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QUICK SPARK: Palantir Stock Eyes Best Day Since February 2024, Here's Why

Benzinga·08/04/2026 15:42:22
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Shares of Palantir Technologies Inc. (NASDAQ:PLTR) rallied nearly 25% during Tuesday morning trading, putting the AI software company on track for its strongest session since February 2024.

The rally followed another blowout quarter. Palantir reported second-quarter revenue of $1.94 billion, above Wall Street expectations of roughly $1.80 billion, while adjusted earnings per share reached $0.41 versus $0.35 expected. U.S. commercial revenue jumped 149% year over year to $764 million.

The bigger signal: Palantir raised its full-year revenue outlook, reinforcing that its AI demand boom is still accelerating.

Only nine sessions since Palantir’s 2020 market debut have topped 20%.

Image: Shutterstock