"Palantir reported Q1 2026 revenue of $1.63 billion, up 85% year over year, blowing past Wall Street estimates and extending the company's 8-quarter streak of beating both EPS and revenue."
"With a trailing P/E ratio of 232x, a forward P/E ratio of 112x, and a price-to-sales ratio of 78x, even an 85% growth print struggles to justify the multiple."
"Palantir's U.S. commercial business remains the engine, growing 137% year over year to $507 million, with management guiding for at least 115% growth in fiscal 2026."
Palantir Technologies reported Q1 2026 revenue of $1.63 billion, an 85% year-over-year increase, exceeding Wall Street expectations. Despite this, shares dropped 7%, reflecting a sell-the-news reaction. The company raised its full-year guidance to $7.65 to $7.66 billion, driven by strong demand for its Artificial Intelligence Platform. The U.S. commercial business grew 137% year over year. However, high valuation metrics, including a trailing P/E ratio of 232x, contributed to the stock's decline, as good news was already priced in.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]