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Palantir shares down 0.5% year to date as AI growth accelerates
In the latest quarter, Palantir reported 93% year-over-year revenue growth and a 55% net profit margin, supported by surging U.S. commercial revenue.
Palantir Technologies shares were down 0.5% year-to-date in 2026, trailing the Nasdaq Composite's roughly 14.4% gain, according to The Motley Fool via Yahoo Finance. The article attributes Palantir's year-to-date underperformance mainly to its high valuation going into the year, rather than a demand slowdown. It says Palantir has continued to post accelerated growth for its AI platform, with revenue growth rising in every quarter since mid-2023. In the most recent period highlighted, Palantir reported 93% year-over-year revenue growth, with growth tied to a focus on security and protecting customer data as businesses feed more information into AI models. The company credited its momentum to that emphasis, and the article notes CEO Alex Karp's view that a competitive advantage should not become training data for future models. The quarter cited showed U.S. commercial revenue up 149% year-over-year and government revenue growing 90%. Palantir also posted a 55% net profit margin, generating more than $3 billion in net income on about $6.2 billion in revenue over the last year, the outlet said.
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