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Palantir posts 93% revenue growth, but Jefferies stays bearish
Palantir’s U.S. revenue accelerated 115% year over year to $1.573 billion, while Jefferies raised its price target to $80 but kept an Underperform rating.
Palantir Technologies reported its strongest revenue growth on record in results announced Aug. 3, with revenue up 93% year over year to $1.935 billion and beating Wall Street’s estimate by $130 million, according to Yahoo Finance. Adjusted earnings came in at $0.41 per share, topping consensus by $0.06, and management raised full-year 2026 revenue guidance to a range of $8.15 billion to $8.158 billion, implying roughly 82% annual growth.
The company said the U.S. remained its biggest driver, with revenue rising 115% year over year to $1.573 billion. Within that, U.S. commercial revenue increased 149% year over year, while government revenue grew 90%, and management also increased U.S. commercial revenue guidance to more than $3.424 billion, projecting at least 134% annual growth.
After the release, Palantir shares rose as much as 14% to 15% in after-hours trading, but Jefferies analyst Brent Thill did not change his broader stance. Thill raised his price target from $70 to $80 while keeping an Underperform rating, arguing the key challenge is whether Palantir can sustain exceptional growth as investor expectations rise and year over year comparisons get harder.
Yahoo Finance cited Thill’s view that year-over-year growth hurdles climb from 67% in the second half of 2026 to 89% in the first half of 2027, making it increasingly difficult to match or exceed current outperformance even if execution remains strong.
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