Palantir Awaits Earnings Report as Stock Seeks Momentum

Palantir (PLTR) is set to report its Q2 earnings on August 3, and investors are watching closely as the stock has dropped around 35% from its all-time high set in October 2025. The sell-off has been driven more by software sector valuation pressure than by any weakness in the underlying business.

The company is expected to report $1.81 billion in revenue, representing about 81% year-over-year growth. Palantir guided for $1.797 billion to $1.801 billion, and it has a track record of beating its own forecasts.

In Q1, revenue grew 85% year-over-year, with U.S. commercial revenue rising 133% and U.S. government revenue growing 84%. Palantir's AIP Bootcamp model is helping accelerate commercial adoption, and Remaining Deal Value has been growing faster than reported revenue, a healthy sign.

The company won a procedural victory when the Defense Intelligence Agency withdrew its ASTRA contract solicitation after Palantir filed a formal protest in May. The agency said it pulled the solicitation to review its acquisition strategy, signaling Palantir's growing leverage in the government market.