that overlaps Gotham.
- Science Applications International
DoD mission integrator; Tenjin AI and DAX contest Gotham/AIP in Tradewinds.
- C3.ai
Most direct enterprise AI app rival; overlaps AIP and Foundry on industrial AI.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Palantir Technologies | $185.46 | −0.39% | $427.73B | 157.9 | 97.9 | 69.5 | +92.8% |
| Microsoft | $513.06 | −0.06% | $3.81T | 28.6 | 26.2 | 11.5 | +17.8% |
| Booz Allen Hamilton | $75.24 | −0.05% | $9.05B | 11.8 | 12.0 | 0.8 | −4.2% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| Snowflake | $329.00 | +0.32% | $113.68B | — | 153.9 | 22.6 | +33.5% |
| Leidos | $141.00 | +0.31% | $17.69B | 13.1 | 11.6 | 1.0 | +7.2% |
| Science Applications International | $127.50 | +1.24% | $5.33B | 14.2 | 13.0 | 0.7 | +1.6% |
| C3.ai | $10.57 | +0.26% | $1.60B | — | — | 6.4 | −52.5% |
| Median | 15.8 | 25.8 | 5.0 | +12.5% |