Analyst Consensus ?
ConsensusHold26 ratings
Bullish1350.0%
Neutral1038.5%
Bearish311.5%
Palantir Technologies Inc. · PLTR · FY2025 Q2 · Calendar Q3 2025
Palantir: AI adoption and contract momentum reinforce growth case
The current analysis supports a constructive growth thesis: broad AI-platform adoption, strong commercial expansion, and government demand are reinforcing Palantir’s trajectory. The thesis remains contingent on execution, continued customer expansion, and sustained demand across commercial and government markets.
Reported After market closeNASDAQTechnology
$433.38B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.16
Consensus $0.14
EPS surprise
+15.8%
Reported versus consensus
Reported revenue
$1.00B
Consensus $937.7M
Revenue surprise
+7.0%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+7.8%
Event window
SPY move
-0.5%
Same window
Abnormal move
+8.4%
Stock minus SPY
Volume
2.3×
Versus trailing sessions
Subsequent drift
-10.6%
Up to 20 sessions
PLTRSPY benchmark
Ask FN2 about PLTR FY2025 Q2
Transcript, numbers and history already loaded
Why did PLTR rise 7.8% after beating EPS estimates in FY2025 Q2?What changed in PLTR's guidance and outlook in FY2025 Q2?Give me the bull and bear case for PLTR after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior-quarter analysis, the current call adds evidence of broader AIP and ontology adoption, expanded AI FDE and Warp Speed plans, and continued pursuit of large government contracts. The growth narrative is stronger, while distribution, talent, seasonality, policy exposure, and valuation remain the principal concerns.
Guidance delta
Management raised guidance again, reinforcing the positive direction described in the prior-quarter analysis.
Key takeaways
- Management described broadening adoption of AIP and ontology-based workflows across commercial customers.
- U.S. commercial expansion and government AI contracts remained the central growth drivers.
- Product expansion across AIP, AI FDE, Warp Speed, and Maven points to deeper customer integration.
- The main counterweights are execution, talent, government-budget exposure, and valuation sensitivity.
Management priorities
- Scale AIP and Ontology web services across enterprise customers.
- Expand AI FDE capabilities and industrial applications through Warp Speed.
- Pursue additional large-scale government contracts.
- Support frontline-worker AI tools and talent development.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$188.75Current
$4.5Low
$132.72Average
$250High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 4, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Rosenblatt | Buy | Buy | Maintain | Sep 23, 2026 |
| UBS | Buy | Buy | Maintain | Sep 15, 2026 |
| DA Davidson | Buy | Buy | Maintain | Sep 11, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Aug 4, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Aug 4, 2026 |
| Deutsche Bank | Buy | Hold | Upgrade | Aug 4, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 4, 2026 |
| Cantor Fitzgerald | Neutral | Neutral | Maintain | Aug 4, 2026 |
| Wolfe Research | Peer Perform | Underperform | Upgrade | Jun 16, 2026 |
| Wedbush | Outperform | Outperform | Maintain | Jun 5, 2026 |
| Argus Research | Buy | Hold | Upgrade | May 6, 2026 |
