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Palantir shares are down after Ark Invest trims stake in sale
Palantir’s Q2 results included $1.94 billion in revenue and a $0.41 adjusted EPS, alongside raised FY26 guidance.
Palantir shares were in focus after Ark Invest, led by Cathie Wood, sold additional Palantir stock, cutting its exposure to about 3.11 million shares. Yahoo Finance reports the latest sale was valued at $17 million, which the article characterizes as small relative to Ark’s overall holdings.
Despite the stake reduction, the story points to recent operating momentum for Palantir. It says the stock has rallied 37% over the last month following what it calls “stellar” Q2 numbers, when Palantir reported $1.94 billion in revenue and $0.41 in adjusted EPS.
The article also links the positive reaction to estimates and forward outlook. It says the results beat Wall Street expectations and that Palantir raised its FY26 guidance, with the stock trading near 52-week lows of $106.4 in June 2026.
From a fundamentals standpoint, Yahoo Finance highlights Palantir’s cash position and cash generation. It reports the company ended Q2 with $9.2 billion in cash and delivered $1.2 billion in adjusted free cash flow, while citing customer count of 1,049 as of June 2026 and revenue mix for FY25 of 54% from government and 46% from private enterprises, including 26% from international markets.