Palantir Technologies Inc. Sets Q2 Earnings Date Amid Record Growth

Palantir Technologies Inc. scheduled its second-quarter earnings report for August 3, 2026, following an announcement that drove its stock up 2.2% and added over $6 billion to its market capitalization. Wall Street analysts expect the report to show quarterly revenue of $1.8 billion, representing an 80% year-over-year increase, and earnings per share of $0.35.

This anticipation follows a period of aggressive expansion in the United States. In the first quarter of 2026, the company achieved record domestic revenue of $1.3 billion, a 104% year-over-year increase. This growth was fueled by the adoption of its Artificial Intelligence Platform in the commercial sector and significant government contracts. These include a $300 million agreement with the United States Department of Agriculture and a 10-year, $10 billion deal with the U.S. Army for the NGC2 program.

Further momentum came from a July 1 partnership with NVIDIA to deploy sovereign AI models in classified, air-gapped government environments, which added approximately $21.7 billion to Palantir's market capitalization in one session. Despite raising full-year revenue guidance to between $7.65 billion and $7.66 billion, the company's stock has lost 12% of its value over the past year, trailing the S&P 500 by 20%. Analysts highlight a high valuation premium, noting the stock trades at roughly 139x forward earnings.