Palantir stock rises 3 percent as AI demand supports growth

Published on 09/22/2026 at 11:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Palantir stock reached USD 183.01 on September 21, 2026, after a 3 percent rise. Second-quarter revenue reached USD 1.94 billion, up 93 percent year over year.

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Palantir Technologies Inc. (ISIN US69608A1088) closed at USD 183.01 on Nasdaq on September 21, 2026, up 3 percent from USD 177.64. The move came as the software company continued to show rapid commercial and government demand in its second-quarter 2026 results.

Revenue reaches USD 1.94 billion

Palantir reported second-quarter 2026 revenue of USD 1.94 billion, an increase of 93 percent from the same quarter a year earlier, according to ibl.ai on September 21, 2026. The company also reported US commercial revenue of USD 764 million, up 149 percent year over year.

The growth mix matters because commercial expansion is advancing alongside government demand. Palantir's second-quarter 2026 adjusted operating margin reached 62 percent, while adjusted free cash flow represented 63 percent of revenue, according to the same reported results from X on September 21, 2026.

Commercial contracts widen the base

Total contract value reached USD 3.37 billion in the second quarter of 2026, while US commercial contract value rose 153 percent year over year to USD 2.13 billion. US commercial remaining deal value climbed 124 percent to USD 6.24 billion, and Palantir signed 73 deals worth at least USD 10 million, according to X.

Management's 2026 revenue guidance stands at USD 8.15 billion to USD 8.16 billion, implying approximately 82 percent growth for the year. The comparison between 93 percent quarterly revenue growth and the full-year guidance makes execution and the conversion of remaining deal value the key operating issue for the shares.

Valuation remains the counter-factor

MarketBeat reported on September 21, 2026, that Palantir traded as high as USD 183.38 and last changed hands at USD 183.01 during the session, with 21,765,528 shares traded by mid-day. The report also cited a consensus rating of Moderate Buy and an average price target of USD 195.33, while noting valuation risk.

DA Davidson raised its Palantir price target from USD 200 to USD 250 and kept a Buy rating in a report dated September 11, 2026, according to MarketBeat. The target increase contrasts with the stock's valuation sensitivity and leaves future revenue conversion as the central test for the bullish case.

Palantir stock closes at USD 183.01

Palantir stock closed at USD 183.01 on Nasdaq on September 21, 2026, after gaining 3 percent from the previous close of USD 177.64. The next earnings release is listed for November 2, 2026, with a consensus estimate of USD 0.41 earnings per share, according to Zacks.