| RBC Capital | Underperform | Underperform | Maintain | May 5, 2026 |
| HSBC | Hold | Buy | Downgrade | May 1, 2026 |
| Freedom Broker | Buy | Sell | Upgrade | Feb 13, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Nov 4, 2025 |
| Goldman Sachs | Neutral | Neutral | Maintain | Nov 4, 2025 |
| Baird | Neutral | Neutral | Maintain | Nov 4, 2025 |
| B of A Securities | Buy | Buy | Maintain | Nov 4, 2025 |
| Loop Capital | Buy | Buy | Maintain | Aug 5, 2025 |
| William Blair | Market Perform | Underperform | Upgrade | Mar 5, 2025 |
| Northland Capital Markets | Market Perform | Market Perform | Maintain | Feb 4, 2025 |
| Jefferies | Underperform | Underperform | Maintain | Feb 4, 2025 |
| Benchmark | Buy | Buy | Maintain | Dec 20, 2024 |
| Raymond James | Market Perform | Outperform | Downgrade | Sep 23, 2024 |
| Monness, Crespi, Hardt | Sell | Neutral | Downgrade | Jun 21, 2024 |
| Credit Suisse | Neutral | Neutral | Maintain | May 10, 2023 |
Named analyst price targets
Upside is calculated against the persisted current price $188.75. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $250 | $173.31 | +32.5% | Sep 15, 2026 |
| D.A. Davidson | Gil Luria | $250 | $168.03 | +32.5% | Sep 11, 2026 |
| UBS | Analyst unavailable | $215 | $175.23 | +13.9% | Aug 11, 2026 |
| Northland Securities | Analyst unavailable | $200 | $158.09 | +6.0% | Aug 4, 2026 |
| Mizuho Securities | Gregg Moskowitz | $215 | $153.91 | +13.9% | Aug 4, 2026 |
| Goldman Sachs | Analyst unavailable | $204 | $125.65 | +8.1% | Aug 4, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $156 | $125.65 | -17.4% | Aug 4, 2026 |
| D.A. Davidson | Gil Luria | $200 | $125.65 | +6.0% | Aug 4, 2026 |
| Jefferies | Brent Thill | $80 | $125.65 | -57.6% | Aug 4, 2026 |
| RBC Capital | Rishi Jaluria | $90 | $121.72 | -52.3% | Jul 31, 2026 |
| D.A. Davidson | Analyst unavailable | $175 | $125.73 | -7.3% | Jul 2, 2026 |
| UBS | Karl Keirstead | $200 | $129.98 | +6.0% | Jun 16, 2026 |
| Cantor Fitzgerald | Thomas Blakey | $138 | $137.42 | -26.9% | May 22, 2026 |
| Argus Research | Analyst unavailable | $190 | $135.91 | +0.7% | May 6, 2026 |
| D.A. Davidson | Analyst unavailable | $165 | $137.31 | -12.6% | May 5, 2026 |
| HSBC | Analyst unavailable | $151 | $144.07 | -20.0% | May 1, 2026 |
| Oppenheimer | Param Singh | $200 | $137.97 | +6.0% | Apr 30, 2026 |
| Mizuho Securities | Gregg Moskowitz | $185 | $132.37 | -2.0% | Apr 14, 2026 |
| Daiwa | Analyst unavailable | $180 | $142.91 | -4.6% | Feb 10, 2026 |
| Deutsche Bank | Brad Zelnick | $200 | $155.6 | +6.0% | Feb 3, 2026 |
| HSBC | Analyst unavailable | $205 | $156.07 | +8.6% | Feb 3, 2026 |
| D.A. Davidson | Analyst unavailable | $180 | $154.46 | -4.6% | Feb 3, 2026 |
| Northland Securities | Analyst unavailable | $190 | $147.76 | +0.7% | Feb 3, 2026 |
| UBS | Analyst unavailable | $180 | $147.76 | -4.6% | Feb 3, 2026 |
| Mizuho Securities | Analyst unavailable | $195 | $147.76 | +3.3% | Feb 3, 2026 |
| Piper Sandler | Analyst unavailable | $230 | $147.76 | +21.9% | Feb 3, 2026 |
| Jefferies | Analyst unavailable | $208 | $165.33 | +10.2% | Jan 22, 2026 |
| Truist Financial | Analyst unavailable | $223 | $174.04 | +18.1% | Jan 6, 2026 |
| Cantor Fitzgerald | Thomas Blakey | $198 | $192.26 | +4.9% | Nov 4, 2025 |
