Palantir Stock Price Prediction: What Q2 Earnings May Reveal Today
Palantir PLTR Price Prediction: What Q2 Earnings Could Mean For Stock?
Palantir Technologies reports second quarter earnings today, August 3, after the market closes. The stock enters the print down about 40% from its all-time high of $207.52, set last November.
Shares popped as much as 3.3% before the bell on Monday, touching $127.13. They cooled back toward $122 once the broader market opened.
Traders are bracing for a big move once the numbers land. Options pricing points to a swing of roughly $14 in either direction.
What Does Wall Street Expect From Palantir's Q2 Earnings?
Wall Street expects revenue near $1.81 billion, up about 81% from a year ago. That would mark an eleventh straight quarter of accelerating growth.
Adjusted earnings per share are expected to land around 34 to 35 cents. That is more than double last year's 16 cents.
The company's own guidance called for revenue between $1.797 billion and $1.801 billion. A beat is not guaranteed, but it would extend a long streak.
PLTR already raised full-year guidance once this year, to as much as $7.66 billion. That implies about 71% growth for all of 2026.
Metric | Q2 2026 Estimate | Q2 2025 Actual |
Revenue | ~$1.81 billion | ~$1.00 billion |
Revenue growth (YoY) | ~81% | 48% |
Adjusted EPS | ~$0.34 to $0.35 | $0.16 |
Company guidance | $1.797B to $1.801B | Not applicable |
Why Is Palantir Stock Down From Its All-Time High?
PLTR remains one of the more expensive stocks on the market. It trades near 140 times trailing earnings, even after this year's pullback.
Critics say that price already bakes in years of near-flawless growth. Competition is a growing worry too.
Rivals including OpenAI and Anthropic are pushing further into enterprise AI tools that overlap with the company's Foundry and AIP platforms.
Michael Burry, the investor known for his 2008 mortgage short, has piled onto the bearish side. He has held put options against Palantir since late 2025.
Burry argues the stock is worth less than $50 a share. He reiterated that view just days before this earnings report, even as most Wall Street analysts stayed bullish.
What Is Fueling the Bull Case for Palantir Stock?
Supporters point to a run of blowout quarters. Revenue grew 85% year over year in Q1 2026.
Net dollar retention climbed to 150%. In plain terms, existing customers are spending half again as much as they did a year earlier.
Free cash flow reached $925 million in a single quarter. The balance sheet holds $8 billion in cash, with no debt.
Government demand keeps growing too. The company has landed a sole-source FAA modernization deal and a $300 million USDA agreement since its last report.
It also signed a three-year, £240.6 million contract with the UK Ministry of Defence.
A separate defense intelligence agency solicitation was pulled after a Palantir bid protest, adding to the recent momentum.
What Are Palantir's Key Support and Resistance Levels?
Weekly charts show Palantir completed a five-wave rally into last November's $207.52 peak. It then fell in an A-B-C pattern that has round-tripped toward the 50% retracement near $106 to $107.
Some cycle-focused chart watchers see that zone as a potential yearly low, if price can close back above the falling trendline.
A deeper slide would put the 61.8% retracement, close to $83, back in play.
On shorter time frames, PLTR has been boxed between roughly $121.55 and $134.03. The 20-day average sits near $123, while the 200-day average is far overhead near $154.
Level | Price | What It Means |
Near-term resistance | ~$134 | Recent trading range ceiling |
Current trading zone | ~$122 to $127 | Pre-earnings range |
50% retracement | ~$106 to $107 | Major chart support |
61.8% retracement | ~$83 | Deeper downside target |
Palantir Price Prediction: What Could Happen Next?
Nobody can say for certain where the stock trades once the dust settles.
A strong beat, paired with another guidance raise, could send shares back toward $134 and eventually the $150s, where the 200-day average sits.
A soft print, or cautious talk on competition, could send PLTR back toward $106 fairly fast, with $83 as a further downside marker.
Analyst price targets average near $182, well above the current price. That gap alone makes this report feel like a genuine fork in the road for the stock.
Disclaimer
This article is for informational purposes only and is not financial, investment, or trading advice. Stock and options markets are volatile, and past performance never guarantees future results. Do your own research and speak with a licensed financial advisor before making any investment decisions.
