Palantir Poised for Strong Q2 Earnings Amid Government Spending Boost
Palantir's Q2 2026 earnings report is scheduled for August 3, and analysts are forecasting a strong quarter. Oppenheimer expects Palantir to beat its own revenue guidance of around 79% year-over-year growth with an estimated 85%. The firm also predicts that the company will raise its full-year outlook above the current 71% growth target.
The U.S. government segment remains the biggest driver of growth, with increased spending from the Department of Homeland Security and military services contributing to the revenue boost. International government growth is expected to be softer due to some European allies exploring alternative providers.
Morningstar rates Palantir as fairly valued with a narrow economic moat, citing switching costs and proprietary intangible assets tied to the Ontology framework. The firm's valuation estimate stands at $153, implying a 2026 EV/sales multiple of 48x.