| D.A. Davidson | Analyst unavailable | $215 | $192.67 | +13.9% | Nov 4, 2025 |
| Morgan Stanley | Analyst unavailable | $205 | $192.29 | +8.6% | Nov 4, 2025 |
| Goldman Sachs | Analyst unavailable | $188 | $192.06 | -0.4% | Nov 4, 2025 |
| UBS | Karl Keirstead | $205 | $207.18 | +8.6% | Nov 4, 2025 |
| Robert W. Baird | William Power | $200 | $207.18 | +6.0% | Nov 4, 2025 |
| Mizuho Securities | Gregg Moskowitz | $205 | $207.18 | +8.6% | Nov 4, 2025 |
| Piper Sandler | Analyst unavailable | $201 | $177.21 | +6.5% | Oct 14, 2025 |
| Mizuho Securities | Analyst unavailable | $165 | $171.43 | -12.6% | Sep 15, 2025 |
| Wedbush | Daniel Ives | $200 | $173.27 | +6.0% | Aug 5, 2025 |
| Morgan Stanley | Analyst unavailable | $155 | $173.27 | -17.9% | Aug 5, 2025 |
| Piper Sandler | Brent Bracelin | $182 | $173.27 | -3.6% | Aug 5, 2025 |
| D.A. Davidson | Gil Luria | $170 | $173.27 | -9.9% | Aug 5, 2025 |
| Loop Capital Markets | Analyst unavailable | $180 | $173.27 | -4.6% | Aug 5, 2025 |
| UBS | Analyst unavailable | $165 | $173.27 | -12.6% | Aug 5, 2025 |
| Deutsche Bank | Brad Zelnick | $160 | $173.27 | -15.2% | Aug 5, 2025 |
| Wedbush | Daniel Ives | $160 | $142.5 | -15.2% | Jul 10, 2025 |
| Loop Capital Markets | Mark Schappel | $155 | $135.19 | -17.9% | Jun 12, 2025 |
| Mizuho Securities | Matthew Broome | $94 | $108.86 | -50.2% | May 6, 2025 |
| D.A. Davidson | Gil Luria | $115 | $108.86 | -39.1% | May 6, 2025 |
| Loop Capital Markets | Mark Schappel | $130 | $108.86 | -31.1% | May 6, 2025 |
| Wedbush | Daniel Ives | $140 | $106.38 | -25.8% | May 6, 2025 |
| William Blair | Analyst unavailable | $84 | $90.13 | -55.5% | Mar 5, 2025 |
| D.A. Davidson | Gil Luria | $105 | $103.83 | -44.4% | Feb 4, 2025 |
| Mizuho Securities | Gregg Moskowitz | $80 | $103.83 | -57.6% | Feb 4, 2025 |
| Morgan Stanley | Sanjit Singh | $95 | $103.83 | -49.7% | Feb 4, 2025 |
| Jefferies | Brent Thill | $60 | $103.83 | -68.2% | Feb 4, 2025 |
| Wedbush | Dan Ives | $75 | $64.35 | -60.3% | Nov 25, 2024 |
| Wedbush | Dan Ives | $57 | $51.02 | -69.8% | Nov 5, 2024 |
| D.A. Davidson | Gil Luria | $47 | $51.02 | -75.1% | Nov 5, 2024 |
| Wedbush | Daniel Ives | $45 | $37.12 | -76.2% | Sep 26, 2024 |
| Bank of America Securities | Mariana Perez Mora | $50 | $35.88 | -73.5% | Sep 16, 2024 |
| Northland Securities | Michael Latimore | $35 | $32.59 | -81.5% | Aug 22, 2024 |
| Citigroup | Tyler Radke | $30 | $29.28 | -84.1% | Aug 8, 2024 |
| Goldman Sachs | Gabriela Borges | $16 | $26.59 | -91.5% | Aug 6, 2024 |
| Bank of America Securities | Mariana Perez Mora | $30 | $26.92 | -84.1% | Aug 6, 2024 |
| Wedbush | Dan Ives | $38 | $26.82 | -79.9% | Aug 6, 2024 |
| D.A. Davidson | Gil Luria | $28 | $24.09 | -85.2% | Aug 6, 2024 |
| Wedbush | Daniel Ives | $50 | $28.9 | -73.5% | Jul 18, 2024 |
| Argus Research | Joseph Bonner | $29 | $23.57 | -84.6% | Jun 17, 2024 |
| Mizuho Securities | Gregg Moskowitz | $21 | $21.6 | -88.9% | May 7, 2024 |
| D.A. Davidson | Gil Luria | $24 | $21.7 | -87.3% | May 7, 2024 |
| Deutsche Bank | Brad Zelnick | $20 | $25.21 | -89.4% | May 7, 2024 |
| Wedbush | Dan Ives | $35 | $23.33 | -81.5% | May 6, 2024 |
| Jefferies | Brent Thill | $22 | $21.87 | -88.3% | Feb 6, 2024 |
| Goldman Sachs | Gabriela Borges | $11 | $16.66 | -94.2% | Aug 8, 2023 |
