Palantir Technologies (PLTR) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $0.41
- Estimate
- $0.35
- Surprise
- +18.5%
- Revenue (period 2026-06-30)
- $1.94B
- Score at report (before → after)
- 6.4 → 6.8/10
Revenue source: xbrl.
How the report landed
Palantir Technologies (PLTR) beat the $0.35 estimate with adjusted EPS of $0.41 — a large 18.5% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.4/10) to Hold at 6.8/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates PLTR Buy (Wait) at 6.4/10.
4 of the last 4 quarters beat the estimate; this quarter's +18.5% surprise compares with a +17.7% four-quarter average. Next scheduled report: 2026-11-02.
What supports the rating
- V7 flight-to-quality bonus: +0.5 (Q=9.0 in RISK_OFF)
- Strong earnings beat streak (4/4)
What argues against it
- Concentration risk — Geographic: United States (74.0%)
- Concentration risk — Customer: government segment (54.0%)
- Analyst target reached - limited upside remaining
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $191.78
- Entry target
- $181.72
- Price target
- $220.55
- Stop
- $169.79
- Upside to target
- +15.0%
The stock trades at 163.9× trailing but 82.6× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-24 — shown for context, not personalized investment advice.
PLTR at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Software - Infrastructure
- Market cap
- $460.88B
- P/E (fwd)
- 82.6
- P/E (ttm)
- 163.9
- 52-week range
- $106.37–$207.52
- Off 52-week high
- 7.6%
- RSI (14)
- 60
- Volume vs avg
- 0.32×
- Score today
- 6.4/10