PLTR
Palantir Technologies Inc.

Palantir Technologies Inc.PLTR

Technology · Software - Infrastructure
160.38USD
+3.48%
Nov 08, 2026
PLTR overview ready
Operational AI and data fusion software for defense and intelligence agencies
Direct software enabler of defense and intelligence digital modernization: Palantir supplies the operational data, AI, deployment, and decision-support layer rather than weapons platforms or physical defense components.
Theme not measured
Enterprise AI Platforms has no leadership state this session.
Price structure is giving way
Longer-term context reads mature trend, with a near-term setup of pullback recovery.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Unremarkable fundamentals
Primary risk
Dependence on government defense and intelligence budgets.
Market Nov 6Filing Sep 30Price action Nov 7Research Oct 3

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction6.0BusinessPerformance7.0BusinessQuality7.4Valuation1.1ThemeMomentum—Improving — Revenue growth has accelerated across 4 consecutive quarters, rising from +70% to +96% year over year. Diluted EPS is up 144% year over year ($0.44), but growth has slowed from +325%. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Enterprise AI Platforms — Enterprise AI Platforms is tracked (3–4 priced members) — too few for a leadership state
Its economic family, Software, reads Weakening (+6.0pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Price structure is giving way
Longer-term context reads mature trend, with a near-term setup of pullback recovery.
EntryConstructive

Structure is constructive, but price remains well extended from the long-term weekly base and the earlier reset has already been partly recovered — a workable rather than ideal entry location.

Key Financials

Market Cap
$386.4B
Avg Volume (60D)
24.9M
60 sessions
Revenue Growth YoY
+56.2%
FY2025 vs FY2024
Gross Margin
+84.7%
Trailing twelve months
Operating Margin
+45.6%
Trailing twelve months
Free Cash Flow Yield
+1.0%
Distance from 200DMA
+4.5%
Next Earnings
2027-02-01
P/E
105.3x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Improving

Revenue growth has accelerated across 4 consecutive quarters, rising from +70% to +96% year over year. Diluted EPS is up 144% year over year ($0.44), but growth has slowed from +325%.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthAccelerating
+96%
$2.31B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +70%
  2. +85%
  3. +93%
  4. +96%
Earnings growthSlowing
+144%
Diluted EPS $0.44 vs $0.18 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. n/a
  2. +325%
  3. +215%
  4. +144%
Operating marginExpanding
46.9%
+13.6 pp YoY · gross margin 83.4% (+1.0 pp)

Business Quality

7.4 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

One of the two valuation perspectives says expensive; intrinsic is the dissenting view.
Palantir Technologies Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces. It trades at a 1.0% free-cash-flow yield, which requires sustained delivery to be justified.

Company Research

Thesis
Direct software enabler of defense and intelligence digital modernization: Palantir supplies the operational data, AI, deployment, and decision-support layer rather than weapons platforms or physical defense components.
Opportunity
Moderate opportunity
Defense and intelligence spending on operational software that fuses classified and operational data, deploys AI into secure environments, and supports command, targeting, logistics, and decision workflows across military organizations.
Key risk
Dependence on government defense and intelligence budgets.

Economic classification

Loading the economic classification…

Business & Markets

Technology · Software - Infrastructure
What they do

Palantir Technologies Inc. develops and deploys software platforms that integrate and analyze data for defense, intelligence, and government customers to support operational decision-making and mission command.

How it earns

Primarily subscription-based revenue from software licenses and related services.

Products & services
Palantir Gotham
Palantir Foundry
Customers & end markets
Government defense and intelligence agencies
Commercial enterprises
Market position

Leader in defense and intelligence operational software platforms integrating AI and data fusion.

Demand drivers
Low cyclicality

Driven by government contracts and long-term defense spending commitments.

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