| Wedbush | Daniel Ives | $25 | $16.92 | -86.8% | Jul 28, 2023 |
| Goldman Sachs | Gabriela Borges | $8 | $8.59 | -95.8% | Feb 14, 2023 |
| Jefferies | Analyst unavailable | $7.5 | $6.36 | -96.0% | Jan 5, 2023 |
| Wolfe Research | Alex Zukin | $4.5 | $6.31 | -97.6% | Dec 21, 2022 |
| Citigroup | Analyst unavailable | $5 | $7.64 | -97.4% | Nov 11, 2022 |
| Citigroup | Analyst unavailable | $6 | $9.82 | -96.8% | Aug 9, 2022 |
| Jefferies | Analyst unavailable | $12 | $9.82 | -93.6% | Aug 9, 2022 |
| Deutsche Bank | Brad Zelnick | $8 | $9.82 | -95.8% | Aug 9, 2022 |
| Raymond James | Brian Gesuale | $20 | $10.46 | -89.4% | Jul 21, 2022 |
| Goldman Sachs | Gabriela Borges | $10 | $9.01 | -94.7% | Jun 23, 2022 |
| Bank of America Securities | Mariana Perez Mora | $13 | $8.86 | -93.1% | Jun 21, 2022 |
| Deutsche Bank | Brad Zelnick | $11 | $8.34 | -94.2% | May 15, 2022 |
| Morgan Stanley | Keith Weiss | $13 | $7.46 | -93.1% | May 10, 2022 |
| RBC Capital | Rishi Jaluria | $6 | $7.26 | -96.8% | May 10, 2022 |
| Piper Sandler | Weston Twigg | $14 | $7.46 | -92.6% | May 9, 2022 |
| Piper Sandler | Weston Twigg | $16 | $11.12 | -91.5% | Apr 27, 2022 |
| RBC Capital | Rishi Jaluria | $12 | $11.96 | -93.6% | Apr 25, 2022 |
| Monness | Brian White | $20 | $12.42 | -89.4% | Apr 14, 2022 |
| Piper Sandler | Weston Twigg | $15 | $11.87 | -92.1% | Mar 10, 2022 |
| Morgan Stanley | Keith Weiss | $16 | $11.11 | -91.5% | Mar 7, 2022 |
| Deutsche Bank | Brad Zelnick | $15 | $11.02 | -92.1% | Feb 20, 2022 |
| Wolfe Research | Alex Zukin | $9 | $11.02 | -95.2% | Feb 18, 2022 |
| RBC Capital | Rishi Jaluria | $9 | $11.77 | -95.2% | Feb 17, 2022 |
| Jefferies | Brent Thill | $21 | $12.94 | -88.9% | Feb 4, 2022 |
Track every rating change on PLTR the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationPalantir Technologies Inc. engineers and deploys advanced software platforms primarily for the intelligence community, supporting counterterrorism investigations and operations across the United States, the United Kingdom, and internationally. One such product is Palantir Gotham, a sophisticated software system that enables users to uncover hidden patterns within diverse datasets, from signals intelligence to confidential informant reports. Gotham also facilitates the seamless handover between analysts and operational personnel, helping operators strategize and execute real-world responses to threats pinpointed within the platform.…
Historical context
All PLTR earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| ACN Accenture plc | FY2026 Q4 · Calendar Q4 2026 | +3.5% | +15.8% | Accenture: AI demand supports strong Q4, while pricing and geopolitics remain risks |
| JBL Jabil Inc. | FY2026 Q4 · Calendar Q3 2026 | +8.1% | -10.0% | Jabil enters FY2027 with AI-led growth and capacity risks |
| MU Micron Technology, Inc. | FY2026 Q4 · Calendar Q3 2026 | +5.4% | +0.0% | Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead |
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the PLTR recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-04T15:10:44.480296+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-04T15:10:44.477331+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-04. For educational purposes only; not investment advice.