Palantir Share Price: AI Growth Keeps Driving the Rally
DailyFX Real Time News 2026-10-01 12:27:00
Context: Palantir Technologies shares have surged, driven by accelerating revenue growth fueled by its Artificial Intelligence Platform, or AIP. The company's second-quarter results showed a 93% year-on-year revenue rise to $1.935 billion, with US commercial revenue increasing 149% to $764 million. As the company continues to position AIP as a platform for deploying AI inside organisations, investors are debating whether Palantir can sustain enough growth to justify its high valuation.
Key Facts
- Palantir's shares closed at $187.05 on September 30, giving the company a market capitalisation of roughly $482 billion.
- The company's revenue rose 93% year-on-year to $1.935 billion in the second quarter, with US revenue surging 115% to $1.573 billion.
- Palantir's trailing price-to-earnings ratio is roughly 160 times, according to Yahoo Finance, with a market value approaching half a trillion dollars.
- The company has raised its full-year 2026 revenue guidance to approximately $8.15 billion, implying growth of around 82% year-on-year, with US commercial revenue expected to exceed $3.424 billion.